The Central Bank of Russia has implemented new rules permitting foreign investors in the Russian financial market to make cross-border transfers from In-type accounts, lifting previous repatriation restrictions. This change applies to funds managed by Russian brokers and trust managers, including transfers by foreign representatives of investors.
State Bank of Pakistan Governor Jameel Ahmad, at an Independence Day ceremony, emphasized the central bank's focus on maintaining price stability with inflation targeted at 5–7%. He highlighted economic improvements, including a reduction in inflation from 38% to 3.2% and foreign exchange reserves rising to USD 14.5 billion by end-FY25. The Governor also noted advancements in financial infrastructure, such as the spin-off of Raast and new digital payment initiatives to enhance financial inclusion.
The Egypt Financial Regulatory Authority has issued a Basel III-aligned solvency standards framework for non-banking financial activities, effective 1 January 2027, with a trial starting 1 January 2026. It updates capital, liquidity, and risk requirements, introducing new solvency standards for microfinance and amending requirements for other sectors. Key changes include expanded capital adequacy calculations, revised operational risk requirements, adjusted liquidity ratios, and updated debt write-off rules.
The Canadian Securities Administrators (CSA) released its 2024-2025 Year in Review, highlighting progress on strategic goals and initiatives to enhance Canada's capital markets. Key metrics include 1,011 investor alerts, with over 75% related to crypto assets, and enforcement actions resulting in permanent bans for 54 entities. The report also references the CSA's 2025-2028 Business Plan for future priorities.
The Chile Financial Market Commission released a draft regulation for consultation, detailing principles and minimum requirements for insurance and reinsurance companies to manage outsourcing-related risks. The proposal enhances supervision and complements General Rule No. 454 on operational risk management and cybersecurity. Key elements include risk classification, service provider auditing, business continuity planning, and cybersecurity measures, ensuring firms maintain responsibility and compliance.
Chile’s Financial Market Commission (CMF) has ordered the liquidation of funds managed by Sartor Administradora General de Fondos S.A., appointing Toesca S.A. as liquidator. This decision follows reports of significant asset value deterioration, with estimates ranging from 47% to 85%. The liquidation process includes a 36-month workplan for asset distribution and debt recovery, with potential extensions subject to CMF approval.
The Chile Financial Market Commission (CMF) decreed that credit advisory services, including credit bureaus, can join the Consolidated Debt Registry (REDEC) as reporting entities. Eligibility requires compliance with the Fintech Act and registration as Financial Services Providers. These entities must adhere to data management and cybersecurity obligations and can access debtor data with consent, following a regulatory change linked to General Rule No. 540.
The Norwegian Financial Supervisory Authority's report on SpareBank 1 Nord-Norge's internal ratings-based approach for credit risk capital requirements identifies deficiencies in probability of default and loss given default models. It suggests conservative adjustments, especially for the retail portfolio, and raises concerns over corporate risk weights, maturity parameters, and governance. The authority mandates clearer presentation of regulatory-approved values in credit decisions and plans further supervision.
The U.S. Securities & Exchange Commission filed civil complaints against Ryan Wear and his entities for allegedly operating Ponzi-like schemes tied to water machine revenues, raising over USD 275 million from investors. Portfolio manager Jordan Chirico was charged with fraud and breaches of fiduciary duty for investing a private fund client in the scheme despite conflicts of interest. The SEC seeks injunctive relief, civil penalties, and disgorgement, while the U.S. Attorney’s Office announced criminal charges.
At the State Bank of Vietnam's first Party Congress for the 2025–2030 term, Deputy Prime Minister Ho Duc Phoc outlined a seven-point agenda focusing on monetary policy, legal reforms, and payments modernization. Achievements from 2020–2025 include strengthened governance, proactive monetary policy management, and enhanced banking supervision. Priorities for 2025–2030 emphasize inflation and exchange-rate stability, legal framework alignment, and secure cashless payments.
The State Bank of Vietnam and the Bank of Korea signed a new memorandum of understanding to enhance cooperation and technical assistance in central banking, replacing their 2024 agreement. The memorandum expands cooperation scope, including delegation exchanges and research coordination. Discussions also covered bilateral monetary cooperation and capacity-building support through the Bank of Korea Knowledge Partnership Programme.
The State Bank of Vietnam held its first delegates’ congress for the 2025–2030 term, reviewing the 2020–2025 period and announcing Party leadership appointments, including Governor Nguyen Thi Hong as Party Secretary. Key priorities included monetary policy for inflation control, interest rate and foreign-exchange market stabilization, and credit institution restructuring under Project 689. The congress highlighted legal and regulatory developments, digitalization progress, and changes in credit growth management.
