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2025-08-05•United States•U.S. Securities & Exchange Commission
The U.S. SEC’s Division of Corporation Finance stated that "liquid staking" arrangements are not securities transactions under the Securities Act of 1933 or the Securities Exchange Act of 1934. Participants generally need not register these transactions or rely on an exemption. The statement is limited to arrangements with specific features and excludes activities beyond administrative functions or inconsistent receipt token transactions.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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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 issued a staff statement clarifying that certain liquid staking activities do not constitute the offer and sale of securities under the Securities Act of 1933 or the Securities Exchange Act of 1934. The statement, part of the SEC’s Project Crypto initiative, provides guidance on crypto asset activities potentially outside the SEC’s jurisdiction.
Policy & regulationGuidance & interpretationFintech and insurtechTokenization
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2025-08-05•Thailand•Bank of Thailand
The Bank of Thailand Board appointed Mr. Charl Kengchon as an expert member of the Monetary Policy Committee, effective 2 September 2025. He replaces Mr. Roongrote Rangsiyopash and will serve until 31 October 2026.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-05•Thailand•Bank of Thailand
The Bank of Thailand, Bank Indonesia, and Bank Negara Malaysia 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 between Malaysia, Indonesia, and Thailand. The expanded ACCD network aims to increase customer outreach, improve local-currency liquidity access, and broaden cross-border transaction options across the three markets.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-08-05•Vietnam•State Bank of Vietnam
The State Bank of Vietnam is advancing a VND 500 trillion preferential credit programme for infrastructure and digital technology investments, with full registration from 21 commercial banks. The central bank has requested project lists from relevant ministries to aid targeted appraisal and disbursement. Participating banks are to provide feedback on preferential pricing, set at a minimum 1.5 percentage points below their average medium- and long-term lending rates.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-05•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and the Asian Development Bank (ADB) discussed enhancing ADB financing for Vietnam's private sector and advancing technical assistance for the central bank. Key topics included increasing private sector financing without government guarantees, addressing legal constraints, and simplifying procedures. ADB reported USD 1 billion in private sector financing and proposed expanding financing products, supporting trade finance, and providing anti-money laundering software.
Policy & regulationCooperationOther
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2025-08-05•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has imposed an additional AUD 5.5 million capital requirement and new licence conditions on KeyInvest Limited due to deficiencies in its risk management framework and board oversight, as identified by an independent review. KeyInvest must implement a remediation plan and develop a board renewal plan, both subject to APRA approval.
SupervisionInterventionsRisk managementPrudential risks
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2025-08-05•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported a decrease in official foreign exchange reserves to USD 597.87 billion at the end of July 2025, down USD 563 million from the previous month. The decline was due to returns from reserves management and valuation effects from currency movements. Foreign portfolio investors' securities and New Taiwan dollar deposits totaled USD 952.9 billion, 159% of the reserves.
Data & statisticsBalance of payments and other external statistics
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2025-08-05•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) released technical information on risk-free interest rate term structures as of July 2025, in accordance with the RFR Technical Documentation. These structures are essential for calculating technical provisions for (re)insurance obligations under Solvency II. EIOPA updates this information monthly to ensure consistency across Europe.
Policy & regulationGuidance & interpretationFinancial and market indicators
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2025-08-05•Palestine•Palestine Monetary Authority
The Palestine Monetary Authority reported that Governor Yahya Shunnar met with Australia's Representative to Palestine, Bethany Randell, to discuss the Palestinian banking sector and challenges related to the Israeli new shekel (ILS) accumulation crisis. This crisis affects banking services and economic needs, prompting the PMA to initiate measures for financial stability. Shunnar called for international support, with Randell expressing Australia's readiness to assist in maintaining banking system continuity and stability.
Policy & regulationCooperationCross-border cooperation
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2025-08-04•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has directed investors to its official channel for complaints regarding unpaid dividends or coupons, despite issuers having declared and paid them. This applies to securities issued via public offering or traded on the Angola Debt and Securities Exchange. Investors are urged to use this channel for clarification and to formally register issues, with communications managed rigorously and confidentially.
SupervisionInterventionsComplaints and dispute resolution
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2025-08-04•Panama•Panama Superintendencia del Mercado de Valores
Panama’s Superintendency of the Securities Market (SMV) issued Public Communiqué No. 7, targeting issuers, prospective issuers, and legal representatives about securities registration requests.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-08-04•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua's June 2025 Banking and Financial System indicators note highlights robust performance with strong liquidity and solvency. Public deposits and the credit portfolio expanded significantly, with public deposits rising 11.7% year-on-year and the credit portfolio increasing 15.6%. Key financial metrics include a non-performing loan ratio of 1.1%, a liquidity ratio of 34.6%, and a capital adequacy ratio of 19.2%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-04•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic reported a 15.3% increase in foreign direct investment (FDI) to USD 2,892.8 million in the first half of 2025, projecting over USD 4,700 million by year-end. Nearly half of FDI targeted tourism and energy, with energy's share rising due to state incentives for renewables. Total foreign-currency earnings, including remittances and exports, reached about USD 23,900 million, aiding exchange-rate stability, with the central bank committed to monitoring market conditions.
