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2025-08-11•Canada•Financial Transactions and Reports Analysis Centre of Canada
The Royal Canadian Mounted Police’s Federal Policing Northwest Region reported a coordinated ATM fraud at casino-based ATMs in Edmonton, leading to money laundering and fraud charges. FINTRAC supported the investigation, uncovering over CAD 1 million in losses and resulting in additional drug trafficking charges. Six search warrants revealed evidence of fraud, money laundering, and cocaine possession, prompting an Alberta-wide arrest warrant for a fifth individual.
EnforcementInvestigations & enforcement actionsFraud and scamsAML and CFT
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2025-08-11•United Kingdom•HM Treasury
HM Treasury's policy statement on the UK's Appointed Representatives regime confirms plans to maintain its broad scope while reforming principal oversight and consumer redress. Key changes include requiring authorised firms to obtain Financial Conduct Authority permission before appointing ARs and extending the Financial Ombudsman Service's jurisdiction for direct AR investigations. The government will consult on the detailed design of these reforms.
Policy & regulationReform agendas & prioritiesOther
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2025-08-11•Chile•Central Bank of Chile
The Central Bank of Chile, in collaboration with INACAP, has concluded the semifinal phase of its Financial Education Olympics, a student competition marking the BCCh centenary. Twenty-eight school teams participated, with BCCh officials attending events across six regions. Seven teams will advance to the national final in October at the BCCh's institutional building.
Financial literacy & educationFinancial literacy and education
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2025-08-11•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets reported a 33.8% increase in primary-market issuance volumes to MDL 427.19 million for January–June 2025, despite a decrease in the number of issues. Secondary-market turnover fell 22.43% to MDL 812.38 million, with off-exchange activity dominating transactions. Notably, foreign direct investment in share capital rose significantly, driven by Romanian and German investors.
Data & statisticsFinancial and market indicators
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2025-08-11•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has initiated registrations for joint workshops with the private sector as part of its Market Development Agenda. These workshops aim to contribute to a Policy Document on the Modernization of the Chilean Capital Market, scheduled for release in the first half of 2026. The sessions will address corporate governance, financing for small businesses, savings promotion, and capital market infrastructure.
Policy & regulationImplementation, projects & pilotsCorporate governance
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2025-08-11•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority released its second annual Consumer Complaints and Investigations Report, noting it closed more complaints than received from 1 April 2024 to 31 March 2025. Real estate complaints increased by 14%, and insurance enforcement collections rose from CAD 30,000 to CAD 200,000.
SupervisionReviews, inspections & stress testsComplaints and dispute resolution
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2025-08-11•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) released its second annual Consumer Complaints and Investigations Report, detailing complaint handling and compliance outcomes from April 2024 to March 2025. The report notes 1,890 complaints received and 2,077 closed, with real estate complaints rising 14% and insurance compliance agreements increasing, resulting in CAD 200,000 collected. An "at a glance" visual summary accompanies the report.
SupervisionReviews, inspections & stress testsComplaints and dispute resolution
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2025-08-11•Canada•Bank of Canada
The Bank of Canada's Q2 2025 Market Participants Survey indicates modest GDP growth and inflation near 2% through end-2025. Respondents noted a negative output gap and a non-trivial recession probability, with median forecasts of 0.8% GDP growth at end-2025 and 1.8% at end-2026. Upside risks include easing trade tensions and fiscal stimulus, while downside risks involve increased trade tensions and weaker consumer spending and housing markets.
Data & statisticsEconomic data and developments
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2025-08-11•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and the Bank of Korea signed a memorandum of understanding on cooperation and technical support for central banking operations. This agreement was part of a broader package of Vietnam–Korea bilateral cooperation documents exchanged during Vietnam’s state visit to South Korea.
Policy & regulationCooperationOther
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2025-08-11•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) and the National Social Security Administration (ANSES) signed a cooperation agreement to enhance collaboration and develop joint financial education activities. The agreement includes mutual assistance in CNV’s financial education programme and CNV’s participation in the "ANSES goes to your workplace" initiative.
Policy & regulationCooperationDomestic cooperation
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2025-08-11•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
FINMA announced that Switzerland's Federal Department of Economic Affairs, Education and Research has expanded Russia-related sanctions lists, aligning with the EU's 18th sanctions package. Financial intermediaries must implement prohibitions, freeze assets, and report to SECO, while fulfilling obligations under the Anti-Money Laundering Act for further clarifications and reporting.
Policy & regulationRules & requirementsSanctions list update
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2025-08-11•South Korea•Bank of Korea
The Bank of Korea and the State Bank of Viet Nam have signed a revised memorandum of understanding, updating the original agreement from 2004.
Policy & regulationCooperationCross-border cooperation
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2025-08-11•Bhutan•Royal Monetary Authority of Bhutan
The Royal Monetary Authority of Bhutan has revised the Single Minimum Lending Rate (MLR) to 6.11% for June 2025, down from 6.38% in December 2024, consistent with its 2016 circular.