Argentina Securities Commission (CNV) President Roberto E. Silva highlighted the CNV's regulatory framework for real estate investment at the 15th Argentina Real Estate Development and Investment Congress. The framework includes a tokenization regime, with the first part covering real-world assets and unlisted negotiable securities already in force, and a second stage forthcoming to include tokenized securities.
The Bank of the Republic of Burundi and the Ministry of Finance held a conference on economic reforms to secure macroeconomic stability. Key measures include maintaining a restrictive monetary policy, transitioning to an inflation-targeting framework, and modernising monetary policy instruments. The Minister of Finance noted macroeconomic imbalances, with 3.9% GDP growth in 2024 and a fiscal deficit of 8.3% of GDP for FY 2023/2024.
The Securities and Exchange Board of India (SEBI) has initiated an investor awareness campaign on All India Radio to address securities market frauds perpetrated via social media platforms. The campaign, led by SEBI Chairman Tuhin Kanta Pandey, aims to educate investors on safeguarding against fraud and protecting their interests.
The Securities and Exchange Board of India (SEBI), in collaboration with the National Institute of Securities Markets, will launch the "SEBI Arth Yatra Contest 2025" to enhance investor awareness. The contest, featuring Short Video and Static Post categories, will focus on themes such as responsible investing and fraud awareness. Further details will be available on SEBI's investor website and promoted via #SEBIArthYatra2025.
The Securities and Exchange Board of India, with the Ministry of Panchayati Raj, has launched a nationwide training program for block-level Panchayat representatives to boost financial literacy and investor awareness in rural areas. The inaugural session in Pune, Maharashtra, covered financial planning, investment safeguards, and the securities market ecosystem. This initiative aims to empower local leaders to spread financial education across India.
The Bank of Korea announced the issuance of APEC 2025 Korea commemorative coins, with additional details provided in accompanying documents.
The National Bank of Moldova reported Governor Anca Dragu's participation in the relaunch of the Republic of Moldova–Romania Bilateral Chamber of Commerce and Industry, emphasizing financial stability and cooperation as investment drivers. Dragu highlighted Moldova's economic progress, reforms, and integration with the European economic area, alongside modernizing financial infrastructure with P2G functionality for instant payments. The event also featured an economic study on Basarabian factories, a dialogue platform for domestic producers, and the chamber's new strategy and visual identity.
The National Bank of Denmark's Working Paper No. 211 explores why "marginal workers" account for most unemployment, citing lower productivity and non-pecuniary opportunity costs. Using Danish administrative data, it distinguishes "stable" from "marginal" workers, finding marginal workers less productive with higher unemployment rates. The paper suggests equalizing productivity could reduce unemployment among marginal workers, impacting unemployment insurance design.
The U.S. Treasury’s OFAC re-designated cryptocurrency exchange Garantex Europe OU and designated its successor, Grinex, along with three executives and six companies for sanctions evasion and cybercrime support. OFAC cited over USD 100 million in illicit transactions since 2019 and noted Grinex's creation following U.S. Secret Service actions against Garantex. The designations block property within U.S. jurisdiction and prohibit U.S.-nexus transactions with the designated parties without authorization.
The National Bank of Moldova's Executive Committee has adopted a regulation for operations on the Republic of Moldova's interbank foreign exchange market. This regulation was formalized by Executive Committee Decision No. 187 and published in Monitorul Oficial.
The Single Resolution Board's vice-president, Miguel Carcaño, advocates for further European banking integration where financially sensible, a common deposit guarantee fund, and simplified banking regulation while ensuring stability. His views are framed within the context of the EU's incomplete single banking market, drawing on his experience from Spain's bank resolution authority and the Banco Popular liquidation.
The Central Bank of the Bahamas published its August 2025 schedule for Bahamas Registered Stock secondary market prices, detailing ISIN-level bid and ask prices and yields. The pricing sheet includes fixed-rate and floating-rate issues, with maturities from September 2025 to October 2054 and yields between 3.14% and 6.59%. Floating-rate securities feature six-month coupon resets at the prevailing market rate.
The Central Bank of Uruguay proposed a draft bill to the Ministry of Economy and Finance to amend its Organic Charter, expanding its regulatory remit to include entities soliciting public investment with promised financial returns. The bill aims to enhance the enforcement powers of the Superintendency of Financial Services, allowing for information requisition, inspections, and immediate cessation of irregular activities. These reforms are part of broader efforts to bolster investor protection and capital market development.
