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2025-08-07•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) participated in the Nane Nane exhibition in Dodoma, emphasizing agricultural insurance as a risk-management tool for farmers. The event featured educational materials and demonstrations, with significant engagement from farmers, students, and entrepreneurs. The Tanzania Agricultural Insurance Consortium (TAIC) also participated, focusing on climate-related risks and insurance options.
Financial literacy & educationFinancial literacy and education
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2025-08-07•Tanzania•Tanzania Insurance Regulatory Authority
At the Nane Nane agricultural exhibition in Dodoma, the Mkalama District Administrative Secretary highlighted the importance of public insurance education to boost understanding and uptake. The Tanzania Insurance Regulatory Authority and other insurers were urged to enhance outreach efforts to help residents leverage insurance for economic and social benefits.
Financial literacy & educationFinancial literacy and education
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2025-08-07•Georgia•National Bank of Georgia
The National Bank of Georgia has released the 2025 edition of its 2023–2025 Supervisory Strategy, retaining its five supervisory priorities. The update focuses on an action plan with specific activities and deadlines, and includes a 2024 implementation progress report. The Bank will soon start developing a new strategy for 2026–2028 with input from stakeholders.
Policy & regulationImplementation, projects & pilotsSupervision process and methodologies
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2025-08-07•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has filed a criminal complaint against a company secretary, four relatives, and a private company for alleged insider trading under the Securities Act, 2015. Complaint No. 14 of 2025 involves share accumulation based on non-public information about a sponsor buy-back and delisting, leading to illicit gains of PKR 338.085 million. Insider trading under the Act may result in up to three years’ imprisonment or a fine of up to PKR 200 million or three times the illicit gain.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-08-07•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan announced reforms for the mutual funds industry, introducing a Digital Asset Management Companies framework and registering the Mutual Funds Association of Pakistan as a self-regulatory organization. These measures aim to enhance investor protection, operational efficiency, and digitization, while aligning with global standards and promoting financial inclusion. Additionally, a white paper on industry transformation and a committee to boost exchange traded funds market growth were released.
Policy & regulationRules & requirements
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2025-08-07•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has disqualified Mark Zappia from managing corporations for five years due to improper conduct and failure to meet director obligations across five collapsed businesses. These companies owed unsecured creditors AUD 7,049,582, including significant debts to the Australian Taxation Office. ASIC's findings highlighted failures in tax payments, record-keeping, and insolvency management. Mr. Zappia may seek a review of the decision by the Administrative Review Tribunal.
EnforcementSanctions & designationsOther
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2025-08-07•Australia•Australian Securities & Investments Commission
ASIC has charged Dimitrios (James) Podaridis, Peter Delis, Bassilios (Bill) Floropoulos, and Harry Tsalikidis with money laundering related to a fraudulent investment scheme offering fake bonds to Australian investors from January to July 2021. The scheme allegedly used fictitious websites and counterfeit documents. Funds were funneled through Australian bank accounts to offshore accounts or crypto exchanges. Podaridis and Floropoulos face 28 charges each, Tsalikidis 12, and Delis 8.
EnforcementInvestigations & enforcement actionsFraud and scamsAML and CFT
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2025-08-07•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York's July 2025 Survey of Consumer Expectations shows a rise in median inflation expectations at the one-year (3.1%) and five-year (2.9%) horizons, with stability at the three-year horizon (3.0%). The survey highlights mixed labor market expectations, with increased median earnings growth (2.6%) and a higher perceived probability of job loss (14.4%), alongside improved household financial assessments and a decline in expected tax growth (2.9%).
Data & statisticsEconomic data and developments
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2025-08-07•United States•National Association Of Insurance Commissioners
The NAIC's 2025 Summer National Meeting will be held from 10–13 August in Minneapolis, focusing on consumer protection, market stability, and financial stability. Discussions will include climate resilience, health insurance reform, cybersecurity, and AI, with NAIC President Jon Godfread delivering a keynote on 11 August. A special session will address the implications of rising health care costs and policy changes on consumers and states.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-08-07•Europe•European Banking Authority
The European Banking Authority has opened a consultation on revised Guidelines on internal governance under the Capital Requirements Directive, incorporating changes from CRD VI and the Digital Operational Resilience Act. Updates include role and duty documentation for management, guidance for third-country branches, and alignment with diversity and remuneration policies. The consultation reflects supervisory lessons and findings from the EBA's diversity benchmarking report.
Policy & regulationGuidance & interpretationCorporate governance
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2025-08-07•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance has established a new fee regime for retail cash withdrawals, eliminating charges at Greek banks’ ATMs and capping fees at EUR 1.50 for third-party ATMs. Interbank withdrawals via the DIAS system will be free, and third-party providers cannot charge fees where there is a shareholding link with the customer’s bank or in areas with only one ATM. Balance enquiries will be free, while digital money transfers via third-party channels will incur a EUR 0.50 fee.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-07•Laos•Bank of the Lao
The Bank of the Lao reported that Governor Bounkham Vorachit met with Melanie Barlow, the UK Ambassador to Lao PDR, to discuss future cooperation between the central bank and the UK. The meeting also acknowledged past UK support in banking sector supervision and legal work, with hopes for continued collaboration in finance and banking.
