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2025-08-01•Georgia•National Bank of Georgia
The National Bank of Georgia has approved its 2025–2027 Market Conduct Supervision Strategy to enhance consumer protection and market conduct supervision. The strategy emphasizes principle-based supervision, proactive risk identification, and thematic inspections, aiming to promote fair competition and safeguard consumer interests. It will be reviewed every three years to adapt to evolving challenges.
SupervisionSupervision approach, priorities & toolkitConsumer and investor protection
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2025-08-01•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) warns against a fraudulent investment scheme by Syed Mohsin Sultan Shah under "MAG Ventures." The scheme, offering partnerships in meat exports with promised monthly profits of 5% to 12%, is linked to unauthorized entities like "Galaxy Traders" and several MAG-named companies. SECP advises against investing with these entities, now on its list of unauthorized companies, and has referred the matter to investigation authorities.
SupervisionAlertsFraud and scams
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2025-08-01•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan announced initiatives to bolster the mutual funds industry, including registering the Mutual Funds Association of Pakistan as a self-regulatory organization, approving a Digital Asset Management Companies Framework, and forming a committee to develop exchange traded funds. These initiatives aim to enhance industry development, investor education, and market growth. Additionally, SECP hosted a focus group session on mutual funds, resulting in a white paper and implementation roadmap.
Policy & regulationRules & requirementsFintech and insurtechMarket development
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2025-08-01•China•Central Bank of the Republic of China
The People's Bank of China and the China Securities Regulatory Commission have issued the Measures for the Supervision and Administration of Financial Infrastructures, effective 1 October 2025, establishing a unified supervisory framework. The measures include criteria for identifying systemically important financial infrastructures, macroprudential management requirements, and updated rules on inspections, penalties, and recovery. The framework aims to standardize supervisory expectations across the sector, focusing on business supervision, risk management, and corporate governance.
Policy & regulationRules & requirementsMarket infrastructure
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2025-08-01•China•Central Bank of the Republic of China
The People's Bank of China (PBOC) engaged with the US-China Business Council to discuss economic and trade relations, macroeconomic policy, and financial sector opening. Deputy Governor Xuan Changneng emphasized the PBOC's commitment to enhancing the foreign investment environment and encouraged US participation in China's financial markets. Council members, including Goldman Sachs and PwC, expressed interest in long-term investment and supporting cooperation.
Policy & regulationCooperationCross-border cooperation
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2025-08-01•China•Central Bank of the Republic of China
The People's Bank of China outlined its strategy for the second half of 2025, focusing on accommodative monetary policy, directing finance to key real-economy priorities, and advancing financial reform and cross-border RMB use. Measures include ample liquidity, reasonable credit growth, and targeted support for technology, consumption, and small businesses. The agenda also emphasizes risk management, local government debt resolution, and cross-border payment system development.
Monetary policyMonetary policy framework & strategy
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2025-08-01•Europe•European Banking Authority
The European Banking Authority (EBA) released the 2025 EU-wide stress test results for 64 banks, revealing a CET1 capital depletion of 370 basis points under a severe adverse scenario, leaving a CET1 ratio of 12%. Despite EUR 547bn in total risk losses, strong income generation mitigated depletion compared to 2023. The results will inform Pillar 2 supervisory assessments and discussions on capital adequacy and distribution plans.
SupervisionReviews, inspections & stress testsStress testing
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2025-08-01•Croatia•Croatian National Bank
The European Central Bank and the European Banking Authority released the 2025 EU-wide stress test results, while the Croatian National Bank published its supervisory stress test outcomes for Croatia's less significant credit institutions. Both tests show banks can withstand significant losses under severe economic downturns. Croatia's institutions demonstrated stronger resilience, with a 58 basis point decline in the Common Equity Tier 1 capital ratio due to higher initial capitalisation.
