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2025-08-06•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) issued guidance to insurers on claims related to border tensions with Cambodia, stating the incident does not qualify as "war" under policy exclusions. Insurers are advised to clarify policy terms with reinsurers and consider ex gratia payments where exclusions apply. The OIC will facilitate negotiations and continue discussions with industry associations to monitor and address the situation.
Policy & regulationGuidance & interpretationOther
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2025-08-06•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) hosted a dialogue in Rio de Janeiro on enhancing insurance and pension literacy in Brazil. Superintendent Alessandro Octaviani emphasized the importance of education for sector development and household planning, advocating for public dialogue to improve understanding and reduce reliance on alternatives like betting.
Financial literacy & educationFinancial literacy and education
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2025-08-06•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) detailed progress on registering mutual property protection associations under Complementary Law 213/2025. A working group is finalizing a new regulatory framework with market input, pending SUSEP board review. The authorisation phase for administrators of mutual protection operations has not yet commenced.
Policy & regulationRules & requirementsOther
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2025-08-06•Iraq•Central Bank of Iraq
The Central Bank of Iraq refuted claims that the Bank of Baghdad has ceased USD transactions or foreign remittances, affirming the bank's normal operations and compliance with Central Bank regulations.
SupervisionAlertsForeign exchange policy and markets
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2025-08-06•South Africa•South African Reserve Bank
The South African Reserve Bank announced that the Corporation for Deposit Insurance (CODI) will repay qualifying depositors of Ditsobotla Primary Savings and Credit Co-operative Bank Limited, which entered resolution on 1 August 2025. CODI will reimburse covered deposits up to ZAR 100,000 after depositor verification, with payments from the Deposit Insurance Fund. CODI is reviewing records to determine additional qualifying products, and the South African Reserve Bank will advise on managing balances exceeding the ZAR 100,000 limit.
Policy & regulationImplementation, projects & pilotsRecovery and resolution
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2025-08-06•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand's 2025 Relationship Charter Survey results show 97% of regulated entities rate their relationship with the Bank as "good" or "very good," highlighting effective communication as a key strength. The survey, focusing on senior stakeholders, also indicates the Bank's openness to suggestions for improvement.
Institutional developmentCooperation & capacity buildingSupervision process and methodologies
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2025-08-06•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) issued guidance for closed pension entities on submitting documentation to authorize interest rates outside the regulatory interval for 2025. Applications must include all required documents in a single submission, signed by responsible parties, and match the approved percentage without conditional rates. PREVIC provided a template for mandatory documents and emphasized the need for consolidated submissions to prevent delays.
Policy & regulationGuidance & interpretationLicence approval
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2025-08-06•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic reported that its User Service and Protection Office (ProUsuario) ordered financial institutions to refund DOP 101.1 million to users following complaints in H1 2025, marking a 30.8% increase from the same period in 2024. Expanded service channels contributed to the rise in complaints, with unrecognised purchases and erroneous transfers being the main drivers. Users must first file complaints with their financial institutions before escalating to ProUsuario.
SupervisionInterventionsComplaints and dispute resolution
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2025-08-06•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority (FMA) issued a warning to Kiwibank for failing to apply age-based transaction fee waivers to certain joint account customers, resulting in overcharges of NZD 912,053.79 to 8,663 customers from July 2011 to November 2024. The FMA identified inconsistent internal understanding and system limitations as root causes, with Kiwibank self-reporting the issue in August 2024 and remediating affected customers.
SupervisionAlertsConsumer and investor protection
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2025-08-06•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) acquitted Pricewaterhousecoopers Auditores Independentes Ltda. and partner Marcos Paulo Putini of audit irregularities but sanctioned Bluebenx Tecnologia Financeira S.A. and two individuals for a fraudulent securities operation and unregistered public offering. Bluebenx was fined BRL 35,265,354.92, while Roberto de Jesus Cardassi and William Tadeu Batista Silva were fined BRL 2,316,338.73 each and banned from market operations for 78 months. The sanctioned parties may appeal to the Council of Appeals of the National Financial System.
EnforcementInvestigations & enforcement actionsAuditing
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2025-08-06•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has approved a cooperation agreement with Instituto Pensar Agropecuária to enhance knowledge and studies of agribusiness value chains, focusing on capital market fundraising. The partnership includes joint events and spans three years.
Policy & regulationCooperationMarket development
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2025-08-06•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM), with the Central Bank of Brazil, ANBIMA, and Sebrae, announced expanding the Aprender Valor financial education programme to high schools in 2026. It aims to reach 7.8 million students across 29,000 schools, offering teacher training and integrating financial education with the National Common Curricular Base. The programme will also develop materials for Indigenous peoples with the Development Bank of Latin America and the Caribbean.