Policy & regulationCooperationOther
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2025-08-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted the public about scams involving fraudulent websites, fake internet banking login screens, and phishing emails linked to press releases by several banks. The HKMA stressed that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information like passwords via phone, email, or SMS. Affected individuals should contact their bank and report to the Crime Wing Information Centre of the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-08-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported a decrease in Hong Kong's foreign currency reserve assets to USD 425.4 billion at the end of July 2025, down from USD 432.0 billion in June. Including unsettled foreign exchange contracts, reserves totalled USD 424.5 billion. The HKMA reiterated its monthly Exchange Fund data release cycle, with four related press releases issued each month under the IMF’s Special Data Dissemination Standard.
Data & statisticsBalance of payments and other external statistics
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2025-08-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority announced the second Hong Kong Green Week, commencing on 8 September, themed “Forging a Sustainable Future Together.” The event will feature over 35 activities hosted by more than 50 local and international institutions, including global conferences, a business expo, and workshops. The HKMA will co-host key events such as the Climate Business Forum: Asia Pacific and the 2025 Green Fintech Symposium.
Financial literacy & educationClimate risk and sustainable finance
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2025-08-07•New Zealand•Serious Fraud Office
New Zealand's Serious Fraud Office reported that Thomas Alexander Kokouri Tuira pleaded guilty to charges related to an alleged Ponzi scheme involving nearly 4 million NZD, while his wife, Aroha Awhinanui Tuira, pleaded not guilty with her trial set for 11 August 2025 in the Christchurch High Court.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-07•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan has revoked the licence of LLP “Tolebi Credit Partnership” for microfinance activities due to non-compliance with regulatory instructions. Customers must fulfill existing microcredit obligations, with potential liability for breaches. The firm has 30 days to re-register, reorganize, or liquidate following the revocation.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-08-07•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority released its Banking Statistical Bulletin for 31 March 2025, offering aggregate data on the Island's banking sector. The bulletin highlights both quarterly and annual trends.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-07•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority published a Lending Statistical Bulletin detailing aggregate lending data for the Island's banking sector as of 31 March 2025. The bulletin includes both quarterly and annual lending trends.
Data & statisticsSupervisory data
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2025-08-07•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority announced FBI participation in the 2025 Isle of Man Countering Financial Crime Conference, featuring a case study on a USD 2 billion fraud and money laundering scheme. The conference, opened by Chief Minister Alfred Cannan MHK, will address organised crime, virtual asset abuse, and anti-money laundering in the UK art market, with a focus on the Island’s upcoming MONEYVAL evaluation.
Policy & regulationCooperationAML and CFTFraud and scams
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2025-08-07•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
Türkiye's Insurance and Private Pension Regulation and Supervision Agency amended the framework for mandatory financial liability insurance for medical malpractice, raising maximum indemnity limits to TRY 1,000,000 for Risk Group I, TRY 2,000,000 for Risk Group II, TRY 3,000,000 for Risk Group III, and TRY 4,000,000 for Risk Group IV. The premium tariff has been revised accordingly. Insurance companies will offer policies with the new coverage limits starting 1 November 2025.
Policy & regulationRules & requirementsOther
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2025-08-07•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan celebrated the fifth anniversary of its financial literacy platform, Finlit.uz, highlighting its outreach to diverse population groups. The bank is executing 73 projects to enhance financial knowledge, including educational initiatives in schools and universities, community events, and media projects. Collaboration with international organizations and local institutions supports these efforts, with participation encouraged through Finlit.uz.
Financial literacy & educationFinancial literacy and education
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2025-08-07•Middle East•Arab Monetary Fund
The Arab Monetary Fund's 21st Arab Economic Outlook report forecasts GDP growth for Arab economies at 3.8% in 2025 and 4.3% in 2026, with inflation expected to decrease significantly. The report emphasizes fiscal and monetary policy priorities, including fiscal sustainability, revenue diversification, and efficient public spending.
ResearchEconomic data and developments
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2025-08-07•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
Carlos Queiroz, Director of Prudential and Reinsurance Supervision at the Brazilian Superintendence of Private Insurance (SUSEP), emphasized public-private cooperation in shaping a national resilience agenda for emerging risks at the 2nd IRB(P&D) Forum in Rio de Janeiro. The event, organized by IRB(P&D) with support from CNseg, also addressed climate risks, innovations, and AI in insurance and reinsurance pricing.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-08-07•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan engaged with the Embassy of Japan and the Japan International Cooperation Agency to enhance cooperation and joint programmes. Talks highlighted Japan's support for projects in education, healthcare, infrastructure, agriculture, energy, and capacity building, with both parties eager to expand their partnership.
Policy & regulationCooperationOther
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2025-08-07•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) issued guidance on regularising mutual patrimonial protection operations under Complementary Law No. 213/2025, outlining a three-phase process. Phase I, involving registration, has concluded with over 2,000 associations registered. Phase II focuses on drafting regulations for authorising administrators, while Phase III will commence post-regulation issuance, requiring associations to contract with authorised administrators.