Data & statisticsBalance of payments and other external statistics
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2025-08-04•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Market Authority announced that Razeen Financial Company has fulfilled the requirements to commence managing investments in the securities business. This follows a licence granted by a CMA resolution dated 28 November 2024, in accordance with the Capital Market Law and its implementing regulations.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-04•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority (FSMA) warns about fraudulent ads on platforms like Facebook and Instagram leading users to WhatsApp groups with fake investment tips. These scams impersonate financial institutions, promising high returns and pressuring communication via unofficial channels. The FSMA advises verifying authorisation, avoiding unofficial messaging, and reporting suspicious activity to authorities.
SupervisionAlertsFraud and scams
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2025-08-04•Europe•European Banking Authority
The European Banking Authority released three final draft Regulatory Technical Standards (RTS) for the EU Banking Package, focusing on operational risk losses. These RTS establish a common taxonomy for recording operational risk loss events, provide conditions for temporary waivers on calculating annual losses, and outline data integration methods for mergers and acquisitions. The standards align with international frameworks and the Digital Operational Resilience Act, incorporating ESG attributes.
Policy & regulationRules & requirementsOperational risk and resilience
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2025-08-04•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released "Climate-related Disclosures: Insights from our reviews 2025," offering feedback to enhance climate reporting entities' disclosures under New Zealand's climate-related disclosures regime. The report clarifies compliance requirements, addresses misconceptions about mandatory disclosure versus action, and outlines future monitoring and supervision focus areas.
SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
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2025-08-04•Kenya•Central Bank of Kenya
The Central Bank of Kenya, in collaboration with the Kenya National Bureau of Statistics and Financial Sector Deepening Kenya, has launched the first Remittances Household Survey to enhance data on international remittance flows. The survey aims to provide insights into remittance amounts, uses, costs, and challenges, including informal and in-kind support. Remittance inflows reached a record KES 666.7 billion in 2024, accounting for 4% of GDP.
Data & statisticsBalance of payments and other external statistics
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2025-08-04•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority highlighted a visit by the Deputy Permanent Secretary of the Ministry of Agriculture, Engineer Athuman Kilundumya, to their booth at the Nane Nane exhibition. He commended advancements in agricultural insurance and called for increased public education to enhance inclusivity for farmers, livestock keepers, and fishers.
Financial literacy & educationFinancial literacy and education
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2025-08-04•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority and TAIC are participating in the Nane Nane farmers exhibition in Dodoma to promote agricultural insurance. The event aims to educate the public on insurance options for farming, livestock, and fishing.
Financial literacy & educationMarket development
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2025-08-04•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has updated its list of dubious investment projects, adding Moncheri Girl and Viktoras Karapetyants, bringing the total to 441 flagged projects. The Commission warns that such projects often masquerade as legitimate companies, offer guaranteed returns, and lack proper licensing. Investors are advised to consult the list and engage only with licensed market participants.
SupervisionAlertsSanctions list update
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2025-08-04•Angola•Ministry of Finance (Angola)
Angola's Ministry of Finance announced a support package for businesses impacted by looting and vandalism, including concessional financing and tax measures. Banco de Poupança e Crédito will provide credit at a 5.0% interest rate with a nine-month grace period. Additional measures include a USD 25 million line for equipment imports, expedited VAT recovery, and social security exemptions. The government coordinated with business owners and trade associations to expedite the support process.
Policy & regulationImplementation, projects & pilotsLending
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2025-08-04•Angola•Ministry of Finance (Angola)
The chair of Angola’s insurance regulator, ARSEG, stated that the supervisor is monitoring insurers' handling of claims related to recent provincial events to ensure compliance with deadlines and contractual obligations. Oversight is conducted by ARSEG’s Market Conduct and Complaints Handling Department. Businesses with adequate coverage have activated policies, with losses typically covered under multi-risk property insurance.
SupervisionRisk monitoring & watch pointsOther
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2025-08-04•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority announced that Razeen Financial Company has fulfilled the requirements to commence Managing Investments Activity in the securities business. This follows a licence granted by a CMA resolution dated 28 November 2024, under the Capital Market Law and its Implementing Regulations.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-04•Morocco•Moroccan Insurance Authority (ACAPS)
The Moroccan Insurance Authority (ACAPS), Bank Al-Maghrib, and AMMC released the 12th Financial Stability Report for 2024, detailing the Moroccan financial system's status, key risks, and economic trends. The report covers macroeconomic developments, financial positions of non-financial agents, financial institutions' resilience, and capital market developments, emphasizing risks to market stability and critical infrastructure.