SupervisionReviews, inspections & stress testsStress testing
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2025-08-01•Portugal•Bank of Portugal
The Bank of Portugal reported that Maastricht-defined general government debt rose by EUR 2.5 billion in June 2025, reaching EUR 287.0 billion, or 98.1% of GDP for Q2 2025. The increase was driven by EUR 2.1 billion in long-term debt securities issuance, with loans and deposit liabilities also contributing. Despite this, net public debt decreased by EUR 1.5 billion to EUR 258.8 billion due to a rise in general government deposit assets.
Data & statisticsBalance of payments and other external statistics
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2025-08-01•Bosnia and Herzegovina•Banking Agency of the Federation of Bosnia and Herzegovina
The Banking Agency of the Federation of Bosnia and Herzegovina has published the list of systemically important banks and their capital buffer rates, based on data as of 31 December 2024. This list was prepared with the Central Bank of Bosnia and Herzegovina, the Banking Agency of Republika Srpska, and the Deposit Insurance Agency of Bosnia and Herzegovina, following the Law on Banks and secondary legislation. Separate rulings will be issued for each designated bank, with details in the Agency's "Publications" section.
Policy & regulationRules & requirementsFinancial stability and systemic risk
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2025-08-01•New Zealand•Department of Internal Affairs
New Zealand's Department of Internal Affairs settled with Christchurch Casinos Limited for breaches of the Anti-Money Laundering and Countering Financing of Terrorism Act 2009. The casino admitted to all seven causes of action and will recommend a NZD 5.06 million penalty to the High Court. DIA's investigation found failures in AML/CFT compliance, account monitoring, customer due diligence, business relationship termination, and recordkeeping. The High Court will determine the final penalty, with no direct involvement of the casino in money laundering or terrorism financing alleged.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-08-01•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia's stress tests, with the ECB and EBA, confirm the Slovenian banking system's stability and capital adequacy under scenarios from 2025 to 2027. Despite this, increased geopolitical risks affect the domestic outlook. The tests highlight the need for continued prudence in capital planning and enhanced operational resilience, including IT and cyber resilience investments.
SupervisionReviews, inspections & stress testsStress testing
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2025-08-01•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority's Q2 2025 Survey on SMEs’ Credit Conditions shows stable credit conditions but a shift towards more difficult bank credit approvals. Excluding uncertain responses, 65% of SMEs viewed credit approval as "similar" or "easier" than six months prior, down from 75%, while 35% found it "more difficult," up from 25%. The HKMA noted potential fluctuations due to small sample sizes and that perceptions may not align with actual credit supply.
Data & statisticsEconomic data and developments
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2025-08-01•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority appointed Mr Zhu Haibin as Executive Director (Research), effective 1 October 2025, following approval by the Financial Secretary. Mr Zhu will oversee research on macroeconomics and financial stability.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-01•Cyprus•Cyprus Securities and Exchange Commission
SCSS Fund Management Ltd has notified the Cyprus Securities and Exchange Commission (CySEC) of the initiation of the dissolution and liquidation of MIRAM RAIF V.C.I.C. LTD under Article 138(7)(a) of the Alternative Investment Funds Law of 2018. The RAIF will remain listed as "under liquidation" until the process is completed, after which CySEC will remove it from the RAIFs Register per Article 138(9).
SupervisionAuthorisations & approvalsOther
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2025-08-01•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced that Kendris Capital Limited has initiated the dissolution and liquidation of ACE I - Multi - Asset Absolute Return Strategy, a compartment of ACE Capital RAIF V.C.I.C. Limited. The compartment will remain registered and marked "under liquidation" on CySEC’s website until the process is completed. CySEC will remove it from the RAIFs Register upon submission of all required documents.
SupervisionAuthorisations & approvalsOther
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2025-08-01•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced that SCSS Fund Management Ltd has initiated the dissolution and liquidation of the investment compartment IMPACTUS FUND OF FUNDS, part of IMPACTUS RAIF V.C.I.C. PLC. The compartment will remain registered and marked "under liquidation" on CySEC’s website until the process is finalized and necessary documents are submitted for its removal from the RAIFs Register.