Policy & regulationGuidance & interpretationLicence approval
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2025-08-07•Iraq•Central Bank of Iraq
Central Bank of Iraq Governor Ali Mohsen Al-Allaq outlined initiatives to enhance electronic payment systems and settlement infrastructure, including a 24/7 instant payments system and a unified payment gateway, at Baghdad’s Comprehensive Transformation Conference for Electronic Payment. The Bank is also working on regulating crypto assets to balance risks and opportunities, while promoting financial stability and combating financial crimes.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-08-07•South Africa•South African Reserve Bank
The South African Reserve Bank reported an increase in gross reserves to USD 69.161 billion as of 31 July 2025, driven by a USD 1.5 billion foreign exchange loan from the World Bank and higher gold prices. Gold reserves rose by USD 93 million, and foreign exchange reserves increased by USD 743 million, while SDR holdings decreased by USD 90 million. The international liquidity position decreased to USD 65.143 billion, influenced by US dollar appreciation and foreign exchange payments, including a USD 525.5 million IMF loan repayment.
Data & statisticsBalance of payments and other external statistics
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2025-08-07•South Africa•South African Reserve Bank
The South African Reserve Bank's Working Paper examines capital requirements regulation's impact on problem loans in South Africa during Basel II and III. It finds tighter capital requirements generally correlate with higher problem loans, but this reverses for banks with moderate market power. Key findings highlight the capital regulation index and Basel II dummy's significance, while Basel III is not significant. Macroeconomic factors like GDP growth and interest rates also influence problem loans.
ResearchCapital adequacy
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2025-08-07•South Africa•South African Reserve Bank
The South African Reserve Bank's monthly statement for July 2025 reports a ZAR 34.6bn increase in total assets to ZAR 1,306.7bn, driven by higher gold and foreign assets. Foreign exchange reserves rose by ZAR 28.3bn to ZAR 893.2bn, while gold increased by ZAR 5.7bn to ZAR 241.1bn. On the liabilities side, bank deposits fell by ZAR 22.7bn, but other deposits and government foreign loans saw increases.
Data & statisticsBalance of payments and other external statistics
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2025-08-07•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority (IFSCA) reported significant growth in the fund management ecosystem at GIFT-IFSC, attributing it to recent regulatory reforms and the IFSCA (Fund Management) Regulations, 2025. Key developments include frameworks for Angel Schemes, Accredited Investors, and mechanisms for Sovereign Wealth Fund participation, with notable increases in fund commitments and investments. IFSCA also proposed amendments to the Ministry of Finance regarding Variable Capital Companies and continues its industry engagement through the Chintan Shivir series.
Policy & regulationRules & requirementsMarket development
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2025-08-07•United States•New York State Department of Financial Services
The New York State Department of Financial Services reached a USD 48.5 million settlement with Paxos Trust Company due to inadequate due diligence of Binance and systemic anti-money laundering program failures. Paxos must pay a USD 26.5 million penalty and invest USD 22 million to enhance its compliance program. DFS found Paxos failed to monitor illicit activities and escalate red flags, with deficiencies in Know Your Customer and transaction monitoring processes.
EnforcementInvestigations & enforcement actionsAML and CFTCompliance
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2025-08-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines is finalizing new rules to enhance safeguards against consumer harm from online gambling, following public consultation. The measures will include stricter identity verification, daily limits on gambling-related transfers, and user tools for spending caps and self-exclusion. An implementation date has not been specified.
Policy & regulationRules & requirementsConsumer and investor protection
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2025-08-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a decline in the country's gross international reserves to USD 105.7 billion in July 2025, down from USD 106.0 billion in June, due to lower global gold prices and government drawdowns for debt servicing. The reserves cover 7.2 months of imports and are 3.4 times the short-term external debt. Net international reserves also fell by USD 0.3 billion to USD 105.7 billion.
Data & statisticsBalance of payments and other external statistics
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2025-08-07•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation of unauthorized insurance intermediation activities on two websites and instructed internet providers in Italy to block access. This action is part of IVASS's ongoing efforts to combat unauthorized insurance services, with 265 sites blocked since November 2023. IVASS advises consumers to verify the authorization of insurers and intermediaries before making payments.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-07•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) issued an alert regarding false identity proposals targeting FWU Life Insurance Lux S.A. policyholders. This follows previous warnings about potential contacts related to the company's liquidation flagged by Luxembourg’s Commissariat aux Assurances. IVASS advises recipients to verify the legitimacy of any proposals and seek assistance if needed.
SupervisionAlertsFraud and scams
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2025-08-07•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission's Scientific Research and Securities Training Center in Ho Chi Minh City conducted the "Be Friends with Investing" programme to enhance individual investors' securities knowledge and risk awareness. Dragon Capital Vietnam Investment Fund Management JSC contributed, covering topics like open-end funds, ETFs, and fraud prevention. SRTC awarded scholarships to two participants and plans further collaboration with financial institutions for future training initiatives.
Financial literacy & educationFinancial literacy and education
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2025-08-07•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a sanctions notice after a UN Security Council amendment to the UN Consolidated List concerning Bashar Sabawi Ibrahim Hasan Al-Tikriti. Firms must verify relationships with designated individuals, freeze relevant assets, and report findings to the States of Guernsey Policy & Resources Committee. Affected firms must also inform the Commission and provide a detailed report under Handbook Rule 12.37.
EnforcementSanctions & designationsSanctions list update
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2025-08-07•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission issued a sanctions notice after the UK's establishment of a Global Irregular Migration and Trafficking in Persons sanctions regime, implemented locally in Guernsey. Businesses must identify links to designated persons, apply asset-freeze measures, and report findings to the States of Guernsey Policy & Resources Committee. Firms must also notify the Commission and report under Handbook Rule 12.37 when an affected relationship is identified.