ResearchFinancial stability and systemic riskMacroprudential policy and tools
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2025-08-04•Ecuador•Superintendencia de Bancos de Ecuador
Ecuador's Superintendency of Banks is supervising Banco Pichincha and has started an administrative sanctioning process to ensure client deposits and operations remain secure. The bank's financial indicators, including a solvency ratio above 13% and immediate liquidity over 21%, exceed regulatory requirements. The authority warns against spreading misinformation, which could lead to legal action under Ecuador's Comprehensive Criminal Code for causing "financial panic."
SupervisionInterventionsPrudential risksCapital adequacyLiquidity risk
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2025-08-04•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) and capital market Self-Regulatory Organizations (SROs) hosted a Capital Market Goes to Community event to boost market literacy among young bikers, resulting in 452 new investor sign-ups. The event highlighted the "2L" principle—Legal and Logical—for prospective investors to mitigate fraud risks. OJK noted Indonesia has over 17 million capital market investors, with 79% under 40.
Financial literacy & educationFinancial literacy and education
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2025-08-04•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) confirmed financial sector stability in its July 2025 Board of Commissioners meeting, detailing supervisory indicators and enforcement actions. Developments include fines, licence revocations, and policy updates across capital markets, banking, insurance, non-bank finance, and digital assets. OJK is preparing deregulation measures for financing institutions and finalizing amendments to the digital financial asset framework to include crypto-asset derivatives.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMarket risk and volatility
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2025-08-04•Indonesia•OJK
Indonesia's Financial Services Authority hosted the Syariah Financial Fair in Bandung to enhance access to Islamic financial products and launched the One Account One Student programme. The event highlighted a rise in Islamic financial literacy from 9% to 43% and emphasized efforts to increase the uptake of Islamic financial products. A memorandum of understanding was signed to strengthen education and access in West Java.
Financial literacy & educationFinancial inclusion
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2025-08-04•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has invited public consultation on proposed amendments to the Research Analyst Regulations, 2015. The amendments aim to expand research report coverage, mandate analyst registration, extend blackout periods, and enhance disclosure requirements. Additionally, a code of communication for analysts and a research platform by the Pakistan Stock Exchange are proposed.
Policy & regulationRules & requirementsRegulatory burden
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2025-08-04•United States•National Association Of Insurance Commissioners
The National Association of Insurance Commissioners, LIMRA, and the Society of Actuaries Research Institute have initiated a long-term care insurance industry experience study covering data from 2000 to 2023. The study aims to establish benchmarks for mortality, persistency, claim incidence, and termination to aid in pricing, reserving, and regulatory oversight. Thirteen carriers, representing two-thirds of the market, are participating, with efforts to recruit more companies underway.
ResearchOther
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2025-08-04•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator (ASF) updated its Health Insurance Observatory data, highlighting rapid premium growth and reduced market concentration in Portugal's health insurance sector. Gross written premiums reached EUR 1.7bn in 2024, with individual and group policies nearly evenly split. Complaints decreased significantly, attributed to improved market practices and enhanced regulatory intervention.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-04•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DEP-478 regarding COP 100,000 banknotes.
Policy & regulationGuidance & interpretationCurrency and cash management
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2025-08-04•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia has released a Bicentennial commemorative banknote and gold and silver coins, alongside a Bs2 coin for circulation, to mark Bolivia's 200th anniversary. The banknote features prominent historical figures and cultural elements, while the coins display the National Coat of Arms and the Casa de la Libertad. These items are available for purchase at BCB counters, with the Bs2 coin serving as legal tender.
Monetary policyMonetary policy instruments & operationsOther
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2025-08-04•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted about scams with fraudulent bank-branded websites, fake internet banking login screens, and phishing messages linked to banks like The Bank of East Asia and Ant Bank (Hong Kong) Limited. The HKMA stressed that banks won't send messages with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact their bank and report incidents to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-08-04•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 D.M. Autolombard LLP for microfinance activities due to non-compliance with regulatory instructions. The firm must re-register to remove terms implying microcredit activity or decide on reorganisation or liquidation within 30 days. Clients remain liable for obligations under existing microcredit agreements.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-08-04•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has de-registered Total Business Services under the Designated Businesses (Registration & Oversight) Act 2015, effective 4 August 2025, pursuant to section 12(1)(a) of the Act.
SupervisionAuthorisations & approvalsAML and CFTWhistleblowing
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2025-08-04•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority issued a warning regarding www.niolic.com, which falsely claims to represent Niolic Limited and offers financial services using AI-related bots. Niolic Limited is not licensed or registered with the Authority, and investors have reported issues withdrawing funds. The Authority advises affected individuals to contact local police and report cyber concerns to the Isle of Man’s Cyber Security Centre.