Financial literacy & educationFinancial literacy and education
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2025-08-06•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia, with Bank Negara Malaysia and industry partners, hosted MyFintech Week 2025, focusing on digitalisation, sustainability, and demographic shifts in finance. SC Executive Chairman Mohammad Faiz Azmi stressed regulatory clarity and agility, especially in crypto asset regulation, and announced advancements in the SC's digital assets approach, including blockchain use cases like bond tokenisation. The event featured tracks on a digitally enabled financial system, sustainability, and resilience, discussing AI, open data, and cross-border payment interoperability.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-08-06•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission has placed Carehealth Plus Systems International, Inc. under liquidation effective 5 August 2025, appointing Atty. Erwin C. Onglengco as liquidator. Claimants must file claims with supporting documents within 180 days from the notice's last publication on 23 August 2025. The Notice of Stay Order dated 21 June 2024 remains effective until the liquidation concludes or further notice is issued.
SupervisionInterventionsOther
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2025-08-06•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has extended trials for Pasha Pay LLC's "m10" application and Unicapital Investment Company OJSC's "Cryptobroker" platform for six months, while halting Mobile Payment Solutions LLC's PortCoin project and Svort LLC's crypto trading platform. The special regulatory regime aims to test innovative financial products under central bank oversight and develop a legal framework for successful products.
SupervisionInnovation & testingFintech and insurtech
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2025-08-06•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia highlighted MyFintech Week 2025, co-organised with Securities Commission Malaysia, focusing on digitalisation, sustainability, and demographic shifts. Discussions include generative AI, blockchain, Malaysia’s net-zero commitment, and population ageing, with sessions on open finance, digital assets, and cybersecurity resilience. A flagship panel with regional authorities addressed innovation, consumer trust, and cross-border policy coherence.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-08-06•Canada•Ontario Securities Commission
The Ontario Securities Commission announced Harpreet Saini's nearly six-month jail sentence and CAD 1,149,114.93 fine for insider trading under Ontario’s Securities Act. Saini accessed non-public information through his employer to trade on 497 unpublished press releases, generating illicit gains over USD 770,000. Additional penalties include a 25% surcharge and a 10-year trading ban, while proceedings against co-accused John Natividad are ongoing.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-08-06•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities & Exchange Commission announced that Chayo Group Public Company Limited's bondholders' meeting will be reconvened electronically on 8 August 2025 after failing to reach quorum. Bondholders will vote on proposals including a two-year maturity extension with staged principal repayment, conditional interest-rate step-up, and repayment obligations linked to land-sale proceeds. The SEC advises bondholders to review the impacts and make informed decisions before voting.
SupervisionOtherSecurities offerings and listings
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2025-08-06•Thailand•Thailand Securities & Exchange Commission
The Thailand SEC filed criminal complaints against three individuals for insider trading related to mutual fund orders, following a referral from the Stock Exchange of Thailand. The SEC found that Piyapach Udomrat, Wisut Boonkasemsanti, and Nawinee Udomrat colluded to trade ahead of fund orders, violating the Securities and Exchange Act. The case has been reported to the Anti-Money Laundering Office as these practices are predicate offences under the Anti-Money Laundering Act.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-08-06•Canada•Financial Transactions and Reports Analysis Centre of Canada
FINTRAC released a policy on penalties for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. It details penalty ranges, calculation criteria, and review procedures, emphasizing AMPs as non-punitive tools to encourage compliance, with timelines for notices, payments, and appeals.
Policy & regulationRules & requirementsAML and CFT
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2025-08-06•Canada•Financial Transactions and Reports Analysis Centre of Canada
FINTRAC released an overview of its supervisory framework for businesses under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. It outlines guiding principles, a risk framework, and a supervisory strategic plan, emphasizing risk-based supervision, early intervention, and transparency. It details three supervision pillars: engaging, monitoring, and enforcing, with enforcement actions based on compliance history and other factors.
SupervisionSupervision approach, priorities & toolkitAML and CFTSupervision process and methodologies
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2025-08-06•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senator Elizabeth Warren has asked the Government Accountability Office to review the Committee on Foreign Investment in the United States and the Department of Defense’s Foreign Ownership, Control, or Influence program. The review will assess the rigor of these processes in protecting national security, staffing adequacy, oversight, and mitigation enforcement effectiveness. It will also examine potential conflicts of interest and whether current practices prioritize security.
SupervisionReviews, inspections & stress testsCross-border cooperation
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2025-08-06•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senator Elizabeth Warren has urged SEC Chair Paul Atkins to disclose details of the sale of his consulting firm, Patomak Global Partners, and provide records of other divestments since his appointment. Warren raised conflict-of-interest concerns due to Atkins's previous role at Patomak and its work with SEC-regulated clients. She emphasized the need for transparency to ensure divestments are not used to gain access to the SEC Chair.
OtherCorporate governance
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2025-08-06•Tanzania•Bank of Tanzania
The Bank of Tanzania outlined its procedure for handling complaints from consumers of regulated financial service providers, per the amended Bank of Tanzania (Financial Consumer Protection) Regulation 2019. The process includes investigations considering both parties' rights and may involve law enforcement. Complainants can withdraw complaints to pursue resolution through courts or other authorities, with the Bank's service being free of charge.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
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2025-08-06•Russia•Central Bank of Russia
The Central Bank of Russia amended its Lombard List, adding exchange-traded corporate bonds from various sectors, including issuers like Gazprom Neft, Mobile TeleSystems, and Yandex. Bonds from issuers with limited information disclosure were excluded. The updated list includes issue registration numbers and directs readers to the full set of eligible instruments.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-08-06•Russia•Central Bank of Russia
The Central Bank of Russia revised its Lombard List procedure to exclude bonds from issuers or guarantors that excessively limit information disclosure or lack at least two high credit ratings from different Russian agencies. Bonds will be suspended from repo and lending operations if disclosure violations are identified, with exclusion following if not remedied within three months. These changes are effective upon publication on the Central Bank's website.