Monetary policyPolicy rate decisionsAML and CFT
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2025-08-11•Moldova•National Bank of Moldova
The National Bank of Moldova is amending its regulation on electronic customer identity verification to align with updated anti-money laundering and counter-terrorism financing laws. This initiative seeks to harmonize Regulation No. 281/2024 with Article 51(1) of Law No. 308/2017, as revised by Law No. 144/2025.
Policy & regulationRules & requirementsKYC
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2025-08-10•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority approved Saudi Industrial Development Company's SAR 165 million capital increase via a rights issue for shareholders registered at the Security Depository Center post-extraordinary general assembly meeting. The meeting date, offering price, and number of shares will be announced later. The CMA stressed its approval confirms legal compliance, not a subscription recommendation, advising investors to review the prospectus and consult financial advisers.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-10•Israel•Bank of Israel
Bank of Israel Governor Prof. Amir Yaron presented a report to enhance competition in Israel's retail banking by reducing entry barriers, easing licensing for nonbank entities while maintaining standards. It recommends a tiered approach to address compliance costs and financial backing, aiming to introduce new participants and complement ongoing reforms like open banking and immediate payments.
Policy & regulationReform agendas & prioritiesCompetition and market structure
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2025-08-10•Israel•Bank of Israel
The Bank of Israel announced that the Citizens of Israel Fund (CIF) was named "Fund of the Month" by Global SWF, recognizing its strategic shift toward private market investments while maintaining macroeconomic stability. CIF, which began operations in June 2022 with NIS 1 billion in resource revenues, follows a 70% equities and 30% debt benchmark and completed its first private investment in July 2025.
Other
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2025-08-10•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has approved Saudi Industrial Development Company's capital increase through a SAR 165 million rights issue. Eligibility is limited to shareholders recorded at the Securities Depository Center two days post the extraordinary general assembly meeting, with details on the offering price and shares to be determined subsequently. The rights issue prospectus will be released to the public later.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-10•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission's Secretary-General visited hospitals in Ubon Ratchathani to support those injured in Thai-Cambodian border unrest and instructed local offices to expedite insurance benefits for affected individuals. The visit included reviewing medical treatment updates and emergency preparedness. Regional offices were directed to ensure victims receive full and timely insurance protection and benefits.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-10•Jordan•Central Bank of Jordan
The Central Bank of Jordan is offering 24 scholarships for outstanding high school students to pursue bachelor's degrees in economics, cybersecurity, accounting, or finance at Jordanian public universities, with applications open from 10 to 21 August 2025. Eligibility requires Jordanian nationality, a minimum 95% average in the scientific stream, and other specific conditions outlined on the Central Bank's website.
Institutional developmentWorkforce & recruitmentHiring and recruitment
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2025-08-10•Oman•Oman Financial Services Authority
The Oman Financial Services Authority issued a regulation for the Alternative Investment Market (AIM) under Royal Decree No. 18/2025, detailing listing rules for SMEs, start-ups, and specialised funds. The framework includes listing procedures, capital requirements, investor restrictions, and disclosure obligations. It aims to expand financing options, strengthen corporate governance, and improve liquidity and transparency in Oman’s capital markets.
Policy & regulationRules & requirementsSecurities offerings and listingsCorporate governance
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2025-08-10•Bahrain•Central Bank of Bahrain
The Central Bank of Bahrain announced the launch of its graduate development programme, GP15, aimed at training 15 Bahraini graduates through a six-month pathway aligned with global best practices. The programme includes project-based work, mentoring, directorate rotations, and participation in financial events to enhance understanding of regulatory strategies and banking policies.
Institutional developmentWorkforce & recruitmentOther
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2025-08-10•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority’s Establishment and Licensing Committee approved the incorporation of several entities and granted new authorizations in non-banking financial activities. Approvals include Sadara Holding, Taqa for Financial Investments, BFI Cash for Factoring, and Tex Fund for private equity activities. Commercial International Brokerage and Arab Financial Securities Brokerage received permissions related to government securities and same-session trading.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-10•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority renewed Dr Mohamed Farid's mandate as chair for one year, effective 7 August 2025. Farid emphasized modernizing the non-banking financial services sector, focusing on technology, sustainability, and new products to attract investment. Key priorities include updating digital and legislative infrastructure, activating the voluntary carbon market, and enhancing the societal impact of regulatory decisions.
Institutional developmentLeadership change & appointmentsOther
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2025-08-10•Egypt•Central Bank of Egypt
The Central Bank of Egypt's July 2025 inflation update shows a decrease in annual urban headline CPI inflation to 13.9% from 14.9% in June, while annual core CPI inflation rose slightly to 11.6% from 11.4%. Monthly urban headline CPI inflation was negative 0.5%, and monthly core CPI inflation was negative 0.3%.
Data & statisticsEconomic data and developments
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2025-08-09•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) is promoting insurance uptake among farmers, livestock keepers, and fishers to safeguard against disasters, supported by public education and government investment. TIRA highlighted that 15 companies offer agricultural insurance, with a pooled fund facilitating affordable coverage and efficient payouts, as demonstrated by TZS 2 billion in claims paid to tobacco farmers in Tabora. The Insurance Disputes Mediator encourages consumers to use alternative dispute resolution for complaints.