SupervisionAlertsUnlicensed or unauthorized activityFraud and scams
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2025-08-04•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) is advancing the "Restaurants with Peace of Mind, with Insurance Protection" project to help SME restaurant operators access insurance and enhance business standards. Following a pilot in Khon Kaen, the OIC plans to implement the project in Q3–Q4 2025, with outreach in several provinces and supporting technology development for a certification mark. In 2026, the OIC aims to expand awareness and participation in key cities, focusing on insurance literacy and product development.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-04•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait's 2024 Financial Stability Report highlights the local banking sector's resilience amid geopolitical tensions and economic uncertainty, with strong indicators in asset quality, capital adequacy, liquidity, and profitability. The report, in five chapters, examines global and domestic economic developments, assesses financial system risks, and includes analyses on the Kuwait Overnight Interest Average index and Basel III capital adequacy impacts.
ResearchFinancial and market indicatorsSupervisory data
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2025-08-04•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan granted Open Joint Stock Company Tourism Promotion Services Tajikistan, operating as Dushanbe Serena hotel, a special-service licence for foreign currency operations. This authorization aligns with Tajikistan's licensing and foreign exchange regulatory framework.
SupervisionAuthorisations & approvalsOther
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2025-08-04•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan issued a note distinguishing cryptocurrencies, central bank digital currencies (CBDCs), and virtual assets, reaffirming the somoni as the sole legal tender. It outlines risks of cryptocurrencies, like volatility and lack of regulation, contrasting them with CBDCs, citing examples from various countries. The bank's regulatory analysis of digital currencies and assets is ongoing, considering digital technology's significance and national interests.
Policy & regulationGuidance & interpretationFintech and insurtechBlockchain and distributed ledger technology
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2025-08-04•Liberia•Central Bank of Liberia
The Central Bank of Liberia now requires all mobile money providers to charge a 2% cash-out fee on withdrawals, effective August 1, 2025. The policy is aimed at standardizing fees, protecting agents and consumers, and shifting transactions away from cash. The bank also linked the move to work on the National Electronic Payment Switch, which is expected to enable real-time transfers between Liberia's two mobile money operators.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-04•Spain•Bank of Spain
The Bank of Spain reported a 10.5% year-on-year increase in non-cash payment transactions to 9.358 billion in the second half of 2024, with the total value rising 9.5% to EUR 6.5 trillion. Cards accounted for 65.5% of transaction volume, while credit transfers represented 88.5% of the total value. Notably, electronically initiated instant credit transfers surged 16.7% in volume and 26.2% in value.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-04•South Africa•South African Reserve Bank
The South African Reserve Bank's Working Paper examines fintech startup impacts on South African financial institutions' risk and performance. It finds fintech entry generally reduces bankruptcy and credit risk and enhances performance, though effects vary by bank size and can shift from collaboration to competition. The study highlights the need for regulatory vigilance regarding potential systemic risks from increased competition and interconnections.
ResearchFintech and insurtechFinancial stability and systemic risk
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2025-08-04•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a 12.1% year-on-year increase in outstanding loans from universal and commercial banks in June, up from 11.3% in May. Resident lending grew 12.6%, while loans to non-residents fell 6.4%. The BSP emphasized its role in monitoring bank lending to ensure alignment with its price and financial stability mandates.
Data & statisticsMonetary data
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2025-08-04•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines advocated for using the National ID in financial account openings at a National ID Forum. Discussions emphasized integrating physical and digital National IDs into customer verification processes and recommended broader use of the Philippine Statistics Authority’s National ID Authentication Services for real-time identity verification. The forum included various stakeholders to address implementation challenges and share progress.
Policy & regulationCooperationDigital identity
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2025-08-04•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released "Climate-related Disclosures: Insights from our reviews 2025," providing feedback to enhance the quality of climate statements under New Zealand's climate-related disclosures regime. The report, based on compliance reviews, clarifies misconceptions about the regime's requirements and outlines future monitoring priorities.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-08-04•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles hosted meetings of the SADC Payment System Subcommittee and Oversight Committee, with participation from 15 SADC member states, the IMF, and the World Bank. Discussions focused on strengthening cross-border payment systems, enhancing financial integrity, and advancing financial inclusion. Key topics included the SADC Real-Time Gross Settlement System, onboarding and verification processes, and collaboration on financial services innovation.
Policy & regulationCooperationCross-border paymentsFinancial inclusion
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2025-08-04•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) will hold a public judgment session on 5 August 2025 to decide on two administrative sanctioning proceedings. One case involves Pricewaterhousecoopers Auditores Independentes Ltda. and alleged audit irregularities, while the other concerns Bluebenx Tecnologia Financeira S.A. and alleged securities fraud. The session will proceed with electronic voting if defendants do not participate.