Chile’s Ministry of Finance announced Senate approval in principle of a bill to regulate online betting platforms, advancing it to the second constitutional stage. The bill aims to formalize platforms as registered companies under the renamed Superintendence of Casinos, Betting and Games of Chance, with enhanced oversight and a framework to combat illegal gambling. It includes a 20% specific tax, a 2% levy for sports funding, and measures for player protection and game integrity.
The Dominican Republic Pensions Superintendency (SIPEN), in collaboration with Universidad Nacional Pedro Henríquez Ureña and AFP Reservas, has launched the Regulation, Investments, Workers and Savings (RITA) diploma programme. This initiative aims to train AFP Reservas professionals on the Dominican pension system's regulatory framework, investment management, and operational processes. The programme includes five modules on system benefits, supervision, and financial planning.
The Kuwait Capital Markets Authority signed a memorandum of understanding with the Financial Services Authority of Guernsey to enhance cross-border supervisory cooperation, including information exchange and joint inspections. The MoU outlines arrangements for document sharing, confidentiality, and mutual assistance in investigations. This agreement follows a January meeting aimed at establishing a regulatory framework for bilateral cooperation.
The Bank for International Settlements proposed an alternative AML compliance approach for cryptoassets on permissionless blockchains, using public transaction histories to generate AML scores for bitcoin or stablecoin balances, especially at fiat conversion points. The Bulletin notes the limited effectiveness of intermediary-based AML frameworks and highlights that stablecoins account for 63% of illicit transactions in 2024.
APRA, via Deputy Chair Margaret Cole, detailed expectations for superannuation's retirement phase, focusing on the Retirement Income Covenant and transparency. Retirement assets in APRA-regulated funds may reach AUD 3 trillion in 20 years, requiring better trustee support for member decisions. A joint APRA and ASIC survey shows 90% of trustees rate their progress as "good" or "very good." APRA is working with Treasury on a retirement reporting framework, with indicators for consultation and annual data publication from 2028. APRA also released retirement-phase product performance data in June, covering 600 investment options.
APRA Deputy Chair Margaret Cole emphasized at the Conexus Retirement Conference the focus on trustees' implementation of the Retirement Income Covenant and APRA's increased emphasis on the retirement phase of superannuation. APRA, with ASIC, is developing a retirement reporting framework, with annual data collection starting in 2028, and has published initial retirement-phase product data covering 600 multi-sector investment options.
Ghana's Ministry of Finance has appointed a new seven-member Governing Board for Ghana Amalgamated Trust PLC, chaired by Dr. Kwabena Donkor, with Abraham Tetteh as managing director. The Deputy Minister for Finance emphasized the government's strategy to invest in saving banks rather than spending over GHS 30 billion to collapse them. The board aims to ensure a financially sustainable banking sector, focusing on profitability and dividends.
The Tanzania Insurance Regulatory Authority emphasized the significance of agricultural insurance in a recently published article.
The Ukraine National Commission on Securities and Stock Market reported stable capital markets in its July 2025 digest, with government bonds driving trading activity. Organised-market turnover increased to UAH 76.3 billion, while unorganised-market volumes remained unchanged year on year. The Commission highlighted a 29.5% rise in commodity-exchange trading in H1 2025 and its efforts to enhance market transparency and investor confidence.
The Ukraine National Commission on Securities and Stock Market approved procedures for temporary administration of non-state pension funds and advanced rulemaking items, including amendments and invalidations of certain legal acts. It registered various securities issues and prospectuses, granted a capital markets licence to AMC GLOBAL VIEW CAPITAL LLC, and addressed compliance issues with AMC DIAMANT INVEST MANAGEMENT.
The Superintendence of Banks of Ecuador and the United Nations Office on Drugs and Crime held technical roundtables to update anti-money laundering and counter-terrorist financing rules, aligning with Ecuador's new Organic Law and international standards. Part of the DISRUPT project, the sessions focused on regulatory instruments and benchmarking against practices from Peru, Colombia, and Uruguay. A regional session is planned to enhance cross-border cooperation against financial crime.
Indonesia's Financial Services Authority (OJK) issued cybersecurity guidelines for digital financial asset trading providers, emphasizing secure-by-design and resilience-by-architecture principles. The guidelines advocate a zero-trust approach, layered authentication, and alignment with frameworks like ISO and NIST, stressing data protection and incident response planning. This initiative aligns with Law No. 4/2023, mandating OJK's oversight of financial sector technology innovation from January 2025.
The Securities and Exchange Commission of Pakistan has finalized amendments to the public offering regime, effective 6 August 2025, impacting equity securities, debt instruments, and REIT schemes. Key changes allow banks and development finance institutions to serve as Consultants to the Issue for equity offerings and replace the single book runner model with an "Eligible Participant" for IPO price discovery, enhancing transparency and investor participation.