Financial literacy & educationOther
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2025-08-09•Georgia•National Bank of Georgia
The National Bank of Georgia reported S&P Global Ratings affirmed Georgia’s sovereign credit rating at ‘BB’ with a “Stable” outlook, citing structural reforms and prudent policies. S&P noted increased international reserves due to strategic net purchases and strong tourism revenues, and assessed the banking sector as resilient with high capitalization and liquidity. The agency forecasted 3.7% inflation in 2025 and raised GDP growth projection to 7.1%.
ResearchCredit ratings
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2025-08-09•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) clarified that the Thailand–Cambodia border clashes do not constitute "war" for insurance policy exclusions, advising insurers to specify applicable perils when denying coverage. The OIC confirmed that ex gratia payments are permissible under good-faith underwriting discretion without breaching statutory prohibitions. It offered to mediate between insurers and policyholders where coverage interpretation is uncertain.
Policy & regulationGuidance & interpretationOther
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2025-08-09•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission announced provincial-level results for "Insurefluencer the new GEN 2025," a youth competition promoting risk management and financial literacy among students. From 207 schools, 69 teams advanced to the regional stage, judged on insurance training, content integration, and community outreach. Provincial winners receive a THB 5,000 grant and electronic certificate.
Financial literacy & educationOther
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2025-08-09•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has authorized the corporate name change of Rural Bank of San Jose (Camarines Sur), Inc. to BANCO SAN JOSE (CAMSUR), INC. - A RURAL BANK. The Bangko Sentral ng Pilipinas granted this authorization on 10 April 2025, with the Securities and Exchange Commission approving the amended corporate documents on 11 July 2025.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-09•Oman•Oman Financial Services Authority
The Oman Financial Services Authority has appealed a court ruling that acquitted three board members of Sweets of Oman SAOG in a case involving serious violations. The FSA contends the acquittal conflicts with Article 18 of the Commercial Companies Law, which mandates joint liability for board members in cases of company losses due to mismanagement.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-08-09•Oman•Oman Financial Services Authority
The Oman Financial Services Authority organized an awareness platform at the Khareef Dhofar 2025 festival to enhance financial and insurance literacy among children and youth. The initiative featured storytelling, competitions, and workshops to simplify financial concepts and promote saving habits, while also highlighting the roles of the Muscat Stock Exchange and the Muscat Clearing and Depository Company.
Financial literacy & educationFinancial literacy and education
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2025-08-09•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC issued a cease and desist order against Fuse Lending, Inc. for using the former name of Fuse Financing, Inc. without a required SEC license. The SEC found Fuse Lending unregistered and lacking a secondary license, violating Republic Act No. 9474 and Republic Act No. 11765. The order mandates an immediate halt to all lending activities by Fuse Lending and its affiliates.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-09•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC suspended Sumulong Financing Inc.'s certificate for 60 days, affecting GoPeso, Fast Peso, and Fundly. The SEC found the firm violated Memorandum Circulars by operating Fundly without approval for an amended business plan and omitting required contact information, resulting in a PHP 10,000 penalty.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-08-09•United States•Federal Reserve Board
Federal Reserve Board Vice Chair for Supervision Michelle W. Bowman advocated for gradually lowering the federal funds rate and outlined priorities for community bank regulatory reform, including potential changes to the community bank leverage ratio. She dissented from the Federal Open Market Committee's decision to maintain the policy rate, citing inflation trends and labor market fragility. Bowman also highlighted reviews of supervisory practices and a coordinated strategy to address payments and check fraud.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
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2025-08-09•Argentina•Central Bank of Argentina
The Central Bank of Argentina published an article by President Javier Gerardo Milei challenging exchange rate "pass-through" narratives post-foreign exchange market liberalization, emphasizing inflation as a monetary phenomenon driven by money supply and demand. Milei argues that the co-movement between exchange rates and prices is a statistical illusion, with inflation expected to resolve by mid-2026 following a phased monetary policy adjustment. He warns that "money overhang" from price and capital controls may extend the adjustment period.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-08-09•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama convened the fifth supervisory college for the BiCapital Corporation Group, focusing on cross-border oversight and risk management. The meeting aimed to enhance supervisory coordination, technical exchanges, and understanding of the conglomerate’s corporate governance and control mechanisms. Delegations from Guatemala, Honduras, El Salvador, and Panama participated.
SupervisionCooperationCross-border cooperation
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2025-08-08•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has approved José Alberto Marques Ferreira as an external auditor in his individual capacity.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-08•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama updated on the Sustainable Finance for Development initiative, integrating ESG criteria into financial regulation in Central America, the Dominican Republic, and Colombia. Led by the Central American Council of Superintendents of Banks and supported by the International Finance Corporation, it developed methodologies for climate and social risks, including a regional green finance taxonomy. Pilot exercises identified risk exposures in bank portfolios, producing national roadmaps for risk supervision aligned with international standards.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-08-08•Europe•European Banking Authority
The European Banking Authority (EBA) released final draft Implementing Technical Standards amending the EU regulation on supervisory benchmarking for 2026, focusing on narrowing market risk data collection to the alternative standardised approach (ASA) for banks with internal model approval. Due to delays in adopting the Fundamental Review of the Trading Book (FRTB), templates based on the alternative internal model approach (AIMA) remain unimplemented. For credit risk, the EBA aligned benchmarking definitions with amended supervisory reporting standards following Basel III implementation.