Policy & regulationRules & requirementsDisclosures
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2025-08-06•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has introduced rules for digital platforms investing in real estate fund certificates, requiring licensing and supervision. Platforms must ensure investor registration, knowledge testing, secure digital payment channels, and comprehensive disclosures, including periodic pricing and financial information. Redemption is capped at 20% of total issued certificates, with specific conditions for disposal or cancellation of redeemed certificates.
Policy & regulationRules & requirementsOther
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2025-08-06•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority introduced new valuation standards for intangible assets, establishing a unified framework to enhance consistency and investor confidence. The standards outline three core approaches: income, market, and cost, linked to Egypt’s national intellectual property strategy. Implementation will be supported through training and awareness programmes to improve report quality and facilitate asset handling in various financial contexts.
Policy & regulationRules & requirementsAccounting and financial reporting
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2025-08-06•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission's Division of Trading and Markets released staff FAQs to assist broker-dealers with financial responsibility requirements from amendments to the customer protection rule for U.S. Treasury securities clearing. SEC Chair Paul S. Atkins announced Commissioner Mark T. Uyeda will lead ongoing efforts on U.S. Treasury central clearing implementation, coordinating with market participants and regulators.
Policy & regulationGuidance & interpretationMarket infrastructure
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2025-08-06•Europe•European Central Bank - Banking Supervision
The European Central Bank Banking Supervision released Q1 2025 supervisory banking statistics for significant institutions, highlighting increased aggregate capital ratios and return on equity, with a slight decline in the non-performing loans ratio. The Common Equity Tier 1 ratio rose to 16.05%, return on equity to 9.85%, and the non-performing loans ratio decreased to 2.24%. The ECB introduced new interactive reports for enhanced user customization, replacing the previous layout.
Data & statisticsCapital adequacyAsset quality
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2025-08-06•Egypt•Central Bank of Egypt
The Central Bank of Egypt, with the Ministry of Higher Education, the Supreme Council of Universities, and the Egyptian Banking Institute, has launched a "Bachelor of Banking Sciences" programme. Starting in the 2025/2026 academic year, it will be offered at several Egyptian universities, featuring a curriculum including financial inclusion, digital banking, FinTech, and ESG, alongside practical training. An agreement with the EBI ensures coordinated delivery and the awarding of accredited professional certificates.
Financial literacy & educationFinancial literacy and education
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2025-08-06•Malta•Malta Financial Services Authority
The Malta Financial Services Authority concluded 387 investigations and 134 enforcement actions in 2024, with penalties totaling EUR 926,485. Investment Services was the most investigated sector, with issues like non-submission of statutory documentation and governance deficiencies. The MFSA emphasized efforts against unauthorized financial services and noted enforcement actions might be published anonymously for non-material breaches under certain conditions.
EnforcementEnforcement statistics
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2025-08-06•United States•Financial Crimes Enforcement Network
FinCEN hosted an event on innovation in digital assets and consumer protection against fraud. The event highlighted law enforcement's role in deterring digital-asset-enabled crime and compliance best practices. FinCEN reaffirmed its commitment to collaborating with industry partners and urged financial institutions to review its guidance on digital asset risks.
Policy & regulationCooperationAML and CFTFraud and scams
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2025-08-06•Global•Financial Action Task Force
The Financial Action Task Force (FATF) has issued a non-legal Code of Conduct to set behavioural expectations for meeting and project participants, promoting a respectful, professional environment. It applies to various participants, emphasizing non-discrimination, zero tolerance for harassment, cultural sensitivity, conflict of interest management, and confidentiality. It outlines a process for reporting breaches, including potential referrals and sanctions, ensuring confidentiality and due process.
Policy & regulationGuidance & interpretationDiversity and inclusion
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2025-08-06•United Arab Emirates•General Pension and Social Security Authority
The General Pension and Social Security Authority (GPSSA) launched the Mobile Pensions Council to deliver pension services directly to insured citizens and employers via field visits. This initiative, part of the Year of the Community, aims to enhance awareness of insurance rights, reduce bureaucratic hurdles, and improve pension system transparency.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-06•Argentina•Central Bank of Argentina
The Central Bank of Argentina warned users about rising online scams, urging protection of personal information and preventive measures against fraud and identity theft. It emphasized never requesting personal or banking details and advised verifying financial offers through official channels. Users should enable multi-factor authentication, use strong passwords, and report fraud to their bank and the Specialized Prosecutor’s Unit for Cybercrime.