Policy & regulationGuidance & interpretationNew sanctions designations
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2025-08-07•Zambia•Bank of Zambia
The Bank of Zambia announced a third gold supply agreement with Kansanshi Mining PLC to bolster reserves, having purchased 2.8 metric tonnes of refined gold. The Bank is expanding its domestic gold purchase programme to include more suppliers and has circulated draft guidelines for feedback. Additionally, the Bank highlighted progress on the Export Proceeds Tracking Framework and upcoming currency regulations mandating the Kwacha and Ngwee as the sole legal tender for domestic transactions.
Policy & regulationImplementation, projects & pilotsCross-border cooperation
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2025-08-07•Poland•Central Bank of Poland
The Central Bank of Poland reported Poland's official reserve assets at EUR 223.5 billion (USD 255.9 billion) as of the end of July 2025, marking an increase of EUR 12.5 billion from June. The bank emphasized that reserve management prioritizes safety and liquidity, with investments primarily in Treasury securities, non-government debt, investment fund units, and short-term bank deposits with high credit standing.
Data & statisticsBalance of payments and other external statistics
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2025-08-07•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission urges Ingress Industrial (Thailand) Public Company Limited shareholders to review disclosures and vote on ratifying financial assistance transactions to Ingress Corporation Berhad. The independent financial advisor recommends against approval due to risks like potential default and inappropriate loan terms. The extraordinary shareholders’ meeting is on 14 August 2025, with approval needing a three-fourths majority vote, excluding conflicted shareholders.
Policy & regulationGuidance & interpretationCorporate governance
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2025-08-07•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senate Banking Committee Chairman Tim Scott welcomed President Trump's executive order to combat "debanking" of federally legal businesses, emphasizing its role in protecting financial access. Scott linked the order to the committee's oversight activities, including hearings with Federal Reserve Chair Jerome Powell and bank leaders. He highlighted the Financial Integrity and Regulation Management Act, which aims to remove "reputational risk" from bank supervision, noting its progress and industry support.
Policy & regulationReform agendas & prioritiesOther
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2025-08-07•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senate Committee on Banking, Housing and Urban Affairs Chairman Tim Scott announced the committee will expedite consideration of Stephen Miran's nomination to the Board of Governors of the Federal Reserve System. Scott seeks to understand Miran's plans for enhancing transparency and accountability at the Federal Reserve, emphasizing the importance of prioritizing its mandate and avoiding political influence.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-07•Tanzania•Bank of Tanzania
The Bank of Tanzania has launched a guided self-regulatory approach for Tier II microfinance service providers, collaborating with the Tanzania Association of Microfinance Institutions (TAMFI) and the Tanzania Microfinance Institutions Union (TAMIU). TAMFI and TAMIU will enforce market conduct and best practices, while the Bank will continue licensing and oversight. All Tier II institutions must join either association and comply with the new self-regulation agreements.
Policy & regulationImplementation, projects & pilotsFinancial inclusionSupervision process and methodologies
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2025-08-07•Russia•Central Bank of Russia
The Central Bank of Russia reported an 8.1% decline in incoming payments processed through the Bank in July compared to the second quarter of 2025. This decrease was observed across all consolidated industry groups and federal districts, with a 8% drop excluding mining, quarrying, petroleum refining, and general government.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-07•Russia•Central Bank of Russia
The Central Bank of Russia released its Review of Reporting on Information Security Incidents Related to Funds Transfers for April–June 2025, highlighting banks' interception of 38.7 million fraudulent transactions, preventing losses of RUB 3.4 trillion. Despite this, 273,100 fraudulent transactions worth RUB 6.3 billion were completed. The central bank also blocked 20,200 phone numbers and 13,400 fraudulent websites and social media pages.
SupervisionRisk monitoring & watch pointsFraud and scams
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2025-08-07•United States•U.S. Financial Services Committee
U.S. House Financial Services Chairman French Hill and Capital Markets Subcommittee Chair Ann Wagner endorsed President Trump's order to broaden access to private-market investments in U.S. retirement plans. The order aims to include private assets in 401(k) plans, expanding options for workers. The lawmakers plan to collaborate with the Department of Labor and the SEC to ensure effective implementation.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-07•Chile•Central Bank of Chile
The Central Bank of Chile's August Business Perceptions Report highlights a slowdown in business performance, particularly in retail and tourism, with construction lagging and private housing as the weakest segment. Mining remains a key investment driver in the north, while credit conditions and staffing levels show little change, with stable financial conditions but weak credit demand. Labour availability has improved, though technical roles remain tight.
Data & statisticsEconomic data and developments
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2025-08-07•Egypt•Egypt Financial Regulatory Authority
Egypt’s President Abdel Fattah El-Sisi has renewed Dr Mohamed Farid Saleh’s assignment as Chairman of the Egypt Financial Regulatory Authority for a fourth term, effective 7 August 2025. Farid has overseen fintech digitisation, insurance reforms, and a regulated voluntary carbon market. Other achievements include rules for special purpose acquisition companies, protections for minority shareholders, and the launch of gold investment funds.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-07•Global•International Monetary Fund
The International Monetary Fund reviewed technologies for retail central bank digital currency payments in limited or no-connectivity environments and found that no single solution meets all needs. Central banks should use jurisdiction-specific combinations of access channels and mitigate offline risks through limits, reconciliation, secure environments and monitoring. Phased deployment would allow security, privacy and operational controls to evolve with the technology.