SupervisionAuthorisations & approvalsOther
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2025-08-01•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency announced Criminal Code amendments, extending liability to collection agency employees for debtor interaction abuses. Effective 16 September 2025, penalties include fines up to 5,000 AEK and potential activity bans. These changes align with Article 5 of the Law on Collection Activities and Article 211-1 of the Administrative Offences Code.
Policy & regulationRules & requirements
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2025-08-01•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has updated its Enforcement Decision-Making Process (EDMP) to enhance clarity, effective 1 August 2025. The revised EDMP outlines the steps for exercising statutory powers in enforcement actions and includes a table of potential sanctions.
EnforcementEnforcement framework
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2025-08-01•Global•Bank for International Settlements
The Bank for International Settlements' 2024 survey of 93 central banks shows widespread CBDC engagement, with wholesale development more advanced than retail. It highlights 91% involvement in CBDC projects, with advanced economies focusing on both types. Additionally, 45% of jurisdictions have enacted stablecoin and cryptoasset regulations, with tokenisation activities in 48%, primarily involving bonds.
ResearchCBDC
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2025-08-01•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan has updated the UZONIA Index methodology to base its calculation on overnight REPO operations, reflecting increased REPO activity in the interbank money market. Previously reliant on deposit operations, the change follows significant REPO growth, averaging 66% of market volume in early 2025. The revision, effective August 1, 2025, was developed with market participants and the Money Market Group.
Policy & regulationRules & requirementsFinancial and market indicators
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2025-08-01•Thailand•Thailand Office of Insurance Commission
Thailand’s Office of Insurance Commission (OIC) held a seminar in Khon Kaen to enhance staff capabilities in handling complaints and mediating insurance disputes, aiming for a unified service standard nationwide. The OIC is revising its rules to create a single framework for complaint handling and mediation, incorporating electronic service channels and an upgraded information system. This initiative seeks to improve coordination with insurers and expedite consumer case settlements.
Policy & regulationRules & requirementsOther
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2025-08-01•Africa•Inter Governmental Action Group against Money Laundering in West Africa (GIABA)
The Inter Governmental Action Group against Money Laundering in West Africa will hold a briefing in Dakar on 26 to 27 August 2025 for diplomats, partners and media executives. It will present its 2024 annual report and use the event to raise AML/CFT awareness among media organizations and seek wider stakeholder support for regional messaging.
Policy & regulationCooperationAML and CFT
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2025-08-01•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reported inflation within the 5% ±2% target, reducing the refinancing rate by 0.75 points to 8.25% in early 2025. Liquidity management included TJS 12.4bn in securities sales and TJS 1.3bn daily in overnight deposits, with the somoni strengthening 9.4% against the USD. The financial sector had TJS 52.2bn in assets, TJS 42.1bn in liabilities, TJS 13.7bn in new lending, growth in cashless payments, and USD 3.0bn in foreign investment.
Monetary policyPolicy rate decisionsOther
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2025-08-01•Global•IOSCO
The International Organization of Securities Commissions (IOSCO) released a report on "finfluencers," examining their impact on retail investor behavior and proposing non-binding good practices for regulators and market intermediaries. It identifies risks like unlicensed advice and fraud, suggesting enhanced monitoring, conflict-of-interest disclosure, and cross-border cooperation. IOSCO plans to collaborate with platform providers to mitigate online risks to retail investors.
Policy & regulationGuidance & interpretationConsumer and investor protectionFinancial literacy and education
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2025-08-01•Sint Maarten & Curacao•Central Bank of Sint Maarten & Curacao
The Central Bank of Curaçao and Sint Maarten reported a record profit of Cg 46.6 million in its 2024 Annual Report, driven by increased net interest income and investment returns. Key developments include the sale and reinvestment of gold reserves, the publication of the Financial Sector Reform Program's final report, and the establishment of a deposit guarantee scheme. In 2025, the bank aims to maintain exchange-rate stability and support sustainable economic growth.