SupervisionAlertsFraud and scamsCyber resilience
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2025-08-06•Maldives•Maldives Capital Market Development Authority
The Maldives Capital Market Development Authority and the United Nations Development Programme, supported by the UK Government, launched a Joint Financing Facility to aid micro, small, and medium enterprises in the "Blue Economy" sector. This facility aims to overcome capital access barriers by providing concessional funding for eligible firms in fisheries, tourism, and marine trade, seeking to mobilize sustainable investment through banking and capital market channels.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-08-06•Caribbean•Caribbean Financial Action Task Force (CFATF)
The Caribbean Financial Action Task Force has issued its first enhanced follow-up report on St. Vincent and the Grenadines, upgrading Recommendation 5 on the terrorist financing offence from Partially Compliant to Compliant. Recommendations 37 on mutual legal assistance and 39 on extradition remain Partially Compliant because legal and case-management gaps persist. The country is now Compliant or Largely Compliant on 31 of 40 FATF Recommendations and remains in enhanced follow-up.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2025-08-06•Moldova•National Bank of Moldova
The National Bank of Moldova issued Decision No. 177 amending its Regulation on large exposures, initially approved in 2019. The amendments will take effect on 6 November 2025.
Policy & regulationRules & requirementsPrudential risksMarket risk and volatility
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2025-08-06•United Kingdom•The Pensions Regulator
The Pensions Regulator's enforcement action against parties linked to Discovery Flexibles Limited will result in approximately GBP 2.55 million being paid into the Danapak Flexibles Retirement Benefits Scheme. This follows an Upper Tribunal decision on a disputed contribution notice after TPR found funds were extracted from the employer while the scheme was in deficit. Settlements include GBP 2 million from Chris and Elizabeth Wrigley, GBP 222,482.83 from Paul Wrigley, and GBP 245,749 plus interest from Ann Pelgrave.
EnforcementInvestigations & enforcement actionsOther
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2025-08-06•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) issued an Opinion to clarify the interpretation and supervision of insurance-sector rules when insurers use AI systems. The Opinion adopts a risk-based approach, excluding high-risk AI systems under the EU's AI Act, and emphasizes data governance, fairness, and human oversight. EIOPA plans further analysis and guidance on specific AI systems and emerging issues in insurance.
Policy & regulationGuidance & interpretationArtificial intelligence
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2025-08-06•Moldova•National Bank of Moldova
The National Bank of Moldova adopted Decision No. 176, approving a Regulation on leverage and amending certain normative acts. The changes will take effect on 1 January 2026.
Policy & regulationRules & requirementsCapital adequacy
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2025-08-06•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas requires all supervised financial institutions to review client records for ties to individuals or entities on the UN Security Council 2653 (Haiti) sanctions list and report findings. Positive matches must also be reported to the Financial Intelligence Unit and the Office of the Attorney General. This directive follows guidance from the Attorney General's Office and references relevant legislation and UN resolutions.
SupervisionInterventionsSanctions list update
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2025-08-06•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE imposed a financial sanction of 600,000 AED on a finance company for non-compliance with Market Conduct and Consumer Protection Regulations and Standards. This action, under Article 137 of Decretal Federal Law No. 14 of 2018, aligns with the CBUAE's supervisory mandate over finance companies.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2025-08-06•Barbados•Central Bank of Barbados
The Central Bank of Barbados announced its removal from the EU's "high-risk third countries" list after legal and regulatory improvements. The European Parliament acknowledged this on 10 June 2025, effective 5 August 2025. Barbados addressed Caribbean Financial Action Task Force recommendations and improved FATF compliance, continuing to enhance its regulatory framework.
Policy & regulationRules & requirementsOther
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2025-08-05•Australia•Australian Securities & Investments Commission
ASIC is consulting on extending its relief instrument for pricing interests in managed investment schemes registered before 1 October 2013, excluding time-share schemes. The proposal seeks to extend ASIC Instrument 2015/847 for five years, preventing disruption for entities relying on it. It offers flexibility in setting consideration and proposes minor documentation changes. About 1,762 schemes may rely on this instrument.
Policy & regulationRules & requirementsOther
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2025-08-05•Australia•Australian Securities & Investments Commission
Ashley Vincent Arandez pleaded guilty in the Victorian County Court to charges of dishonest conduct in financial services, operating without a licence, and recklessly dealing with crime proceeds from September 2017 to April 2021. He encouraged investments totaling AUD 1.97 million without an Australian Financial Services Licence. The Commonwealth Director of Public Prosecutions is prosecuting after an ASIC investigation led to Federal Court orders freezing his assets and imposing travel restraints.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-05•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission received its first communication regarding a private offer by a public company for a bond issuance by Banco Angolano de Investimentos, S.A. The transaction, totaling AOA 118 billion with AOA 53.459 billion subscribed, does not require prior regulatory approval under the Securities Code and Regulation No. 5/16. ÁUREA – Sociedade Distribuidora de Valores Mobiliários, S.A. served as the intermediation agent.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-08-05•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority approved Shatirah House Restaurant Company's request to increase its share capital from SAR 35 million to SAR 56 million via bonus shares. The increase will be funded by transferring SAR 21 million from retained earnings, raising outstanding shares from 35 million to 56 million. An extraordinary general assembly must be held within six months, and the company must comply with all regulatory requirements.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-05•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) is modernising the pension system through digitalisation, enhancing information access, and implementing Complementary Pension Plans. Initiatives include digital affiliation, AI-enabled chatbots, virtual appointments, digital signatures, data-driven supervision tools, and interoperability with financial entities. Superintendent Francisco A. Torres emphasizes priorities like coverage expansion, labour formalisation, voluntary savings, and investment diversification.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-05•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg reported a 1.71% monthly increase in the aggregate balance sheet total of Luxembourg credit institutions, reaching EUR 984,310 million as of 30 June 2025. The rise was driven by higher claims on banks and increased debts to other sectors, with notable growth in loans to non-bank customers and resident non-bank deposits. Annual changes showed a decline in credit to non-financial corporations and substantial increases in household mortgage lending and lending to other financial intermediaries.