The People's Bank of China reported that total social financing increased by CNY 23.99 trillion in the first seven months of 2025, CNY 5.12 trillion more than the same period in 2024. RMB loans to the real economy rose by CNY 12.31 trillion, while foreign-currency loans fell by CNY 72.5 billion. The central bank highlighted the expanded financial statistics perimeter since January 2023 to include certain non-deposit-taking banking institutions.
The Central Bank of the Republic of China reported preliminary end-July 2025 data showing total social financing to the real economy at CNY 431.26 trillion, a 9% increase year on year. RMB loans comprised 61.4% of the total, while government bonds accounted for 20.9%. The report also noted the inclusion of consumer finance companies, wealth management subsidiaries, and financial asset investment companies in the statistical coverage from January 2023.
ASIC has extended its relief from certain retail client obligations under the Corporations Act 2001 for insurers and brokers, where incidental retail cover is included within a wholesale insurance contract, for five more years. This aims to reduce compliance costs. The relief is conditional, ensuring the retail cover is genuinely incidental. ASIC found the instrument effective and will continue to monitor its appropriateness.
The Australian Securities & Investments Commission (ASIC) is reviewing Regulatory Guide 97 (RG 97) fee and cost disclosure requirements, particularly stamp duty payments in disclosure statements. Concerns include impacts on superannuation fund performance tests and property investment. ASIC aims to improve outcomes without compromising disclosure, collaborating with industry and Treasury, with findings due by 30 November.
At the Conexus Retirement Leaders Summit, ASIC Commissioner Simone Constant noted uneven implementation of the Retirement Income Covenant among superannuation trustees, identifying "leaders and laggards." A joint ASIC and APRA review found 20% of trustees unable to track their assistance's success. Research showed low retirement readiness among Australians aged 50–66, with only 33% confident of a comfortable retirement. Full findings are expected in September 2025, with ongoing follow-up on trustees' obligations.
The Federal Court ordered National Australia Bank (NAB) and AFSH Nominees Pty Ltd to pay AUD 15.5 million for not responding to 345 financial hardship applications within 21 days from 2018 to 2023, breaching the National Credit Code. They must also publish an adverse notice, notify affected customers, and cover ASIC’s costs. The delay was due to staff misuse of a system function.
Jon Godfread, President of the National Association of Insurance Commissioners, discussed US state insurance regulators' responses to consumer issues in a live Fox Business interview. Key topics included catastrophe response, property and casualty insurance affordability, and AI regulation in insurance. The interview coincided with the final day of the NAIC Summer National Meeting, emphasizing consumer protection in the evolving insurance market.
The Bank of Lithuania reported a widening current account surplus to EUR 475.9 million in June 2025, up from EUR 132.5 million in May, due to a smaller primary income deficit and reduced goods trade deficit. The goods trade deficit decreased by 40.4% to EUR 362.2 million, while the services balance surplus fell by 9.3% to EUR 905.6 million. Net financial account investment was negative at EUR 88.7 million, with negative other and direct investments offset by positive portfolio investment.
The Bank of the Lao hosted a seminar with the Central Bank of Malaysia on managing foreign currency flows. The session, chaired by Manola Mueangmani, covered Malaysia's foreign exchange policy, MYR usage, cross-border cash oversight, and financial transaction reporting. Practical lessons and challenges were also discussed.
The Hong Kong Monetary Authority released the Exchange Fund Advisory Committee Currency Board Sub-Committee meeting record and a report on Currency Board operations from 17 April to 20 June 2025. The Hong Kong dollar traded between 7.7500 and 7.8499 against the US dollar, with the strong-side Convertibility Undertaking triggered four times, leading to HKD 129.40 billion sales and an Aggregate Balance increase to HKD 174 billion. The Sub-Committee noted smooth market operations, softened interbank rates, and highlighted risks from global market volatility, US tariffs, and Mainland China policy easing.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan issued guidance for bank customers on reasons for account blocking and steps to restore access. Common causes include suspected fraud, public authority requests, technical issues, and arrears. Customers are advised to check bank notifications, contact the bank for clarification, verify debts, and maintain updated personal data.
The Isle of Man Financial Services Authority is consulting on amendments to the Retirement Benefits Schemes Act 2000, aiming to strengthen the regulatory framework for pension schemes and providers. Proposed changes include revisions to the Financial Services Act 2008 and the Insurance Act 2008. Consultation documents are accessible via the Isle of Man Government Engagement Hub.