ResearchCBDCPayments and payment systemsOperational risk and resilience
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2025-08-07•United States•Federal Reserve Board
The Federal Reserve Board is seeking individuals with diverse expertise in life insurance, property and casualty, and reinsurance to join its Insurance Policy Advisory Committee (IPAC). The committee consists of 21 members serving staggered three-year terms, with seven new members selected annually.
Institutional developmentLeadership change & appointmentsHiring and recruitment
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2025-08-07•United States•Commodity Futures Trading Commission
The CFTC’s Divisions of Market Oversight and Clearing and Risk issued a no-action position on swap data reporting and recordkeeping for event contracts, following a request from Railbird Exchange, LLC and QC Clearing LLC. The relief exempts these entities and their participants from certain swap-related requirements for binary option and variable payout contract transactions, contingent on meeting specific terms. This aligns with previous no-action letters for similar markets and clearing organizations.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-08-07•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets (CNPF) announced decisions from its 5 August 2025 board meeting, including authorizations for capital market activities and consumer-credit supervision. Key authorizations involved share and bond issuances by JSC INCOMLAC, JSC JLC, and MOLDOVA-AGROINDBANK JSC, while supervision actions targeted IUTE CREDIT SRL's non-compliance with consumer credit laws. The CNPF plans legal action to nullify abusive contract clauses and upheld previous decisions against BUSINESS PAY SRL and EASY CREDIT SRL.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-07•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has postponed the removal of coordinates cards for user authentication in payments and electronic transactions to 1 August 2026, aligning it with the start of mandatory Reinforced Client Authentication. This extension under General Rule No. 538 allows issuers more time to transition to stronger authentication methods, ensuring uninterrupted access to financial products and keeping clients informed.
Policy & regulationRules & requirementsCyber resilience
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2025-08-07•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission has approved GI.EL.DI. Holding Société Anonyme and METLEN Energy & Metals PLC to exercise squeeze-out rights on shares of MYLOI KEPENOU Industrial and Commercial Société Anonyme and METLEN Energy & Metals S.A., respectively, under Article 27 of Law 3461/2006.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-07•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) supports President Donald J. Trump's Executive Order on fair banking and outlines actions against politicized or unlawful debanking. The OCC has removed references to reputation risk from its guidance and plans to propose a rule for regulatory changes. It will review supervised institutions for compliance and consider further preventive measures.
Policy & regulationRules & requirementsOther
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2025-08-07•Vietnam•State Bank of Vietnam
The State Bank of Vietnam hosted MUFG Group CEO Hironori Kamezawa and VietinBank leaders to discuss MUFG's strategic partnership with Vietnamese authorities. Topics included MUFG's role in connecting Japanese businesses with Vietnamese policymakers, support for Vietnam's international financial centre model, and collaboration on digital transformation, green finance, and ESG initiatives. Governor Nguyen Thi Hong emphasized alignment with Vietnam's priorities and plans to enhance cooperation with MUFG.
Policy & regulationCooperationCross-border cooperation
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2025-08-07•Vietnam•State Bank of Vietnam
Prime Minister Pham Minh Chinh outlined monetary-policy priorities for the State Bank of Vietnam, emphasizing macroeconomic stability, inflation control, and growth support. The SBV was instructed to urgently propose amendments to Decree 24 on the gold market and focus on exchange rate stabilization. The banking system is to enhance governance, reduce costs, and manage non-performing loans while directing credit to growth sectors.
Policy & regulationReform agendas & prioritiesOther
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2025-08-07•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission released a rectification progress report detailing measures to enhance governance, legal compliance, and data quality controls for financial regulatory statistics. The report includes a centrally led remediation plan, development of a statistical indicator system, and steps to prevent statistical falsification. It outlines efforts to improve data quality, review regulatory projects, and standardize processes to mitigate external interference risks.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-08-07•Burundi•Bank of the Republic of Burundi
The Bank of the Republic of Burundi has initiated a nine-day training programme to enhance supervisory capacity in digital payment systems. The programme focuses on digitalisation strategy, Suptech, and technologies suitable for Burundi to support financial inclusion and sector stability. This initiative aligns with the goal to fully digitalise Burundi's payment systems by 2026.
Institutional developmentCooperation & capacity buildingSupervision process and methodologies
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2025-08-07•South Korea•Bank of Korea
The Bank of Korea's preliminary June 2025 balance of payments release shows a current account surplus of USD 14.27 billion and a USD 17.29 billion rise in net assets in the financial account.
Data & statisticsBalance of payments and other external statistics
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2025-08-07•Argentina•Central Bank of Argentina
The Central Bank of Argentina has re-authorised USD-denominated current accounts and restricted USD cheque issuance to the electronic cheque channel (ECHEQ), enhancing USD payment instruments. This measure positions ECHEQ as a negotiable financing tool for micro, small, and medium-sized enterprises by reducing costs and enabling remote negotiation. It complements previous measures allowing debit card and interoperable QR payments in both ARS and USD.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-07•United States•The White House
The White House issued an executive order allowing Americans to access alternative assets in 401(k) and other defined-contribution plans, contingent on fiduciary approval. The Department of Labor will review ERISA fiduciary duties and propose rules to balance higher expenses with long-term returns, while the SEC will explore facilitating access through potential regulatory revisions. The order includes private market investments, real estate, digital assets, and other alternative assets.