Data & statisticsBalance of payments and other external statistics
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2025-08-05•Israel•Bank of Israel
The Bank of Israel's second-quarter 2025 review highlights a significant strengthening of the shekel, with a 9.3% appreciation against the US dollar and increased exchange-rate volatility, driven by improved investor sentiment and US dollar weakness. Nonresidents led foreign exchange sales, while average daily trading volume rose 6% to USD 14 billion, with nonresidents accounting for 86% of spot and forward trading activity.
Data & statisticsForeign exchange policy and markets
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2025-08-05•Uruguay•Central Bank of Uruguay
Guillermo Tolosa, president of the Central Bank of Uruguay, highlighted the economic, social, and ethical risks of money laundering at the Congress on Prevention of Money Laundering of the Americas. He stressed protecting Uruguay's credibility against sophisticated illicit structures, emphasizing enhanced coordination, resource prioritization, and reviewing the sanctions framework. Tolosa noted regulatory progress but warned of growing threats from organized crime, virtual assets, and transnational criminal networks.
Policy & regulationReform agendas & prioritiesAML and CFT
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2025-08-05•Europe•European Banking Authority
The European Banking Authority issued final draft Regulatory Technical Standards for calculating crypto-asset exposures under the Capital Requirements Regulation. These standards address capital treatment for risks associated with asset-referenced tokens and unbacked crypto-assets, aligning with Basel standards and the Markets in Crypto Assets Regulation. Key changes include removing a prudent valuation requirement and clarifying the aggregation of long and short positions.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
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2025-08-05•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved certificates on two draft laws and adopted supervisory, registration, and licensing decisions, including granting URB LLC a license for professional activity in organized commodity markets. The Commission registered changes to URB LLC’s rules and amendments to the All-Ukrainian Pension Fund CARE's charter. It also approved prospectus appendices for NovaPay Credit LLC bonds, registered bond issues, and approved draft charters and share issue registrations for several companies.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-05•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has approved Shatirah House Restaurant Company's capital increase from SAR 35 million to SAR 56 million through the issuance of bonus shares. This will involve issuing three bonus shares for every five existing shares, raising the total outstanding shares by 21 million. An extraordinary general assembly must be convened within six months, contingent on regulatory compliance.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-05•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released detailed interest rate data on deposits and loans for each credit institution for June 2025, along with additional related information.
Data & statisticsMonetary data
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2025-08-05•Georgia•National Bank of Georgia
First Vice Governor Ekaterine Mikabadze of the National Bank of Georgia highlighted Alma's debut bond issuance as a milestone for Georgia's capital market, marking increased issuer confidence and sectoral diversity. She noted the market's size has doubled recently, with corporate bond issuance reaching GEL 325 million, a 50% increase from last year. The issuance, supported by Galt & Taggart and TBC Capital, attracted over 150 investors under Enterprise Georgia’s Capital Market Support Program.
OtherSecurities offerings and listingsMarket development
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2025-08-05•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan reported on the 33rd State Bank of Pakistan–SECP Coordination Committee meeting, focusing on policy coordination and joint initiatives. Topics included integrating digital payments into capital markets, improving access to credit information, and addressing legacy credit data issues. The committee also discussed financial product innovation, shared digital infrastructure, and regulatory alignment in emerging sectors.
Policy & regulationCooperationDomestic cooperation
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2025-08-05•Indonesia•Bank Indonesia
Bank Negara Malaysia, Bank of Indonesia, and the Bank of Thailand have appointed more commercial banks as Appointed Cross-Currency Dealers to enhance the Local Currency Transaction Framework (LCTF) for cross-border trade and investment. This expanded network aims to improve local-currency liquidity and transaction options among Malaysia, Indonesia, and Thailand. Newly appointed banks include AmBank (M) Berhad, PT Bank Danamon Indonesia Tbk, and Bank of China (Thai) Public Company Limited, among others.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-08-05•China•Central Bank of the Republic of China
The People's Bank of China and government bodies issued Guiding Opinions to boost financial support for industrialisation and manufacturing upgrades, targeting a mature financial system by 2027. The framework promotes monetary policy tools for priority sectors and long-term funds for technology commercialisation. It includes measures for green, digital, and supply-chain finance, and cross-border trade, focusing on strengthening financial institutions and industry-finance cooperation.