The Brazilian Superintendence of Private Insurance (SUSEP), represented by Superintendent Alessandro Octaviani, participated in the XVI Risk and Insurance Management Seminar in São Paulo. Octaviani highlighted significant changes introduced by Law No. 15.040 of 2024, enhancing insurance contracts and supporting sector growth. The seminar also addressed climate events, credit risk, ESG management, governance, data protection, and specific insurance lines.
The Central Bank of Bosnia and Herzegovina has joined the Alliance for Financial Inclusion, a global network aimed at advancing financial inclusion and developing inclusive financial policies. This membership provides access to AFI's resources and initiatives, focusing on digital financial services, inclusiveness, and financial education, supported by the European Bank for Reconstruction and Development and the European Fund for South East Europe.
The Central Bank of Iraq and the International Finance Corporation plan to sign a memorandum of understanding to enhance training for Iraqi banking staff. Discussions also included establishing a leasing finance company and implementing a banking reform plan with Oliver Wyman to align with international standards.
The Central Bank of Iraq, with the International Labour Organization and the Iraqi Company for Bank Guarantees, reported the AFAC programme's success in aiding internally displaced persons and host communities via guaranteed lending, business training, and job creation, achieving a 100% repayment rate. The initiative, involving USD 1 million in ILO guarantees and training for 2,981 entrepreneurs, expanded to Basra and Muthanna and facilitated partnerships with entities like the German Development Bank.
The Brazilian Pension Funds Authority (PREVIC) plans a 2025 public consultation to amend its regulatory framework for closed pension funds under Resolution PREVIC 23/2023. This will address provisions to align with changes from the National Council of Complementary Pensions and the National Monetary Council, including rules on the Administrative Management Plan, sponsor withdrawal, and ESG investment. PREVIC aims to balance updates with regulatory stability through annual consultations.
The Central Bank of Brunei Darussalam released the Business Sentiment Index for June 2025, showing neutral sentiment with a Current Business Conditions sub-index of 50.0 and a slight rise to 50.4 for the one-month-ahead index. Mixed conditions were due to school holiday boosts and promotional activities, offset by subdued domestic demand and operational disruptions. Sector results varied, with Transport and Communication at 50.8 and Health and Education at 49.4, while small firms recorded 50.5, and micro and large firms were at 50.0.
The Central Bank of Brunei Darussalam issued an education note for National Financial Literacy Day 2025, offering guidance on responsible loan and financing management. It emphasizes understanding debt burdens, repayment strategies, and credit health, recommending a Total Debt Service Ratio under 35% of monthly income. The note also advises on prioritizing debt repayment methods and checking credit reports to mitigate identity-theft risks.
The Slovenia Securities Market Agency has launched a public consultation on two draft general acts under the Investment Funds and Management Companies Act (ZISDU-3). The drafts address the definition and categorization of investment funds and reporting requirements for management companies, including those from EU Member States. Key proposals specify UCITS types, introduce additional liquid assets, and detail reporting content and formats.
The Bank for International Settlements published a BIS Bulletin proposing an alternative anti-money laundering model for cryptoassets that leverages public blockchain transaction histories and applies safeguards at fiat conversion “off-ramps,” rather than relying on “trusted intermediaries.” The note highlights that stablecoins are the dominant vehicle for illicit crypto activity, outlines how an “AML compliance score” could be constructed for bitcoin and stablecoins using allow- and deny-lists and varying stringency levels, and stresses the need to clarify duties of care and enhance cross-border regulatory cooperation.
The Vietnam State Securities Commission announced updates on a draft decree amending Decree No. 155/2020/ND-CP, focusing on foreign ownership ratios, clearing and settlement, and trading accounts. Deputy Prime Minister Ho Duc Phoc emphasized safeguarding business rights and sustainable development, with the Ministry of Finance tasked with refining the draft. The decree, prepared under expedited procedures, was approved by 23 of 24 government members.
The Vietnam State Securities Commission requires individuals listed in a notice to pay a VND 1,000,000 fee for securities practising certificates to complete licensing. Payments can be made via bank transfer to specified banks or directly at the Commission, following the Ministry of Finance’s Circular 25/2022/TT-BTC. Failure to complete procedures within one year will result in certificate cancellation.
The Central Bank of Estonia released its monthly flash estimate of the balance of payments, noting it relies on a smaller, partly subjective database compared to the quarterly report. The estimate incorporates available data from administrative sources and international payments, with adjustments made upon the quarterly release.