EnforcementInvestigations & enforcement actionsAuditing
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2025-08-04•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) issued Resolution CVM 234, updating the registration requirements for capital markets participants with technical and formal amendments. Key changes include editorial updates, the addition of a "Central Securities Depository" category, and consolidation of the "securities intermediaries" category. The CVM waived a Regulatory Impact Analysis and public consultation due to the limited impact of these changes.
Policy & regulationRules & requirementsRegulatory reporting
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2025-08-04•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission announced the conviction of Pixelvest Sdn Bhd and its director, Ang Jen Chuen, for operating a fund management business without a licence under the Capital Markets and Services Act 2007. Pixelvest was fined RM3 million, and Ang received a three-year prison sentence. Ang was also convicted on eight charges of receiving proceeds from unlawful activities under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001, with concurrent three-year sentences.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-04•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission announced that the Court of Appeal dismissed Dato’ Ramesh Rajaratnam’s application to review a May 2024 decision in an insider trading case. The court found no exceptional circumstances to warrant a review, upholding the reinstatement of Ramesh's conviction and sentence. Ramesh, charged in 2015 under the Capital Markets and Services Act 2007, faces a rehearing on 20 August 2025.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-08-04•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released an update on activities under Chairman Tim Scott. Key developments include the enactment of the One Big Beautiful Bill and the GENIUS Act for stablecoin regulation, overturning a Consumer Financial Protection Bureau rule on overdraft fees, passage of the FIRM Act, confirmations of key nominees, and oversight on financial regulatory issues.
Policy & regulationRules & requirementsOther
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2025-08-04•Russia•Central Bank of Russia
The Central Bank of Russia will host the Cybersecurity in Finance Forum in Yekaterinburg from 18–20 February 2026, featuring participants from federal authorities, financial institutions, and information security firms. The forum will address strategic development, cyberfraud prevention, and security challenges related to digital and payment technologies, with a special programme for university students.
Financial literacy & educationCyber resilience
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2025-08-04•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority, led by Mohamed Farid, emphasized investment opportunities for Egyptians abroad in the Egyptian Exchange and investment funds via technology applications. The FRA is advancing digital channels as part of its digitization program, including electronic insurance distribution and fintech frameworks under Law No. 5 of 2022. By July 2025, insured Egyptians abroad reached 1.3 million, with a 20% increase following a raise in personal accident insurance to EGP 250,000.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-04•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority updated licensing rules for SME and microenterprise finance firms to expedite authorization. Decision No. 147 of 2025 allows electronic interviews for key roles and adjusts fit-and-proper and governance requirements, including practical experience and education exemptions. Firms offering both SME and microenterprise finance can appoint one managing director, with conditions for executive management oversight.
Policy & regulationRules & requirementsLicensing framework and process
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2025-08-04•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission (CFTC) has launched an initiative to enable trading in spot crypto asset contracts on CFTC-registered futures exchanges, as part of its "crypto sprint." This effort aims to apply recommendations from the President’s Working Group on Digital Asset Markets report and seeks input on regulatory issues, including the Commodity Exchange Act and potential implications under securities laws.
Policy & regulationImplementation, projects & pilotsTradingMarket development
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2025-08-04•United States•U.S. Securities & Exchange Commission
SEC Commissioner Hester M. Peirce, at the Science of Blockchain Conference, urged reassessing U.S. financial surveillance and enhancing confidentiality via disintermediating technologies. She criticized the Bank Secrecy Act's reporting requirements, questioned its data collection usefulness, and raised privacy concerns about the SEC’s Consolidated Audit Trail. Peirce supported privacy tools like encryption and zero-knowledge proofs, advocating for a regulatory framework for on-chain software systems without central intermediaries.
Policy & regulationReform agendas & priorities
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2025-08-04•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's 2025 action plan for its Steering Committee on science and technology development, digital transformation, and Project 06 outlines tasks for its units and supervised institutions. Signed under Decision No. 2902/QD-BCD, the plan emphasizes digital transformation, administrative reform, and accountability, prioritizing restructuring digital infrastructure, cloud computing, and cybersecurity. It also focuses on enhancing human resources and fostering international cooperation in science and technology.
Policy & regulationReform agendas & prioritiesOther
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2025-08-04•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) reviewed its sector databases and procedures, focusing on data integration for the National Data Centre and reducing paperwork. Progress was reported on synchronising four key databases, with full integration expected by September 2025. The Ministry of Public Security urged SBV to develop an industry data strategy and align its banking-sector enterprise architecture with the national digital framework.