Policy & regulationReform agendas & prioritiesMarket development
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2025-08-05•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York's Center for Microeconomic Data reported a USD 185 billion (1%) increase in total household debt for Q2 2025, reaching USD 18.39 trillion. Mortgage balances rose by USD 131 billion, while credit card and auto loan balances increased by USD 27 billion and USD 13 billion, respectively. Student loan delinquencies surged as unreported missed payments surfaced, contributing to an elevated aggregate delinquency rate of 4.4%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-05•Europe•European Banking Authority
The European Banking Authority has launched a public consultation on proposed amendments to its Regulatory Technical Standards for resolution plans and resolvability assessments, aiming to simplify requirements and enhance cooperation among authorities. The changes focus on streamlining plan content, introducing optionality for scenarios, and reorganizing assessments around core dimensions. For resolution colleges, the proposals seek to simplify processes, improve information exchange, and strengthen coordination in implementing resolution schemes.
Policy & regulationRules & requirementsRecovery and resolution
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2025-08-05•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) revoked its 2021 rule on EBA guidelines for STS criteria in securitisations, following new EBA guidelines for balance-sheet securitisations. ASF will supervise Article 5 due diligence for insurance and pension entities, while the Portuguese Securities Market Commission (CMVM) oversees compliance with Articles 26 to 27 for originators and related parties.
Policy & regulationRules & requirementsSecuritization
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2025-08-05•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) issued a regulatory standard for updating sums insured in housing-related property insurance policies using specified indices. For Q4 2025, the Buildings Index is 559.63, the Household Contents Index is 348.52, and the Combined Index is 475.18. ASF emphasized policyholders' responsibility to ensure insured values' adequacy, considering regional variations and property changes.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-05•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance reported 40,515 debt arrangements under the Out-of-court Debt Settlement Mechanism by end-July, covering initial debts of EUR 13.25 billion. The July report noted a 30% increase in successful arrangements due to mandatory creditor participation and an expanded debtor perimeter. Additionally, 314 arrangements were made for vulnerable groups, and EUR 514 million of debts were restructured in June through bilateral agreements.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-05•United States•Federal Housing Finance Agency
The Federal Housing Finance Agency has doubled Fannie Mae and Freddie Mac's investment capacity in Low Income Housing Tax Credit (LIHTC) properties to USD 2 billion each, raising the combined annual capacity to USD 4 billion. Half is allocated to difficult-to-serve LIHTC markets, with at least 20% directed to Duty to Serve Rural Communities. This expansion aligns with President Trump's One Big Beautiful Bill, which aims to enhance LIHTCs.
Policy & regulationRules & requirementsOther
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2025-08-05•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority (APRA) has imposed an additional AUD 5.5 million capital requirement and new licence conditions on KeyInvest Limited, a life insurance company, after a review revealed deficiencies in its risk management framework. The capital add-on will remain until APRA is satisfied with the remediation. KeyInvest must implement a remediation plan and develop an APRA-approved board renewal plan, with further work needed to ensure effectiveness.
SupervisionInterventionsRisk managementPrudential risks
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2025-08-05•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, fake banking login screens, and phishing emails linked to press releases by The Bank of East Asia, Shanghai Commercial Bank, and Chong Hing Bank. HKMA stressed that banks won't send SMS or emails with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the relevant bank and report to the Hong Kong Police Force's Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-08-05•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 approved Damir Utebekovich Kakiev as a securities market senior officer for a management body member role as an independent director, per protocol No. 258/RЦБ dated 29 July 2025.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-05•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency reminded borrowers that a microfinance organisation's closure doesn't cancel microcredit obligations. Borrowers should be informed of reassigned collection rights and verify a lender's licence before obtaining microcredit. In 2024, 29 microfinance organisations ceased activity due to systemic legislative breaches.
Policy & regulationGuidance & interpretationLicensing and supervisory fees
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2025-08-05•Ghana•Bank of Ghana
The Bank of Ghana launched the Bank of Ghana Chair in Finance and Economics at the University of Ghana to enhance the connection between academic research and financial policymaking. Governor Dr. Johnson Asiama announced the Governor’s Future Leaders Fellowship to develop high-performing graduates in economics, finance, and public policy. The address also covered digital finance, virtual asset regulation, and macroeconomic context, noting significant cedi appreciation in 2025 and banks' increased holdings of government securities.
ResearchOther
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2025-08-05•United States•Federal Reserve Bank of Atlanta
The Federal Reserve Bank of Atlanta has promoted Philip Ridgway to vice president of Product Development for Federal Reserve Financial Services, effective 1 June. Ridgway will oversee product development for Check and FedACH. He has been with the Atlanta Fed since 2016, previously serving as assistant vice president for product development.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-05•Jordan•Jordan Securities Commission
The Jordan Securities Commission released a draft licensing system for virtual asset service providers and is soliciting stakeholder feedback through the Government Tawasul Platform before finalizing the framework.
Policy & regulationRules & requirementsLicensing framework and process
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2025-08-05•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) and the Institute of Pure and Applied Mathematics (IMPA) have launched an Insurance Innovation Laboratory to modernize the insurance market and foster innovation. The initiative aims to strengthen connections between the insurance sector, academia, and the science and technology ecosystem. The laboratory was established under a technical cooperation agreement and introduced at an event in Rio de Janeiro with key stakeholders.
Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket development
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2025-08-05•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority released master circulars for capital market intermediaries under the IFSCA (Capital Market Intermediaries) Regulations, 2025. These circulars serve as a comprehensive reference for credit rating agencies, debenture trustees, distributors, ESG ratings providers, investment advisers, investment bankers, and research entities, detailing operational expectations like registration, governance, KYC, AML, cyber security, and reporting.
Policy & regulationGuidance & interpretationKYCAML and CFT
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2025-08-05•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reminds resident entities to submit their Foreign Borrowings Plan for Q4 2025 and full year 2026 by 30 September 2025. This requirement, in the Manual of Regulations on Foreign Exchange Transactions, helps assess foreign funding needs and ensures borrowings align with debt servicing capacity. Submissions are confidential and must follow the standard form in Annex D.3 of the FX Manual.
SupervisionRegulatory reporting
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2025-08-05•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles and the Seychelles Bankers Association held a pilot outreach event for stevedores and dockworkers to enhance financial inclusion by promoting access to banking services. The session aimed to provide financial knowledge and encourage bank account openings, facilitating formal financial activity. Preparatory meetings involved key stakeholders to ensure a smooth process, with potential expansion to other underserved groups.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-08-05•Estonia•Central Bank of Estonia
The Central Bank of Estonia reported a significant increase in cash issuance for Q2 2025, with euro banknotes up 44% and coins doubling compared to Q1. ATM activity showed a decline in cash withdrawals and deposits year on year, while the Estonian Forensic Science Institute identified 99 counterfeit euro banknotes and 36 counterfeit coins. The joint coin exchange programme with Omniva was extended to the end of 2025.
Data & statisticsCurrency and cash management
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2025-08-05•Poland•Ministry of Finance (Poland)
Poland's Ministry of Finance plans to introduce a voluntary Personal Investment Account (OKI) to promote long-term investing and bolster the domestic capital market. The account allows tax-free investments up to PLN 100,000, with a savings portion capped at PLN 25,000. Investments exceeding PLN 100,000 will incur a low assets tax of 0.8% to 0.9%.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-05•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia has released a discussion paper outlining its proposed approach to AI development and adoption in the Malaysian financial sector. The paper details expectations for responsible AI use, focusing on consumer outcomes and policy objectives, and seeks feedback on the issues raised.
Policy & regulationGuidance & interpretationArtificial intelligence
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2025-08-05•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia, Bank Indonesia, and the Bank of Thailand have appointed more commercial banks as Appointed Cross-Currency Dealers (ACCDs) to enhance the Local Currency Transaction Framework (LCTF) for cross-border trade and investment settlements. This aims to improve local currency liquidity and customer outreach for MYR-IDR, MYR-THB, and IDR-THB transactions. Newly appointed banks include AmBank, Bank of China, OCBC Bank, Standard Chartered, and Sumitomo Mitsui in Malaysia, with corresponding appointments in Indonesia and Thailand.
SupervisionAuthorisations & approvalsCross-border payments
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2025-08-05•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority issued an alert regarding a fraudulent website, http://www.fsaseychelle.com/, which is impersonating the FSA's official site. The authority advises the public to verify licensing status through the official FSA website and cautions against engaging with the fraudulent site.
SupervisionAlertsFraud and scams
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2025-08-05•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission, chair of the ASEAN Capital Markets Forum Working Group on Corporate Governance, participated in the 2025 ASEAN Corporate Governance Conference and Awards in Kuala Lumpur. The event recognized top-performing publicly listed companies based on the 2024 ASEAN Corporate Governance Scorecard, now aligned with the 2023 G20/OECD Principles, emphasizing sustainability and stakeholder engagement. Six Philippine companies ranked in the ASEAN Top 50, and 35 received ASEAN Asset Class distinctions.
Data & statisticsCorporate governance
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2025-08-05•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The minority staffs of the Senate Banking and Foreign Relations Committees released a report criticizing the Trump Administration for not implementing new sanctions or export controls against Russia for over six months. The report contrasts this with the Biden Administration's 141 sanctions and export control actions since February 2022. It also highlights ineffective sanctions signals, missed opportunities to reduce Russian oil revenue, and staffing challenges in agencies handling Russia-related sanctions.
ResearchSanctions list update
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2025-08-05•Russia•Central Bank of Russia
The Central Bank of Russia identified over 4,000 fraudulent schemes in H1 2025, a 20% increase from H1 2024, primarily involving fake investment offers. It detected 2,300 online Ponzi schemes and noted a rise in financial pyramids, though their lifespans have shortened due to faster detection. The bank blocked 11,000 scam-related online resources and reported over 200 administrative cases for illegal consumer loans.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-08-05•Canada•Payments Canada
Payments Canada has finalized improvements to its bill payment framework, effective December 1, 2026, expanding coverage to electronic payments to non-Corporate creditor identification number billers. Updates include streamlined biller enrollment, revised operational practices, and guidelines for financial institutions to ensure timely payment recognition. The changes were endorsed by members and approved by Payments Canada’s Board of Directors following consultation.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-05•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority updated solvency margin standards for insurance and reinsurance companies under the Unified Insurance Law to ensure sufficient capital coverage and enhance supervision. Property and liability insurers must calculate solvency margins using two methodologies, applying the higher result, while personal insurance calculations are based on insured capital and technical provisions. The decision mandates asset quality considerations and allows remediation plans if solvency margins fall below legal limits.