The Brazil Securities Commission (CVM) rejected settlement agreements in three administrative sanctioning proceedings, following negative recommendations from the Term of Commitment Committee. The cases involve alleged fraudulent securities operations, failure to file registration forms, and omissions in disclosure related to significant share acquisitions. Consequently, the enforcement proceedings remain open.
The Brazil Securities Commission (CVM) has renewed technical cooperation agreements with the Military Public Prosecutor’s Office and the Federal Public Prosecutor’s Office. The agreements aim to enhance the exchange of technologies, knowledge, and databases, including CVM's access to the Banking Movements Investigation System.
The Guernsey Financial Services Commission issued a sanctions notice correcting the entry for Marko Petrovic under the UK Irregular Migration and Trafficking in Persons Sanctions Regulations 2025. Businesses are reminded to freeze assets of designated persons, report findings to the States of Guernsey Policy & Resources Committee, and notify the Commission of any affected relationships in compliance with statutory reporting requirements.
The Swiss National Bank has unveiled twelve designs for Switzerland’s new banknote series and initiated a public survey for evaluation. The top six designs will proceed to a second phase involving cooperation and commercial considerations. The winning design will be announced in early 2026.
The National Bank of Poland reported a current account surplus of PLN 2.8bn in June 2025, reversing a deficit of PLN 0.6bn from June 2024. This shift was driven by surpluses in services (PLN 15.9bn) and trade in goods (PLN 0.3bn), despite deficits in primary income (PLN 12.0bn) and secondary income (PLN 1.4bn). Goods exports increased by 0.7% to PLN 119.5bn, while imports decreased by 1.4% to PLN 119.2bn, due to lower oil prices and reduced industrial activity.
The European Central Bank Banking Supervision's review of SME lending found significant disparities in crisis preparedness due to limited automation and IT infrastructure. Covering 14 significant and four less-significant German banks, it noted high sectoral concentration in SME portfolios and a higher non-performing loan ratio for SMEs compared to the total non-financial corporate portfolio. Issues included delayed borrower information retrieval, outdated ratings, and inadequate early warning systems, with minimal differences between large and smaller banks' approaches.
The European Central Bank Banking Supervision updated its guide to internal models, aligning with Regulation (EU) 2024/1623 (CRR3) and clarifying the assessment of banks' internal models for own funds requirements. The update introduces new supervisory expectations on data governance, machine learning, and credit risk models, while highlighting a trend towards simplification in rating systems and modelled exposures. Proactive internal model investigations will increase, focusing on areas of concern and ensuring robust internal controls.
The Egypt Financial Regulatory Authority's June 2025 report details EGP 640.1 billion in total financing across capital markets and non-banking financial services. Key figures include EGP 334.8 billion in equity issuances and EGP 84.4 billion in financial leasing contracts. The Movable Collateral Registry recorded EGP 3.7 trillion in asset registrations, while insurance premiums collected amounted to EGP 56.8 billion.
Moldova's National Commission for Financial Markets reminds minority shareholders of their right to require issuers to buy their shares when additional issuances exceed 25% of share capital, per the Law on Joint Stock Companies. This follows transactions by companies like ALBINUȘA-II, EDIFICIU, CRIO IZVORUL, and JLC. The buyback price, based on net asset value per share, is determined by the companies' censors commissions, with specific values provided for each company.
The Chile Financial Market Commission sanctioned four securities issuers for failing to submit financial statements on time, breaching disclosure duties. Under Exempt Resolution No. 7,730, Sudmédica Quillota S.A. was fined UF 350, while Unión Inmobiliaria S.A., Andacor S.A., and Inmobiliaria Yugoslava S.A. each received fines of UF 150.
The U.S. Securities and Exchange Commission has introduced an online statistics and data visualization page offering interactive market indicators for U.S. capital markets. It features metrics on IPOs, exempt offerings, corporate bonds, and more, presented through various chart formats and geographic heat maps. The page includes a statistics table, metric guide, and download options for underlying data.
The Bank of Canada awarded a joint Canada Border Services Agency and Royal Canadian Mounted Police team for their efforts in preventing bank note counterfeiting. The team disrupted counterfeit smuggling operations, leading to a significant arrest in Nova Scotia. This award, presented annually since 2004, underscores interagency cooperation in safeguarding Canada's financial security.
The National Bank of Romania released provisional data for January to June 2025, showing a current account deficit increase to EUR 13,897 million from EUR 11,682 million in the same period in 2024. Non-resident direct investment rose to EUR 2,779 million, while total external debt increased by EUR 7,480 million to EUR 212,373 million. The goods deficit widened, the services surplus grew, and the primary income deficit narrowed.