Policy & regulationRules & requirementsSupervisory data
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2025-08-08•Global•Bank for International Settlements
The Bank for International Settlements released a working paper estimating trading frictions and welfare losses in UK government and corporate bond markets using a two-asset search-and-bargaining model. The study finds larger trading delays and welfare losses in corporate bonds, with normal condition losses at 2.38% for government bonds and 5.05% for corporate bonds, primarily due to search-related delays. During crises, welfare losses could more than double, significantly impacting corporate bonds.
ResearchMarket development
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2025-08-08•Ukraine•Ukraine National Commission on Securities and Stock Market
Ukraine’s National Commission on Securities and Stock Market (NSSMC) updated its financial sector development strategy and 2025 rulemaking plan, amending rules on financial statements and share issue regulations. It approved a draft law on property appraisal and aligned sanctions with the US Office of Foreign Assets Control. Additionally, the NSSMC made key appointments, registered share issues for several companies, and terminated a licence for FC EXKOMBUD-INVEST LLC.
Policy & regulationRules & requirementsMarket development
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2025-08-08•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus reported a decrease in the Non-Performing Loans (NPLs) ratio to 5.9% as of 30 April 2025, down from 6.1% at the end of March 2025, driven by repayments and positive loan movements. The coverage ratio for Non-Performing Exposures (NPEs) rose slightly to 60.7%, with total restructured loans at EUR 1.3 billion, of which EUR 0.7 billion are still classified as NPEs.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-08•Nigeria•Nigeria Securities & Exchange Commission
The Nigeria Securities and Exchange Commission released a court order and litigation documents concerning its enforcement action against Crypto Bridge Exchange (CBEX).
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-08•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group (EFRAG) has initiated a cost-benefit analysis, including an online survey, to evaluate proposed simplifications to the European Sustainability Reporting Standards (ESRS). This analysis, requested by the European Commission, aims to streamline ESRS while maintaining the EU Green Deal's core objectives. Stakeholder engagement is sought from entities under the Corporate Sustainability Reporting Directive and other market participants.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
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2025-08-08•Nigeria•Nigeria Securities & Exchange Commission
The Nigeria Securities and Exchange Commission has issued a court order and litigation documents in the case SEC v Crypto Bridge Exchange (CBEX) and 22 others, under matter IST/OA/04/2024.
EnforcementInvestigations & enforcement actionsOther
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2025-08-08•Indonesia•OJK
Indonesia’s Financial Services Authority (OJK) held a Digital Financial Literacy event in Tegal to boost financial literacy and inclusion for MSMEs under the GENCARKAN programme. The initiative aids consumer protection by helping the public identify legitimate financial services and avoid scams. The event is part of a broader strategy prioritising MSMEs, which significantly contribute to Indonesia's GDP and employment.
Financial literacy & educationFinancial literacy and education
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2025-08-08•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) released its August 2025 Financial advice update, introducing a dataset to help financial services licensees verify Financial Advisers Register information. The update includes reminders on registration and compliance, a summary of enforcement actions, and findings from a market scan of professional indemnity insurance. Recurring issues like incorrect adviser records and unregistered advice led to penalties. The dataset will detail reliance on the experienced provider pathway and exam completion dates, with a qualification deadline of 1 January 2026.
Policy & regulationGuidance & interpretationFinancial and market indicatorsSupervisory data
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2025-08-08•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) released its first quarterly Reporting and Audit Update, focusing on sustainability and financial reporting. It reviewed voluntary climate-related disclosures, noting issues like repetitive disclosures and inadequate scenario analysis. ASIC launched a register for sustainability reporting and audit relief decisions and reported AUD 34.7 million in civil penalties from greenwashing cases. It is collaborating with the Australian Accounting Standards Board on e-learning materials for sustainability reporters, with releases planned for 2025. Upcoming publications will address auditor independence and financial reporting surveillance.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-08-08•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission announced that former Gold Coast property developer Michael David Steele was sentenced to eight years in prison for misusing over AUD 1.3 million of investor funds. Steele persuaded 14 investors to withdraw funds from their superannuation and savings for personal expenses. The conviction disqualifies him from managing corporations until five years post-imprisonment. The Commonwealth Director of Public Prosecutions prosecuted the case, with ASIC's support and funding from the Assetless Administration Fund.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-08•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission secured Federal Court penalties against Southern Cross Payments Ltd and former CEO Nickolas John Karantzis for disclosure violations. The company was fined AUD 10 million, and Karantzis was disqualified for six years and fined AUD 1 million. The Court found misleading conduct in revenue disclosures and failure to disclose Visa's relationship termination.