Policy & regulationRules & requirementsCapital adequacyPrudential risks
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2025-08-05•United States•Federal Deposit Insurance Corporation
The FDIC issued guidance on using pre-populated customer information for CIP requirements during account opening. Pre-filled fields are allowed if customers can review, correct, and confirm the information, and if the institution can verify the customer's identity. This applies to all FDIC-supervised institutions, with data potentially sourced from various internal and external entities.
Policy & regulationGuidance & interpretationKYC
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2025-08-05•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority extended the deadline for insurance companies to submit financial statements for the period ending 31 March 2025 to 7 September 2025. Insurers must provide board-approved statements to external auditors by 15 August 2025 and notify the Authority. Companies with investments in insurance firms receive an additional 15-day extension.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-05•Chile•Central Bank of Chile
The Central Bank of Chile's Survey of Price Determinants and Expectations shows firms' persistent perception of rising costs and stable median inflation expectations at 4% for 12- and 24-month horizons. Selling prices, sales levels, and input availability remained neutral, with profit margins slightly up since late 2024. Costs and the USD exchange rate continue to exert upward price pressures, though less than in previous quarters.
Data & statisticsEconomic data and developments
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2025-08-05•Chile•Central Bank of Chile
The Central Bank of Chile's 2025 Payment Systems Report highlights trends and challenges in digital payments, financial market infrastructures, and new technologies. It emphasizes rapid digital payment growth and potential impacts of expanding digital asset markets. Central Bank President Rosanna Costa and Financial Policy Division General Manager Claudio Raddatz stressed evolving regulation, interoperability, and robust frameworks for financial stability.
ResearchPayments and payment systemsMarket infrastructure
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2025-08-05•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation released a list of state nonmember banks evaluated for Community Reinvestment Act compliance, detailing CRA ratings assigned in May 2025. The CRA mandates assessments of banks' credit provision to their communities, including low- and moderate-income areas, while ensuring safe operations. Public disclosure of CRA evaluations and ratings is required for banks examined since July 1, 1990.
SupervisionReviews, inspections & stress testsCompliance
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2025-08-05•United States•Federal Deposit Insurance Corporation
The Federal Reserve Board and FDIC have released public sections of resolution plans for the eight largest domestic banking organizations, 56 foreign banking organizations, and 12 large insured depository institutions. Mandated by the Dodd-Frank Act, these "living wills" outline strategies for orderly resolution in financial distress, with public sections providing transparency. The documents are accessible on the FDIC and Federal Reserve Board websites.
Policy & regulationImplementation, projects & pilotsRecovery and resolution
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2025-08-05•United States•Federal Reserve Board
The Federal Reserve Board and FDIC published public sections of resolution plans for major domestic and foreign banking organizations, as mandated by the Dodd-Frank Act. These plans, known as living wills, outline strategies for orderly resolution in financial distress. Additionally, the FDIC released public sections of resolution plans for large insured depository institutions under the FDIC’s IDI Rule.
Policy & regulationImplementation, projects & pilotsRecovery and resolution
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2025-08-05•Chile•Chile Financial Market Commission
The Chile Financial Market Commission has released new statistical data on the banking sector and payment card issuers via its Temporary Series Statistical Database (BEST) platform. The dataset includes liquidity and solvency indices for banks, details on banking leasing operations, and disaggregated activity, risk, and performance data for payment card issuers. A tutorial video is available to guide users on utilizing the BEST platform.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-05•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) alerted investors that 11 entities, including Koddpa and GROKR Exchange, are not registered under Law No. 21,521 and lack authorization to provide regulated services. Consequently, the CMF cannot supervise or sanction these entities. Investors are advised to verify registration status on the CMF website and consult the Fraud Alerts Page for supervision confirmation and alerts.
SupervisionAlertsOther
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2025-08-05•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) issued a public alert regarding fraudulent entities offering loans online and via messaging, falsely claiming CMF supervision and demanding advance payments for non-existent loans. Seven cases have been reported to the Public Prosecutor’s Office for alleged fraud. The CMF advises the public to use its Fraud Alerts Page to verify the legitimacy of financial service providers.
SupervisionAlertsFraud and scams
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2025-08-05•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission’s Division of Corporation Finance clarified that "liquid staking" activities in proof-of-stake networks do not constitute the offer and sale of securities under federal law. Liquid staking involves receiving tokens that represent ownership of staked crypto assets, allowing transfer or use without unstaking. The SEC’s Crypto Task Force is open to inquiries and feedback on this clarification.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-08-05•United States•U.S. Securities & Exchange Commission
SEC Commissioner Caroline A. Crenshaw criticized the Division of Corporation Finance’s statement on liquid staking, saying it lacks clarity on federal securities laws for crypto assets and increases uncertainty. She noted its reliance on unsupported assumptions, narrow legal conclusions, and limited applicability due to factual variations, echoing concerns from a previous protocol staking statement.
Policy & regulationGuidance & interpretation