OtherActivity and performance reporting
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2025-08-01•Brazil•Brazilian Pension Funds Authority (PREVIC)
Brazil’s National Complementary Pension Council is consulting on a draft resolution by the Brazilian Pension Funds Authority (PREVIC) to amend CNPC Resolutions No. 40/2021 and No. 50/2022 for closed supplementary pension entities. The proposal aims to enhance predictability and legal certainty in benefit updates and refine rules for key member options, aligning with sector developments under CNPC Resolution No. 59/2023.
Policy & regulationRules & requirementsOther
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2025-08-01•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore (MAS) referred AmazingTech Pte Ltd (ATPL) to the Commercial Affairs Department for investigation after rejecting its Major Payment Institution licence application for the Tokenize Xchange platform. Concerns include insufficient assets to meet customer claims, potential non-segregation of customer assets, and possible false representations to MAS. Director Hong Qi Yu has been charged with fraudulent trading, and police investigations continue.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-08-01•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has updated the Ministry of Finance’s Circular 77/2025/TT-BTC, clarifying "securities business services" and "securities transfers" under Decree 181/2025/ND-CP related to the Value Added Tax Law. Effective 30 July 2025, it outlines services like brokerage, trading, post-trade infrastructure, proprietary trading, market making, underwriting, investment advisory, and fund management. It also details securities transfers via exchange systems, off-exchange, auctions, tenders, and bookbuilding.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-08-01•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has instructed individuals listed in an attached notice to pay a VND 1,000,000 fee for the issuance of a securities practice certificate, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payments can be made via bank transfer to VietinBank or Vietcombank, or directly at the Commission. Failure to complete the procedure within one year of notification will result in certificate cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-08-01•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission issued Notice No. 78/TB-UBCK mandating Mr Vu Manh Tien and others to pay VND 1,000,000 for the (re)issuance of securities practising certificates. Payments, as per the Ministry of Finance’s Circular 25/2022/TT-BTC, can be made via bank transfer or in person. Failure to complete the process within one year will result in certificate cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-08-01•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) launched Mercado de Capitais ABERTO and introduced new rules to enhance market access for smaller issuers, including the FÁCIL regime under Resolutions 231 and 232. It initiated public consultations on financial statement presentation, rating agency regulations, and amendments to CVM Resolution 160. The CVM also issued updates on economic bulletins, circular letters, and enforcement actions, including stop orders and settlement agreements.
Policy & regulationRules & requirementsMarket development
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2025-08-01•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM), with the Financial Innovation Laboratory (LAB) and Fenasbac, announced eight projects for LEAP's first cycle, targeting tech solutions for Brazilian capital markets. Projects cover crowdfunding integration, carbon market transparency, sustainability reporting, compliance automation, and investor suitability. LEAP, part of NEXUS, focuses on early-stage projects from ideation to prototypes.
Policy & regulationImplementation, projects & pilotsFintech and insurtechRegtech and suptech
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2025-08-01•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan revised its regulatory framework for consumer credit cards and lines to mitigate household over-indebtedness and align banks' capital requirements with risks. Key changes include capping credit card limits at five times a borrower's net after-tax income, excluding secured credit lines, and restricting consumer credit lines above this cap to 1% of a bank's Tier 1 capital. Additionally, securities from multilateral development banks with an "A-" rating are now classified as high-quality assets, exempt from extra provisioning.
Policy & regulationRules & requirementsCredit riskPrudential risks
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2025-08-01•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan will conduct a mobile public reception in Biləsuvar on 6 August to enhance consumer and investor rights protection. The event will address financial services-related appeals from citizens in Jabrayil, Kalbajar, Qubadli, Zangilan, and Lachin, with applications accepted through the bank's hotline and WhatsApp channel.