Policy & regulationReform agendas & prioritiesOther
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2025-08-07•Caribbean•Caribbean Financial Action Task Force (CFATF)
The Caribbean Financial Action Task Force has issued Grenada’s third enhanced follow-up report, re-rating four FATF Recommendations from Partially Compliant to Largely Compliant. Grenada is now Compliant or Largely Compliant on 31 of 40 recommendations. The report covers technical compliance only, not effectiveness.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2025-08-07•United States•U.S. Department of the Treasury
The U.S. Treasury’s OFAC has designated 18 entities and individuals crucial to Iran’s revenue and sanctions circumvention, including Iran’s Cross-Border Interbank Messaging System, Cyrus Offshore Bank, and Pasargad Arian ICT Company. Their U.S. assets are blocked, and U.S. dealings are prohibited without authorization. Foreign banks face penalties for significant transactions with them.
EnforcementSanctions & designationsNew sanctions designations
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2025-08-07•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission reported a decline in the average non-performing loan (NPL) ratio to 0.15% for Taiwan's 38 domestic banks as of June 2025, with total outstanding loans rising to TWD 43.09 trillion (USD 1,441 billion). NPLs decreased to TWD 65.89 billion (USD 2.2 billion), and the allowance coverage ratio increased to 878.56%. The Commission will continue mandating measures for enhancing asset quality and financial structure.
Data & statisticsAsset quality
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2025-08-07•Europe•Single Resolution Board
The Single Resolution Board has released operational guidance for banks on resolvability self-assessment, introducing a standardized report and template as part of the SRM Vision 2028 strategy. The revised framework reduces administrative burden by 20% and shifts to biennial reporting with less granular testing requirements. The first report under this new format is due by 31 January 2026, with additional guidance on the testing framework expected later in 2025.
Policy & regulationGuidance & interpretationRecovery and resolution
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2025-08-07•Australia•Department of Treasury (Australia)
Australia's Department of the Treasury released a consultation paper proposing voluntary best practice principles for trustees of registrable superannuation entities under the Retirement Income Covenant. The draft principles emphasize using data to understand retirees, ensuring access to key retirement products, and designing solutions that balance income, risk, and flexibility. Trustees must explain any non-adoption of these principles to members, though the guidance does not impose additional compliance beyond existing obligations.
Policy & regulationGuidance & interpretationOther
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2025-08-07•Barbados•Central Bank of Barbados
The Central Bank of Barbados will unveil its national instant payment system (IPS) on 12 August 2025, with plans for a public education programme before its 2026 launch. The IPS will enable payments within 10 seconds and is fully interoperable across financial institutions. The launch event will feature discussions with key financial leaders, including Governor Dr. Kevin Greenidge.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-08-07•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde attended the Third Meeting on Reserve Management of Central Banks of Portuguese-speaking Countries in Lisbon, focusing on robust and sustainable reserve management. Discussions included the impact of monetary and fiscal policies on fixed income markets, the euro's international role, and reserve management trends. The event featured updates from participating central banks and technical sessions on responsible investment and diversification.
Policy & regulationCooperationMonetary policy decisions and developments
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2025-08-07•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde, in collaboration with the Financial Technology Transfer Agency, conducted a three-day course on corporate governance for financial institutions from 30 June to 2 July 2025. The program focused on governance principles, covering relationships among managers, boards, shareholders, and stakeholders, and included discussions on EU corporate governance, international frameworks, and crisis management challenges.
Policy & regulationImplementation, projects & pilotsCorporate governance
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2025-08-07•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde, in collaboration with the Agência de Transferência de Tecnologia Financeira, conducted an Anti-Money Laundering and Counter-Terrorist Financing course for 28 national financial system staff. The training focused on money laundering typologies, investigative skills, and effective customer due diligence, including tracing funds, screening for sanctions, and identifying beneficial owners.
Institutional developmentCooperation & capacity building
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2025-08-07•Cape Verde•Bank of Cape Verde
Governor Óscar Santos and Board Member Antónia Lopes of the Bank of Cape Verde attended the 95th annual Bank for International Settlements meeting in Basel, focusing on financial inclusion and cross-border payments. Discussions emphasized national and regional payment infrastructures' role in enhancing efficiency and accessibility, especially for underserved communities. The workshop highlighted public-private partnerships and regional integration as crucial for improving cross-border payment systems.
Policy & regulationCooperationCross-border paymentsFinancial inclusion
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2025-08-07•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde participated in the IMF's AFRITAC West 2 12th Steering Committee meeting, discussing fiscal year 2025 capacity development and the fiscal year 2026 work plan. Key topics included national accounts, monetary policy, and public financial management, with a focus on closing the funding gap for Phase III programme delivery. Several member countries and development partners have pledged or contributed funding for Phase III.
Policy & regulationCooperationCapacity building
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2025-08-06•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission approved prospectuses for bond issues by Airfoil 1 EAD, Erfoil 1 EAD, and Aktiv Properties REIT for trading on a regulated market. It issued governance approvals, removed certain instruments and intermediaries from registers, and requested further information for an ongoing fit and proper assessment. Key bond details include Airfoil 1 EAD's EUR 2.5M issue with a floating rate, Erfoil 1 EAD's BGN 10M issue with a fixed rate, and Aktiv Properties REIT's EUR 12M issue with a floating rate.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-06•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) clarified that the pension system does not have "inactive accounts," as accounts remain active unless their balance is zero. Superintendent Francisco A. Torres emphasized SIPEN's role as a research and convening body, not a policymaker, highlighting its recent collaboration with the World Bank and other organizations in a pension debate.