The National Bank of Romania has begun publishing the "Personal remittances" indicator in its interactive database, offering quarterly data from 2013 to Q2 2025. This indicator includes workers' transfers and net compensation of employees, detailing receipts and payments for the top 10 partner countries. The data is supplemented with charts illustrating quarterly trends and the annual geographic distribution of inbound remittances.
The State Bank of Vietnam reviewed its 2020–2025 performance and set 2025–2030 priorities, emphasizing flexible monetary policy coordination with fiscal policy, institutional reform, and digital transformation. Achievements include legal reforms, interest rate stabilization, and progress in cashless payments. Future priorities focus on banking legislation, foreign exchange policy, non-performing loan resolution, and expanding the national credit information database.
The Argentina Securities Commission (CNV) issued General Resolution No. 1079, allowing term "pase" transactions on individually issued negotiable securities eligible for trading on authorized markets. This change aims to enhance liquidity and support SME funding by expanding the range of instruments, including post-dated checks and MiPyME electronic credit invoices. Amendments also permit pase transactions in bilateral trading segments, broadening funding and investment options.
The Argentina Superintendency of Insurance has prohibited four individuals from holding positions in the administrative, supervisory, or senior management bodies of insurance and reinsurance entities. The individuals affected are Alberto Oscar De Anso, Santiago Arrizabalaga, Verónica Alves de Brito, and Andrés Martín Pérez Pasarín. These measures aim to enhance transparency and proper administration within the sector.
The National Bank of Moldova reported a decline in the national economy's net financial worth to -MDL 100.0 billion as of 31 March 2025, down from -MDL 91.1 billion at the end of 2024, with liabilities rising faster than assets. Households remained net creditors but saw a 1.8% decline, while non-financial corporations had the largest net debtor position at -MDL 285.5 billion. Total economy-wide debt reached MDL 629.3 billion, or 191.5% of GDP, with significant external borrowing by the general government and non-financial corporations.
The National Bank of Moldova has launched an "experimental statistics" section, releasing initial quarterly financial accounts for Q1 2025. The data shows a net financing requirement of -MDL 18,326 million, a deterioration of MDL 8,813 million from Q1 2024, equating to 5.6% of GDP. The experimental release includes detailed matrices and methodologies, with plans to refine and integrate findings into official statistics based on user feedback.
The National Bank of Moldova's Q2 2025 update shows a continued rise in Chișinău's residential property prices, albeit slower, with the RPPI at 222.0. Despite a 34.4% drop in total residential transactions, the mortgage-financed share rose to 71.6%, driven by a 77.8% increase in Prima Casă Plus mortgage lending. The central bank emphasized its ongoing monitoring of real estate developments and readiness to use macroprudential tools to manage systemic risks.
The Isle of Man Treasury updated the UK Sanctions List under the Global Irregular Migration and Trafficking in Persons regime, affecting one designation subject to an asset freeze. The amendment concerns Marko Petrovic, linked to the Kavac Gang, involved in passport procurement for unlawful entry into Balkan and Turkish countries. Entities must freeze assets immediately upon identification, report suspected breaches, and consider indirect control by designated persons.
The Single Resolution Board (SRB) has launched a public consultation on updated operational guidance for banks regarding separability and transferability in resolution. The revisions include an operational framework for transfer playbooks and an annex on testing strategies, aiming to enhance efficiency without introducing new deliverables. The SRB will engage with the banking industry and stakeholders in September to discuss the proposals.
The Central Bank of the UAE and the Bank of South Sudan signed a memorandum to cooperate on security printing, payment card solutions, and knowledge exchange. UAE's Oumolat will provide banknote security printing, while Al Etihad Payments will help develop South Sudan's payment card system in two phases, focusing on transaction processing and infrastructure. The agreement includes information sharing and training for South Sudanese banking personnel.
The Belgium Financial Services and Markets Authority reached a settlement with Mylecke SA, mandating a payment of EUR 17,500 and the publication of the firm's name on the FSMA website. The press release is available on the FSMA’s French and Dutch sites.
Chile’s Ministry of Finance shared insights from Capital Markets Coordinator Alejandro Puente on the Pension Reform's impact. Expected outcomes include deeper capital markets, a shift to long-term investing, and increased pension system certainty. Puente projected pension fund assets could rise by 10% of GDP over 20 years, with phased implementation starting in 2027 and a Financial Stability Council working group addressing potential risks.
The Central Bank of the Republic of Kosovo's 21st Financial Stability Report affirms the resilience and stability of the financial system amid global economic uncertainties. Kosovo's economy grew by 4.4% in 2024 with inflation at 1.6%, and forecasts for 2025 predict 4.1% growth and 3.3% inflation. The report highlights a stable fiscal position, a widening current account deficit, and robust bank credit growth, with financial soundness indicators within norms.