EnforcementInvestigations & enforcement actionsCorporate governanceDisclosures
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2025-08-08•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority and the Bank of England have initiated a third consultation on additional draft guidance for counterparties reporting under the revised UK European Market Infrastructure Regulation (EMIR) Article 9 requirements. Finalised Q&As are expected to be published on 31 October 2025.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-08-08•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority released its consultation conclusions on the draft Insurance (Public Disclosure) Rules, detailing Pillar 3 requirements under the risk-based capital regime for insurer disclosures. Feedback was supportive, leading to amendments in scope and disclosure items. The rules will be presented to the Legislative Council for negative vetting, targeting implementation in 2026.
Policy & regulationRules & requirementsDisclosures
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2025-08-08•Laos•Bank of the Lao
The Bank of the Lao reported a courtesy call from U.S. Ambassador Heather Variava to Governor Bounkham Vorachit, discussing future cooperation and technical assistance. The U.S. Embassy expressed continued support for the Bank, particularly in anti-money laundering efforts, while the Governor acknowledged past U.S. contributions in training and capacity building.
Institutional developmentCooperation & capacity buildingOther
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2025-08-08•Laos•Bank of the Lao
The Bank of the Lao's Governor, Bounkham Vorachit, met with the Thai Ambassador, Morakot Srisawat, to discuss Laos–Thailand financial cooperation and the 75th anniversary of diplomatic relations. The meeting highlighted collaboration between the Bank of the Lao and the Bank of Thailand, anti-money laundering efforts, and educational opportunities in Thailand.
Policy & regulationCooperationOther
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2025-08-08•Bolivia•Financial System Supervisory Authority of Bolivia
The Financial System Supervisory Authority of Bolivia reported that as of 31 July 2025, the national financial system's credit portfolio reached BOB 226.737 billion, a 4.1% increase year on year, with a stable delinquency ratio of 3.2%. Deposits rose to BOB 223.936 billion, and the capital adequacy ratio stood at 14.6%, exceeding the legal minimum. Microcredit drove growth, while Santa Cruz led in credit distribution, accounting for 41% of the total.
Data & statisticsLendingAsset qualityLiquidity risk
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2025-08-08•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) warned about fraudulent documents falsely claiming to be from the HKMA, including those related to the e-HKD Pilot Programme and the Stablecoins Ordinance. The alert highlights a forged notice instructing a firm to distribute e-HKD and issue "e-HKD bank cards," as well as an unauthorized leaflet about the Stablecoins Ordinance. The HKMA advises the public to refer to its website for official information on participating firms and the stablecoin issuer regime.
SupervisionAlertsFraud and scams
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2025-08-08•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent activities involving Bank of China Hong Kong Limited and China Construction Bank Asia Corporation Limited, including phishing messages and fake banking websites. The HKMA reminded the public that banks will not send SMS or emails with links for transactions or request sensitive information. Affected individuals should contact their bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-08-08•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan issued guidance on mobile banking cyber safety, highlighting fraudsters' exploitation of user behavior despite banks' protective measures. Key advice includes using secure networks, complex passwords, two-factor authentication, and monitoring account activity. Users are urged to download apps from official sources and secure device access.
Financial literacy & educationCyber resilience
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2025-08-08•United States•Federal Reserve Bank of Boston
The Federal Reserve Bank of Boston hosted a panel with Federal Reserve Board Governor Lisa D. Cook, Boston Fed President Susan M. Collins, and Central Bank of Chile Board Member Luis Felipe Céspedes on economic uncertainty and AI's impact on productivity, employment, and inflation. Collins highlighted mixed responses of New England businesses to uncertainty, while Céspedes stressed sound monetary policy in emerging markets. Cook called for cautious policymaking, noting concerns from the July 2025 US jobs report and AI's potential to reshape job tasks and price stability.
Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsArtificial intelligence
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2025-08-08•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan conducted a training session for insurance organisations on calculating and managing insurance reserve funds, referencing international practices. The programme covered the regulatory framework and highlighted the importance of reserves for financial stability. The session was supported by the U.S. Department of the Treasury, with international experts contributing.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2025-08-08•South Africa•South African Reserve Bank
At the South African Reserve Bank's 105th annual Ordinary General Meeting, Governor Lesetja Kganyago outlined a strategy focusing on price and financial stability amid global uncertainty. The Bank forecasts slight growth reduction and temporary inflation rise, with potential for lower interest rates if inflation stabilizes at 3%. The address covered enforcement actions, AI-related risks, payment system modernization, cross-border payment improvements, and financial reporting, noting a profit after tax of R118 billion and foreign exchange reserves of USD 68 billion.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
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2025-08-08•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission announced a payment notice for the fee required to issue a securities practising certificate, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. The fee is VND 1,000,000 per person, payable via bank transfer or in person at the Commission. Failure to complete the procedure within one year of notification will result in cancellation of the certificate.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-08-08•Malawi•Reserve Bank of Malawi
The Reserve Bank of Malawi warned against illegal foreign currency transactions, stating they must occur through authorized dealers under the Foreign Exchange Act, No. 18 of 2025. It highlighted that unauthorized dealings, including online and targeting the diaspora, are illegal and subject to sanctions. The notice urged the public to report suspicious activities to authorities.