Institutional developmentTechnology & data transformationOther
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2025-08-04•Malta•Malta Financial Services Authority
The Malta Financial Services Authority released a position paper on tokenising fund units of Collective Investment Schemes, emphasizing operational efficiencies through digital ledger technology. The paper outlines the role of fund administrators, transparency requirements, and challenges such as cyber security. It also addresses AML and KYC disclosures and highlights potential efficiencies in settlement and due diligence automation.
Policy & regulationGuidance & interpretationTokenization
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2025-08-04•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission reported that deputy head Cong Lin visited flood-affected areas in Beijing and Hebei to oversee insurance claims and financial services, urging banks and insurers to expedite relief support. The guidance emphasized rapid loss assessment, fast-track claims handling, and enhanced credit support for affected farmers and small businesses. Cong stressed the importance of monitoring disaster information and improving emergency support during the critical flood-control period.
SupervisionInterventionsOther
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2025-08-04•United States•Financial Crimes Enforcement Network
FinCEN issued a Notice urging financial institutions to monitor and report suspicious activities involving convertible virtual currency (CVC) kiosks exploited for scams and illicit activities. The Notice highlights fraud, cybercrime, and drug trafficking linked to CVC kiosks, emphasizing increased risks when operators fail to comply with the Bank Secrecy Act (BSA). It outlines red-flag indicators and reiterates BSA reporting requirements.
SupervisionAlertsFraud and scamsAML and CFT
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2025-08-04•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance issued resolutions disqualifying four individuals from holding positions in insurance and reinsurance entities, barring them from administration, oversight, and senior management roles. Fernando Dapero is additionally prohibited from acting as a shareholder under the General Regulation of Insurance Activity.
EnforcementSanctions & designationsFitness and propriety
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2025-08-04•Argentina•Central Bank of Argentina
The Central Bank of Argentina has approved a regulatory framework for special accounts for Labour Termination Funds, implementing Article 96 of Law 27.742 and Annex II of Decree 847/24. This marks the first instance where the Central Bank of Argentina sought public input on a rule before finalization, incorporating feedback from financial-sector stakeholders and the public.
Policy & regulationRules & requirementsRegulatory burden
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2025-08-04•Moldova•National Bank of Moldova
The National Bank of Moldova, in collaboration with Expert-Grup, launched the sixth Financial Education Camp, targeting youth to enhance financial knowledge and decision-making. The online program, running from 4–7 August 2025, includes sessions on the financial system, Moldova’s integration into the Single Euro Payments Area, cashless payments, and practical financial guidance.
Financial literacy & educationFinancial literacy and education
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2025-08-04•Denmark•National Bank of Denmark
The National Bank of Denmark's July 2025 balance sheet shows a DKK 14.1 billion increase in the foreign-exchange reserve to DKK 680.5 billion, with no market intervention. This rise is due to a DKK 4.1 billion net purchase of foreign exchange and DKK 10.0 billion in net foreign borrowing by the central government. Policy rates remain unchanged since June 2025, with the discount rate, current-account interest rate, and certificate of deposit rate at 1.6% per annum, and the lending rate at 1.75% per annum.
Monetary policyMonetary policy instruments & operationsBalance of payments and other external statistics
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2025-08-04•India•Insurance Regulatory and Development Authority of India
The Insurance Regulatory and Development Authority of India has fined Policybazaar Insurance Brokers Pvt. Ltd. INR 5 crore for breaches of the Insurance Act, 1938. The enforcement action, under Section 102 of the Act, includes directives and advisories addressing the violations.
EnforcementInvestigations & enforcement actionsOther
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2025-08-04•Trinidad & Tobago•Trinidad & Tobago Securities & Exchange Commission
The Trinidad and Tobago Securities and Exchange Commission issued a public notice warning investors that Trillions Systems Limited may be offering crypto asset investments without necessary registration or exemption. The company is not registered with the Commission, and investigations are in the preliminary stage.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-04•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank reports that Dutch residential mortgage lending has rebounded strongly, with a 5.2% year-on-year growth in June 2025, reaching EUR 611 billion. This growth surpasses the euro area average and marks the highest rate since 2008. The increase is attributed to lower interest rates, rising house prices, and stronger wage growth, with a notable shift towards 5- to 10-year fixed-interest periods in new lending.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-04•United Arab Emirates•Central Bank of the UAE
The UAE Central Bank's 2024 Financial Stability Report indicates contained financial stability risks, with the banking sector benefiting from strong capital and liquidity buffers. It highlights the operationalisation of the UAE Financial Stability Council, new macroprudential tools, enhanced cybersecurity, and progress in sustainable finance and digital transformation. The report notes resilient non-bank sector performance, with insurance premiums growing by 21.4% to AED 64.8 billion, and projects real GDP growth of 4.4% in 2025 and 5.4% in 2026.