The Financial Superintendence of Colombia (SFC) has launched the “¡Alerta! Ofertas fraudulentas” microsite to help consumers identify and avoid fraudulent investment and credit offers. It covers pyramid schemes, cryptoasset and forex scams, unauthorised insurance activity, and fake lenders, providing definitions, recommendations, and reporting guides. This follows the SFC's issuance of 13 administrative measures against illegal deposit-taking activities affecting 938 people for at least COP 30,678 million between 2024 and mid-2025.
The Central Bank of Colombia announced the Unidad de Valor Real (UVR) values for 16 August to 15 September 2025, as detailed in Board of Directors Bulletin 31 of 2025, pursuant to External Resolution 13 of 2000.
The Superintendency of Banks of Panama met with the United States Ambassador to discuss regulatory cooperation, technical assistance, and correspondent banking relationships. The meeting emphasized the importance of the U.S. as Panama’s main trading partner and the strength of Panama’s banking system. Cooperation and technical assistance were identified as priorities for enhancing transparency and financial-sector soundness.
The European Banking Authority released a report on supervisory technology (SupTech) in AML/CFT supervision, highlighting its role in the new EU framework. It notes 47% of SupTech tools are operational, with benefits like improved data quality and risk identification, but challenges remain in resources and data governance. The EBA will continue supporting national authorities and the Anti-Money Laundering and Countering the Financing of Terrorism Authority in enhancing technology use.
The Tanzania Insurance Regulatory Authority and CRDB Bank have agreed to finalize agricultural insurance regulations and enhance specialist skills in Tanzania. This agreement follows a 2024 memorandum of understanding focused on agricultural policy reform, insurance product development, and capacity building.
The Bank of Italy released updated statistics on international tourism in Italy as of May 2025, based on its long-standing survey of resident and non-resident travellers at Italian borders.
Indonesia's Financial Services Authority (OJK) hosted the National Forum of Financing Services and Microfinance 2025 in Jakarta, focusing on expanding funding access for productive sectors and MSMEs. OJK emphasized the need for tailored regulation and supervision due to increased risk and complexity from innovation in financing and microfinance, aligned with Law No. 4 of 2023. The forum outlined steps to finalize industry roadmaps and advance deregulation efforts, with the segment's assets and financing disbursements growing year-on-year.
Indonesia’s Financial Services Authority (OJK) launched Cybersecurity Guidelines for Digital Financial Asset Trading Platform Operators at OJK Digination Day 2025 to enhance platform resilience and consumer protection. The event reviewed Financial Sector Technology Innovation developments and marked two years since OJK's supervisory function establishment for Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets. Highlights included a strategic talkshow on market deepening and a mock-up project with the International Labour Organization to digitise the dairy industry ecosystem.
Indonesia's Financial Services Authority (OJK) and the Corruption Eradication Commission (KPK) have launched the Integrity Builder Expert certification programme to enhance OJK's internal integrity and anti-corruption efforts. The initiative aligns with OJK's core functions and includes an Anti-Fraud Strategy with measures like fraud risk assessments and a whistleblowing system. OJK plans to expand collaboration with a PAKSI certification programme for 50 employees in November 2025.
Indonesia's Financial Services Authority (OJK) reported on a Training of Trainers session under its OJK PEDULI programme, aimed at enhancing financial literacy among women entrepreneurs and MSMEs. Conducted with the Indonesian Women Entrepreneurs Association (IWAPI), the initiative aligns with Indonesia’s National Strategy for Financial Literacy 2021–2025. The Jakarta session involved over 500 IWAPI members and aims to create a network of women MSME "financial literacy ambassadors."
Bermuda's Ministry of Finance hosted a Digital Finance Roundtable and launched the Bermuda Stablecoin Association (BSA) to advance its digital finance agenda. The roundtable included the Bermuda Monetary Authority and industry stakeholders to discuss priorities for regulated digital assets and stablecoins. The BSA aims to support stablecoin adoption and institutional standards through working groups on compliance, technical standards, policy engagement, and public education.
In the second half of FY25, the Australian Securities & Investments Commission (ASIC) took action against 28 self-managed superannuation fund auditors, totaling 48 actions for the year. These addressed breaches in independence, auditing standards, and statement lodgement. From January to June 2025, ASIC disqualified three auditors, imposed conditions on 12, and cancelled 13 registrations. Overall, FY25 saw seven disqualifications, three suspensions, 14 conditions, and 24 cancellations. Auditors can appeal to the Administrative Review Tribunal.