Policy & regulationGuidance & interpretationForeign exchange policy and markets
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2025-08-08•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission announced that the Kuala Lumpur Sessions Court sentenced Mohd Azhidi bin Laili to 20 years in prison and a MYR 9 million fine for unlicensed activities and derivatives fraud. Azhidi deceived nine victims of MYR 1.45 million through a non-existent futures crude palm oil investment scheme. The SC emphasized the importance of verifying investment offers using its Investment Checker.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activityFraud and scams
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2025-08-08•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan, with the Secretariat of the Commission on Business Environment and International Rankings, held an online meeting to assess progress on its 2025 Action Plan for financial market development and credit accessibility. The meeting covered updates on initiatives for small and medium-sized enterprises, banking, insurance, capital markets, and financial literacy. Participants also reviewed the implementation status of decisions from the May 2025 meeting.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-08-08•United Kingdom•Bank of England
The Bank of England has issued a policy statement confirming final amendments to UK EMIR trade repository reporting requirements for central counterparties, effective 26 January 2026. Key changes include the addition of an "Execution agent" reporting field, correction of a cross-referencing error, and minor validation rule adjustments. The final validation rules and XML reporting schemas have been published to aid implementation.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-08•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has mandated the discontinuation of Class A and Class B share classifications for listed companies, repealing a 1973 framework tied to foreign ownership limits. This move aims to enhance equity trade efficiency and settlement, leveraging technological advances in the Philippine Stock Exchange. Companies must amend their articles of incorporation within a year, and violations will incur penalties under the Securities Regulation Code.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-08-08•Europe•European Association of CCP Clearing Houses
The European Association of CCP Clearing Houses published an interview with Cindy Hull of the Federal Reserve Bank of Chicago on innovation's impact on central clearing and financial stability. Hull highlights investments in cloud, AI, and distributed ledger technology to reduce costs and manage risks, noting uncertainty about DLT's widespread adoption and its implications for credit, liquidity, and operational risks. The interview also covers career development, emphasizing advocacy, excellence in daily roles, and pursuing transformational projects.
OtherLeadership change and appointments
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2025-08-08•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority announced that Heidelberg Materials AMWA Holding GmbH i.G received 5,918,737 Ciments du Maroc shares from Heidelberg Materials Italia Cementi Spa, crossing the 5%, 10%, 20%, and 33.33% thresholds to hold 41% of the company's capital. The holder stated no intention to acquire additional shares within the next six months.
SupervisionRegulatory reportingSecurities offerings and listings
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2025-08-08•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Market Authority issued a threshold-crossing notice for Ciments du Maroc after Heidelberg Materials Italia Cementi SpA's internal reorganisation. Heidelberg Materials Italia Cementi now holds 51% of Ciments du Maroc's share capital indirectly through its subsidiaries, Heidelberg Materials AMWA Holding GmbH i.G and Procimar.
SupervisionRisk monitoring & watch pointsSecurities offerings and listings
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2025-08-08•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority issued a disclosure notice for Ciments du Maroc, indicating that Heidelberg Materials Italia Cementi Spa has reduced its stake, crossing the 50%, 33.33%, and 20% ownership thresholds, now holding an indirect 10% via Procimar. The transaction and declaration were dated 17 July 2025.
SupervisionRegulatory reportingSecurities offerings and listings
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2025-08-08•Pakistan•State Bank of Pakistan
The State Bank of Pakistan announced workers' remittances reached USD 3.2 billion in July 2025, marking a 7.4% increase year on year. Major inflows originated from Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States.
Data & statisticsBalance of payments and other external statistics
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2025-08-08•Pakistan•State Bank of Pakistan
The State Bank of Pakistan held a two-day training on PCI DSS v4.0, focusing on payment security and cardholder data protection. In collaboration with the National Institute of Banking and Finance, Pakistan, and Risk Associates, the event aimed to enhance cybersecurity skills among banking professionals. Plans are underway to expand this collaboration into advanced training on cybersecurity governance and emerging threats.
Policy & regulationImplementation, projects & pilotsCyber resilience
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2025-08-08•United States•Federal Deposit Insurance Corporation
The FDIC supports President Trump's Executive Order on "Guaranteeing Fair Banking For All Americans" and will prevent politicized or unlawful debanking. A new rule will prohibit examiners from criticizing institutions based on reputational risk or directing account closures due to customers' views. The FDIC will review practices of supervised institutions and collaborate with interagency partners to ensure access to banking for law-abiding customers.
Policy & regulationRules & requirementsOther
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2025-08-08•Canada•Canadian Public Accountability Board
The Canadian Public Accountability Board (CPAB) imposed enforcement actions on Abu-Farah Professional Corporation, including restrictions, requirements, and a public censure, following 26 violations in audit files. Key breaches involved audit documentation and execution under Canadian Auditing Standards, leading to a ban on new audit engagements and mandatory corrective measures. The firm must engage in ongoing oversight, including bi-monthly meetings with CPAB and notification to audit committees, and has paid approximately USD 50,000 in investigation costs.