ResearchFinancial stability and systemic risk
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2025-08-03•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority is participating in the Nane Nane farmers’ exhibition in Arusha to provide insurance education and gather public feedback. Outreach includes sessions on health, agricultural, fisheries, and livestock insurance, emphasizing risk protection against drought, floods, and pests. The event runs from 1 to 8 August 2025.
Financial literacy & educationFinancial literacy and education
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2025-08-03•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait, via the Kuwait Institute of Banking Studies, has launched the fourth cohort of the Risk Management Leaders Program under the Kafa’a initiative, aimed at enhancing risk management skills in collaboration with Kuwaiti banks. The five-month program includes training phases in Kuwait and a field training phase at St Andrews University, with applications open from 3 August to 28 August 2025.
Policy & regulationImplementation, projects & pilotsRisk management
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2025-08-03•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand's Analytical Note reveals that measures of firms' price setting behavior based on recent inflation outcomes are more effective in forecasting non-tradables inflation than survey-based expectations, though differences are minor. The findings aim to aid the Monetary Policy Committee in assessing inflation outlooks and Official Cash Rate settings, especially after significant inflation deviations.
Research
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2025-08-03•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand has launched its Cash Use in New Zealand survey, open until 10 October 2025, to gather data on cash access and usage, with results to be published in early 2026 to aid in redesigning the cash system. Conducted by Rangahau Aotearoa Research New Zealand, the survey includes questions on payment preferences and cash handling, with plans to shift to annual surveys from 2025.
ResearchCurrency and cash management
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2025-08-03•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand is consulting on recommending the designation of the High Value Clearing System (HVCS) under the Financial Market Infrastructure Act 2021, bringing it under regulatory oversight and enhancing legal protections. The HVCS, crucial for large-value payments exceeding NZD 420 billion monthly, would comply with the Act, allowing the Reserve Bank to oversee its governance and crisis management.
Policy & regulationRules & requirementsPayments and payment systems
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2025-08-03•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority approved updates to the personal accident insurance policy under the “Tameenak fi Masr” initiative, increasing coverage to EGP 250,000 for death and permanent total disability. Effective July 2025, the revised policy extends eligibility to all Egyptians working abroad and their families, managed by the Egyptian Travel Abroad Insurance Pool. Coverage includes natural death, accidental death, and permanent total disability, with online subscription available for those without work permits.
Policy & regulationRules & requirementsOther
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2025-08-03•Egypt•Central Bank of Egypt
The Central Bank of Egypt hosted a delegation from the Central Bank of Kenya to exchange cybersecurity expertise and showcase the Egypt Financial Computing Incident Response Team's (EG-FinCIRT) model. Discussions focused on threat detection, vulnerability management, and alignment with global standards, particularly in FinTech. The Central Bank of Kenya plans to develop a cybersecurity strategy inspired by Egypt's model, including establishing an incident response team and a regulatory framework.
Policy & regulationCooperationCyber resilienceDomestic cooperation
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2025-08-02•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) is participating in the Nane Nane 2025 farmers’ exhibition in Dodoma to provide public services and insurance education. TIRA aims to increase public understanding of insurance to 80% by 2030, offering information on agricultural and livestock insurance at its booth. The exhibition was inaugurated by Vice President Philip Mpango.
Financial literacy & educationFinancial literacy and education
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2025-08-02•Thailand•Thailand Office of Insurance Commission
Thailand's Office of Insurance Commission advises the public, farmers, and businesses to review insurance policies for natural hazard coverage during the rainy season. It stresses comprehensive motor, property, and agricultural insurance, and reminds operators of the legal requirement for liability insurance for large advertising signs. Non-compliance can lead to imprisonment and fines.
Policy & regulationGuidance & interpretationOther
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2025-08-02•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority (IFSCA) released a report from its Expert Committee on establishing GIFT IFSC as a Global Commodity Trading Hub. Recommendations include classifying commodity trading as "financial services," expanding derivatives trading, and amending regulations for centralized hedging and broader banking activities. The IFSCA plans to discuss these proposals with the Government of India and relevant agencies.
Policy & regulationReform agendas & prioritiesMarket development
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2025-08-02•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services, led by Chairman French Hill, conducted a bipartisan delegation visit to Peru to enhance financial cooperation and combat transnational crime and illicit finance. Meetings with Peruvian officials, including President Dina Boluarte and Central Reserve Bank Chairman Julio Velarde, also addressed investment in critical infrastructure and shared democratic values.
Policy & regulationCooperationCross-border cooperation
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2025-08-02•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported on Agribank’s 11th Party Congress, highlighting restructuring achievements from 2020–2025 and setting priorities for modernisation, digital transformation, and governance for 2025–2030. Key metrics include a state budget capital injection of VND 20.6 trillion, total assets exceeding VND 2,300 trillion, and a non-performing loan ratio of 1.79%. The Deputy Prime Minister urged Agribank to prepare for equitisation and adhere to Basel II, with plans for Basel III and ESG compliance.