Policy & regulationGuidance & interpretationOther
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2025-08-06•Bahamas•Bahamas Securities Commission
The Securities Commission of The Bahamas has instructed all licensees and registrants to review a list of seven UN-sanctioned Haitian nationals and report any related bank accounts or assets. Positive matches require submission of a Targeted Financial Sanctions Reporting Form to the Financial Intelligence Unit and the Attorney General's Office within 24 hours, with confirmation to the Commission. Non-compliance may result in fines up to BSD 250,000 and additional disciplinary actions.
Policy & regulationRules & requirementsSanctions list update
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2025-08-06•Europe•European Banking Authority
The European Banking Authority (EBA) published final draft Regulatory Technical Standards (RTS) under the Capital Requirements Regulation (CRR) for unfinished property exposures, detailing conditions for recognising properties under construction in own funds requirements. The RTS include criteria for legal mechanisms, protection providers, and guarantee terms, allowing recognition of national completion guarantee schemes with safeguards like a 20% risk weight cap. Developed under Article 124(14) of the CRR, these standards are part of the EBA's roadmap for the EU Banking Package and have been submitted to the European Commission.
Policy & regulationRules & requirementsCredit risk
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2025-08-06•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama granted an International Banking Licence to Banco Bilbao Vizcaya Argentaria Colombia S.A. (BBVA Colombia S.A.), allowing it to operate in Panama’s International Banking Centre. The licence permits BBVA Colombia S.A. to conduct international transactions and other supervisor-authorised activities. BBVA Colombia S.A. is part of the global BBVA group, headquartered in Spain.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-06•Europe•European Banking Authority
The European Banking Authority (EBA) issued a no-action letter on ESG Pillar 3 disclosure requirements to address legal and operational uncertainty amid evolving EU sustainability reporting frameworks. The letter advises against enforcing specific templates and columns for large institutions and newly scoped entities under the Capital Requirements Regulation. Additionally, the EBA updated its ESG risk dashboard, noting a stable risk landscape and future adjustments aligned with the no-action letter.
Policy & regulationGuidance & interpretationDisclosuresESG
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2025-08-06•Papua New Guinea•Bank of Papua New Guinea
The Bank of Papua New Guinea reported progress since its Financial Action Task Force (FATF) mutual evaluation, emphasizing the need for further government action to avoid grey listing. The central bank highlighted areas needing immediate attention, including increased prosecutions and arrests, and noted that remediation efforts are ongoing, coordinated by a National Coordination Committee with support from national and international experts.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-08-06•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released its inaugural prospectus, "Cyprus Interest Rates in a European Context: Analysis and Comparison," offering an analytical comparison of Cyprus banking interest rates with those in the euro area. The bulletin utilizes existing statistics from the European Central Bank and the Central Bank of Cyprus to provide comprehensive insights into interest rate comparisons across the Eurozone.
Research
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2025-08-06•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
AUSTRAC has launched a registration blitz to remove inactive independent remittance businesses, urging voluntary withdrawal or risk cancellation. Dormant registrations can be exploited for illicit activities and mislead the public. The agency will cancel registrations of inactive businesses that don't de-register voluntarily, following a similar effort in the digital currency exchange sector.
SupervisionAuthorisations & approvalsAML and CFT
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2025-08-06•Australia•Council of Financial Regulators
Australia's Council of Financial Regulators, consulting with the ACCC, reported to the Treasurer on competition among small and medium-sized banks, proposing nine government and nine regulator actions. Key proposals include APRA formalising a three-tier bank proportionality approach, streamlining licensing, modernising the Financial Claims Scheme, and adjusting ASIC reporting obligations for small banks. Recommendations include raising the covered bond cap and extending streamlined approvals for start-ups, but advise against government-backed residential mortgage-backed securities programmes.
Policy & regulationReform agendas & prioritiesSME financing
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2025-08-06•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan reported a record 4,065 company incorporations in July 2025, primarily processed digitally, raising the total to 262,309 registered companies. Private limited companies constituted 57% of new registrations, with IT and e-commerce leading sector registrations. The SECP plans an awareness drive to promote incorporation benefits following a Registrars Conference.
Data & statisticsLicensing framework and process
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2025-08-06•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan released a report on the healthcare ecosystem, emphasizing health insurance's role and challenges in delivery. Linked to the SECP's "Journey to an Insured Pakistan" strategy, it outlines a reform roadmap addressing product innovation, inclusivity, and private-sector participation, stressing integrating primary healthcare with universal coverage through public-private collaboration.