EnforcementInvestigations & enforcement actionsAuditing
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2025-08-08•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway's report on Sparebank 1 Helgeland highlights high risk in the bank's corporate lending portfolio, emphasizing the need for enhanced risk monitoring and compliance with governance frameworks. It identifies concentration risk, increased high-risk corporate loans, and shortcomings in credit assessments and IFRS 9 practices. Finanstilsynet expects action plans to reduce credit risk and improve governance, with follow-up including board meeting minutes and auditor review of the preliminary report.
SupervisionReviews, inspections & stress testsCredit riskAccounting and financial reporting
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2025-08-08•Vietnam•State Bank of Vietnam
The Vietnam Banking Trade Union held its fifth Executive Committee conference to review 2025 results and set priorities amid reorganisation from 63 provincial to 15 regional branches. Discussions included changes to union membership eligibility, professional ethics initiatives, and financial settlements. The union reported on welfare metrics, including VND 933bn in social welfare spending and VND 82bn raised for housing improvements, while prioritising organisational streamlining and digital transformation.
Institutional developmentGovernanceOther
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2025-08-08•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) has issued an advance notice of administrative penalties to Datang Gaohong Network Co., Ltd. for suspected information disclosure violations, including materially overstating revenue and profits. The CSRC plans to fine responsible parties CNY 160 million and third parties CNY 7 million, with potential mandatory delisting by the Shenzhen Stock Exchange. Suspected criminal leads will be transferred to public security authorities for further investigation.
EnforcementInvestigations & enforcement actionsDisclosures
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2025-08-08•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission (CNV) president Roberto E. Silva highlighted Argentina's regulatory framework for virtual asset service providers at Blockchain Rio 2025, emphasizing its alignment with international standards. Silva discussed anti-money laundering and counter-terrorist financing supervision with counterparts from El Salvador and Brazil. He also engaged in talks at the Brazil Securities Commission's headquarters on international cooperation and shared priorities.
Policy & regulationGuidance & interpretationFintech and insurtechTokenization
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2025-08-08•Argentina•Argentina Superintendency of Insurance
Argentina’s Superintendency of Insurance, led by Superintendent Guillermo Plate, outlined its supervision policy at Expoestrategas, emphasizing macroeconomic order, comprehensive system oversight, and private-sector participation. The strategy aims to eliminate distortive practices, enhance solvency, and restore trust through comprehensive supervision and enforcement actions. Key measures include sanctions, licence revocations, and a focus on fair competition and fraud prevention.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-08-08•Argentina•Central Bank of Argentina
The Central Bank of Argentina invites entries for the 17th Annual Economic Research Prize “Dr. Raúl Prebisch,” targeting university students, early-career professionals, and authors of economics doctoral theses. Submissions must address monetary, banking, payments, foreign exchange, financial, or macroeconomic issues, focusing on the Argentine or international economy. Awarded papers will be published on the prize section and may be considered for publication in the central bank’s journal, Ensayos Económicos.
ResearchOther
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2025-08-08•Moldova•National Bank of Moldova
The National Bank of Moldova and Romania’s Financial Supervisory Authority have signed a bilateral cooperation agreement to enhance Moldova's capacity to license, regulate, and supervise insurance companies. This agreement establishes a framework for information exchange and technical assistance to support the transposition of EU rules into national legislation, focusing on the insurance market. It builds on previous collaboration under the EU-supported Twinning project aimed at aligning Moldovan legislation with Solvency II and motor third-party liability insurance requirements.
Policy & regulationCooperationDomestic cooperation
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2025-08-08•Luxembourg•Luxembourg Commissariat aux Assurances
The Luxembourg Commissariat aux Assurances published its Q2 2025 press communiqué detailing quarterly indicators for the insurance sector.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-07•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission, represented by Executive Administrator Vasco Januário, participated in a conference at the Catholic University of Angola, discussing fintech's role in finance and technology. Key topics included the legal framework for crowdfunding, digital access to investment funds, and promoting digital financial literacy. The event gathered academics, entrepreneurs, and regulators to explore digital finance and inclusion in Angola.
Policy & regulationGuidance & interpretationFintech and insurtechFinancial inclusion
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2025-08-07•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank (SAMA) has licensed Al-an Alkhaligia for consumer microfinance activities via financial technology, increasing the total number of SAMA-licensed finance companies to 67. SAMA emphasized the importance of dealing only with authorized financial institutions and referred the public to its website for a list of licensed entities.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-07•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay clarified it has not signed any agreement with Sara Goldring, shareholder of Custodia de Valores Mobiliarios Corredor de Bolsa S.A., currently in liquidation. Acting as administrative liquidator under Law No. 18.627, the bank emphasized that any Private Reorganisation Agreement requires creditor and debtor consent and judicial approval. The bank will exercise its legal powers to ensure optimal recovery of claims if statutory conditions are met.