Policy & regulationReform agendas & prioritiesOther
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2025-08-02•Vietnam•State Bank of Vietnam
The State Bank of Vietnam plans to implement the National Assembly resolution to establish an International Financial Centre in Ho Chi Minh City and a regional centre in Da Nang by end-2025. A national steering committee, led by the Prime Minister, will oversee strategy, policy, infrastructure, and cooperation. The action plan includes five workstreams focusing on legal frameworks, digital infrastructure, financial services development, human capital, and international benchmarking.
Policy & regulationImplementation, projects & pilotsOther
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2025-08-01•Mexico•Mexico Comision Nacional Bancaria y de Valores (CNBV)
Mexico's National Banking and Securities Commission (CNBV) released its quarterly Financial Saving and Financing report, revealing total financial saving at 97.5% of GDP and total financing at 100.9% of GDP as of March 2025. The report includes a detailed dataset on financial intermediation channels, covering components such as deposits, fixed-income securities, and fiduciary certificates.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-01•France•France Autorite des marches financiers
France's Financial Markets Authority (AMF) issued a public warning and updated its blacklist, adding four websites offering investments in biens divers without required authorisations. The new entries include wine, champagne, gold, and green investment offers. The AMF emphasized that biens divers offers must be registered before marketing in France, and noted the blacklist is frequently updated but not exhaustive.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-08-01•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) has released its quarterly liquidity assessment, identifying 1,346 bonds as liquid and subject to MiFID II transparency requirements from 18 August to 16 November 2025. The assessment is based on quantitative criteria like daily average trading activity and percentage of days traded. Updates and corrections to the data may occur within the quarter and are published in the Financial Instruments Transparency System (FITRS).
Policy & regulationImplementation, projects & pilotsFinancial and market indicatorsSupervisory data
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2025-08-01•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DFV-120 (Topic 61) detailing intraday repo operations.
Policy & regulationGuidance & interpretationOther
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2025-08-01•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DCIP-78, Subject 4, addressing overseas remittance operations and fund transfers to the central bank.
Policy & regulationGuidance & interpretationCross-border payments
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2025-08-01•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued an external operational and services circular detailing the management of its foreign exchange market intervention operations.
Policy & regulationGuidance & interpretationForeign exchange policy and markets
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2025-08-01•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DGOF-482, detailing regulations on intraday repurchase agreements.
Policy & regulationGuidance & interpretationOther
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2025-08-01•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operating and Services Circular DOAM-276, Item 13, detailing regulations on deposits and remunerated balances for the General Directorate of Public Credit and National Treasury.
Policy & regulationRules & requirementsLiquidity risk
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2025-08-01•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DSP-36, focusing on overnight repo transactions conducted through compensation.
Policy & regulationGuidance & interpretationOther
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2025-08-01•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission (Consob) has established data and document-transmission obligations for crowdfunding service providers (CSPs) following a market consultation. These requirements include structured data on offers, funded projects, and material changes to authorisation conditions, as per the EU Crowdfunding Regulation. The resolution will be published in the Official Gazette and takes effect on 29 September 2025.
Policy & regulationRules & requirementsCrowdfunding
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2025-08-01•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market issued regulatory decisions, amending procedures under martial law and classifying certain projects as dubious investments. It granted an investment consulting licence to JSC State Savings Bank of Ukraine and processed bond and share issuance approvals. The Commission also approved draft laws and resolutions, registered bond and share issues, and made senior appointments at several professional participants.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-08-01•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market (NSSMC) announced the procedure for returning assets of Freedom Finance Ukraine LLC clients will commence on 2 August, with payments expected by the end of summer. Clients can apply via depository institutions or the temporary manager from 4 August. The NSSMC will monitor the process to ensure investor rights are protected.
Policy & regulationRules & requirementsClient asset custody and safekeeping
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2025-08-01•Peru•Central Bank of Peru
The Central Bank of Peru reported significant growth in non-traditional exports for June, with fishery, agricultural, and textile exports rising by 133.3%, 13.5%, and 9.9%, respectively, compared to June 2024. Non-traditional fishery exports reached USD 270 million, driven by increased pota biomass availability and higher international prices. Agricultural export growth was bolstered by increased shipments of avocados, cocoa, blueberries, frozen fruits, and mangoes.
Data & statisticsEconomic data and developments
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2025-08-01•West Africa•Central Bank of West African States
The Central Bank of West African States officially launched the Interoperable Platform of the Instant Payment System (PI-SPI) on 30 September 2025, after real-world usage testing began on 5 June 2025. Selected customers from participating banks, microfinance institutions, and electronic money issuers validated performance under live conditions. Participation is restricted to institutions meeting the Central Bank's technical and security criteria.
Policy & regulationImplementation, projects & pilotsPayments and payment systems