Policy & regulationReform agendas & priorities
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2025-08-06•Indonesia•Bank Indonesia
Bank of Indonesia's Q2 2025 Residential Property Price Survey shows a slowdown in primary market residential property price growth, with the index rising 0.90% year on year, down from 1.07% in Q1. Residential unit sales fell 3.80% year on year, reversing a 0.73% growth in Q1, with small-unit sales slowing and large and medium properties contracting. Developers primarily used non-bank internal funds for capital, while consumers relied on bank housing loans for 73.06% of financing.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-06•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced initiatives to boost competition and innovation in Australia's capital markets. Measures include advancing Cboe Australia's listing market application, expanding approved foreign markets to include Cboe's US and Canadian exchanges, and the Canadian Securities Exchange. ASIC is also streamlining dual listings for foreign companies and licensing FCX's tokenised market for private companies and funds. These efforts align with previous actions to enhance market participation, like reforms requiring the ASX to offer transparent clearing and settlement services.
Policy & regulationImplementation, projects & pilotsMarket developmentSecurities offerings and listings
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2025-08-06•Lithuania•Bank of Lithuania
The Bank of Lithuania reported a decline in weighted interest rates on new business loans and deposits from March to June 2025, with Lithuanian rates generally higher than euro area averages. Household term deposit rates in Lithuania fell to 1.88%, slightly above the euro area average of 1.81%. Lending rates for housing loans, consumer loans, and loans to non-financial corporations in Lithuania decreased but remained higher than euro area averages.
Data & statisticsFinancial and market indicators
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2025-08-06•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) released a summary of 2024 discussions with its Cyber Coordination Group on cyber resilience, threat management, and emerging technologies like AI and quantum computing. Based on experiences from 139 member firms, it emphasizes existing regulatory frameworks, the effectiveness of threat-led penetration testing, cross-industry forums for incident management, and challenges in AI deployment and third-party transparency. The FCA clarifies that the summary does not establish new regulatory expectations but aims to facilitate peer learning.
Policy & regulationGuidance & interpretationCyber resilienceOperational risk and resilience
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2025-08-06•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) reviewed life insurers' pension transfer processes, noting most transfers are timely, aided by digital platforms. However, significant variation exists, with some firms slower, prompting FCA follow-ups. The FCA emphasized adherence to Consumer Duty and Conduct of Business rules, discouraging barriers and advocating measures to protect consumers.
SupervisionReviews, inspections & stress testsConsumer and investor protection
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2025-08-06•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has finalized rules to enhance the safeguarding of customer funds by payment and e-money firms, effective 7 May 2026. Key measures include annual audits, monthly reporting, daily checks, and improved failure planning, with exemptions for firms holding less than GBP 100,000. The changes address issues from past firm failures, where insolvencies led to average shortfalls of 65% of customer funds.
Policy & regulationRules & requirementsClient asset custody and safekeeping
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2025-08-06•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) issued Decision Notices to fine Neil Woodford GBP 5,888,800 and Woodford Investment Management Limited GBP 40,000,000 for mismanaging the Woodford Equity Income Fund (WEIF) and to ban Woodford from senior roles and managing retail funds. Between July 2018 and June 2019, Woodford and WIM made poor investment decisions that worsened WEIF’s liquidity, leading to its suspension in June 2019. Woodford and WIM have referred the Decision Notices to the Upper Tribunal, rendering the findings provisional.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-08-06•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert regarding fraudulent activities linked to The Bank of East Asia, Limited and Dah Sing Bank, Limited. The alert emphasizes that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information. Affected individuals should contact their bank and report to the Crime Wing Information Centre of the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-08-06•Bulgaria•National Bank of Bulgaria
The Bulgarian National Bank's quarterly Economic Review highlights a slowdown in economic activity growth in Q1 2025, with real GDP growth at 2.9% year on year and inflation rising to 2.9% in May 2025. Domestic demand contributed positively, while net exports had a negative impact, and household credit growth remained strong at 20.7% year on year. The review notes potential adverse effects on Bulgaria’s real exports due to uncertainty in US trade policy.
ResearchEconomic data and developments
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2025-08-06•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency revised the risk management framework for second-tier and nonresident bank branches. Amendments require independent units to protect consumer rights, enhance creditworthiness assessments, and improve decision-making. These units will monitor compliance, coordinate loan repayment, and assess consumer risks and complaint-handling effectiveness.
Policy & regulationRules & requirementsSupervision process and methodologies
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2025-08-06•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority announced that Crucible Insurance Company Limited has surrendered its authorization as an insurer under section 8 of the Insurance Act 2008, effective 5 August 2025.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-08-06•Ghana•Bank of Ghana
In a keynote speech, the Bank of Ghana's First Deputy Governor, Dr. Zakari Mumuni, highlighted the central bank's use of commodities, particularly gold, to bolster foreign exchange reserves and support macroeconomic stability. Initiatives like the Domestic Gold Purchase Programme (DGPP) and Gold for Oil (G4O) have been instrumental, with the DGPP increasing gold reserves and the G4O using gold to settle petroleum imports. The Ghana Gold Coin (GGC) was introduced as an investment-grade asset to manage liquidity and hedge against inflation.
Monetary policyMonetary policy instruments & operationsMarket development
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2025-08-06•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
Türkiye's Insurance and Private Pension Regulation and Supervision Agency will publish updated capital amounts for insurance and reinsurance brokers and agents, and revised minimum fee tariffs for insurance loss adjusters on its website. Broker capital thresholds, adjusted by a 28.52% increase in the domestic producer price index, will be effective from 1 January 2025, while updated loss adjuster fees will apply from 1 July 2025. Future updates to these amounts and tariffs will also be available online.
Policy & regulationRules & requirementsLicensing framework and process