Policy & regulationGuidance & interpretationOther
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2025-08-07•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg announced that as of 30 June 2025, Luxembourg credit institutions employed 26,394 people, marking an increase of 243 from the previous quarter but a decrease of 16 year on year. The employment time-series statistics are available on the bank's website.
Data & statisticsActivity and performance reporting
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2025-08-07•Israel•Bank of Israel
The Bank of Israel reported a decrease in foreign exchange reserves to USD 226,768 million at the end of July 2025, down USD 1,481 million from June, primarily due to a revaluation and government foreign exchange activity. Reserves were 41.4% of GDP, with USD 222,157 million excluding the International Monetary Fund and USD 4,611 million held at the IMF.
Data & statisticsBalance of payments and other external statistics
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2025-08-07•Ukraine•National Bank of Ukraine
The National Bank of Ukraine reported international reserves decreased by 4.5% in July to USD 43,030.8 million as of 1 August 2025, primarily due to foreign exchange interventions and public debt servicing. The NBU was a net seller of USD 3,457.0 million in the FX market, with significant inflows from the European Union, IMF, and domestic government debt securities. Reserves cover 4.7 months of future imports, with data published monthly.
Data & statisticsBalance of payments and other external statistics
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2025-08-07•Mexico•Mexico Comision Nacional Bancaria y de Valores (CNBV)
Mexico's National Banking and Securities Commission (CNBV) released Q2 2025 statistics on banks' liquidity metrics, showing all institutions exceeded the 100% regulatory minimum for Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR). The median LCR was 331% individually and 322% consolidated, while the median NSFR was 145% individually and 140% consolidated.
Data & statistics
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2025-08-07•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group (EFRAG) invites corporate preparers to field test the Amended European Sustainability Reporting Standards (ESRS) Exposure Drafts. The tests will evaluate clarity and consistency, focusing on "Gross vs Net" guidance in Double Materiality Assessment and revised methodology for calculating adequate wages for non-EU employees. Participants will complete a questionnaire and engage in interviews with the EFRAG Secretariat.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
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2025-08-07•South Africa•National Credit Regulator
South Africa's National Credit Regulator released Circular Number 8 (August 2025) titled “Submission of B-BBEE Report 2025”. The circular includes a disclaimer stating the regulator cannot guarantee factual accuracy, especially concerning future events, and disclaims liability for actions taken based on the circular.
Policy & regulationGuidance & interpretationOther
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2025-08-07•Chile•Ministry of Finance (Chile)
Chile's Ministry of Finance submitted amendments to establish an Economic Intelligence Subsystem to prevent organized crime. Approved by the Chamber of Deputies’ Citizen Security Commission, the amendments introduce fit-and-proper requirements, disqualification for serious administrative breaches, and standardize evidence of sound financial conduct. The bill amends financial-sector laws to enhance money-trail detection for money laundering and related offenses through improved data analysis and reporting.
Policy & regulationRules & requirementsFintech and insurtechAML and CFT
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2025-08-07•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) will revise its banking prudential framework to enhance proportionality and reduce regulatory burden. APRA plans a three-tier proportionality approach, streamline accreditation for banks using the internal-ratings based approach, and improve communication on Pillar 2 capital requirements. Amendments to the bank licensing framework are included, with collaboration on cross-agency initiatives. Further productivity-related initiatives are anticipated.
Policy & regulationRules & requirementsRegulatory burden
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2025-08-07•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) will adjust its banking prudential framework to enhance proportionality and reduce regulatory burdens for small and medium-sized banks, following the Council of Financial Regulators Review. Key measures include a three-tier proportionality approach, streamlined accreditation for the internal-ratings based approach, improved communication on capital requirements, and a review of covered bonds as liquid assets.
Policy & regulationRules & requirementsRegulatory burden
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2025-08-07•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has initiated a consultation on proposed non-confidentiality determinations for the general and life insurance sectors. This includes updates to its General Insurance (GI) and Life Insurance (LI) statistical publications, with draft content and data items proposed for non-confidential treatment accessible on APRA’s website.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-07•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has initiated a consultation on proposed determinations to classify certain general and life insurance reporting items as non-confidential and to amend its statistical publications, with relevant documents available on its website.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-07•Kenya•Central Bank of Kenya
The Central Bank of Kenya has released draft regulations for Non-Deposit Taking Credit Providers to update the supervisory framework and align with recent amendments to the Central Bank of Kenya Act. These regulations aim to address challenges in the sector, including high loan costs and unethical practices, despite licensing 126 providers under the 2022 Digital Credit Providers Regulations. Public comments have been invited to refine these regulations.
Policy & regulationRules & requirementsLicensing framework and process
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2025-08-07•Rwanda•Rwanda Capital Markets Authority
The Rwanda Capital Markets Authority mandates employees of licensed capital markets entities in Rwanda obtain professional certifications from the Chartered Institute of Securities and Investment in the UK. Certification is now a prerequisite for licensing, with a one-year transition period starting 1 September 2025. Additionally, certified employees must complete annual continuing professional development, and new legal instruments will require further examinations.
Policy & regulationRules & requirementsSecurities offerings and listings