Policy & regulationImplementation, projects & pilotsConsumer and investor protection
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2025-08-01•United Kingdom•Bank of England
The Bank of England's Staff Working Paper No. 1,140 presents a stochastic balance sheet microstructural model to assess solvency and liquidity risks in stress testing for major UK banks. It estimates a historical average one-year bank default probability of 0.7%, declining to 0.3% by 2024 Q1. The research highlights the impact of balance sheet constraints and behavioural responses on default risk and evaluates the effectiveness of prudential tools like the early-2020 dividend restriction.
ResearchStress testing
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2025-08-01•Mozambique•Bank of Mozambique
The Bank of Mozambique has introduced a temporary regime for foreign exchange position limits within its prudential framework for credit institutions. Institutions must not exceed a long FX position of 2% or a short position of 20% of their own funds, with individual currency positions capped at 1% (long) and 10% (short). This applies to all supervised credit institutions, with non-compliance subject to sanctions under Mozambique’s credit institutions law.
Policy & regulationRules & requirementsPrudential risksForeign exchange policy and markets
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2025-08-01•Mozambique•Bank of Mozambique
The Bank of Mozambique issued a circular mandating credit institutions to report foreign exchange position limits and market risk using specific prudential templates, aligning with the exceptional regime for foreign exchange position limits. The temporary reporting applies to templates under Circular No. 1/SCO/2013, with submissions via the Banking Supervision Application. The circular is effective from 1 August 2025 for one year.
Policy & regulationRules & requirementsForeign exchange policy and marketsRegulatory reporting
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2025-08-01•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission's Capital Markets Efficiency Promotion Act reduces the stock transaction tax from 0.6% to 0.1%, boosting investor savings and market liquidity. It standardizes taxation, introduces a 15% capital gains tax on foreign shares, offers a 50% employer tax deduction for retirement contributions, and lowers the documentary stamp tax on original share issuance to 0.75%.
Policy & regulationGuidance & interpretationMarket development
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2025-08-01•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission urged bondholders of 15 Property Perfect Public Company Limited bond series to review information and exercise their rights at an electronic meeting on 6 August 2025. Agenda items include changes to record dates, exemptions from closing the bond register, and debt restructuring measures like maturity extensions and interest rate adjustments. The SEC mandates the bondholders’ representative to analyze the proposals' impacts and encourages bondholders to seek detailed information before voting.
SupervisionOtherCorporate governance
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2025-08-01•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission imposed civil sanctions on six individuals for manipulating the share price and trading volume of Eureka Design Public Company Limited (UREKA), totaling THB 65,946,478. Sanctions include trading bans and prohibitions on serving as directors or executives, with the largest penalties against Mr. Preecha Kraikruan and Mr. Sarayuth Kong-um. If offenders refuse to sign consent letters, the SEC will escalate the matter to the public prosecutor for maximum civil sanctions.
EnforcementSanctions & designationsMarket abuse
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2025-08-01•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Market Authority announced that Best financière sold 547,813 Vicenne shares, reducing its stake below the 33.33% threshold to 29.42%. Best financière plans to halt further sales for six months and is acting in concert with Mr. Adil Bennani.
SupervisionRegulatory reportingOther
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2025-08-01•Malta•Central Bank of Malta
The Central Bank of Malta released a feedback report on consultations for Central Credit Register Version 2, detailing its stance on input from stakeholders, including existing participants.
Policy & regulationGuidance & interpretationRegulatory burden
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2025-08-01•Europe•European Payments Council
The European Payments Council (EPC) announced that the EPC Directory Service (EDS) for the Verification Of Payee (VOP) scheme will go live on 2 September 2025, following an extended pilot. Participants and Routing and/or Verification Mechanisms (RVMs) registered during the pilot will be automatically recognized in live mode. Key data requirements include setting the scheme operational readiness date at least three days in advance and ensuring VOP API endpoints are recorded with the environment set to live.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-08-01•Russia•Central Bank of Russia
The Central Bank of Russia's July 2025 monitoring shows a decline in maximum interest rates on Russian ruble deposits from 17.91% to 16.44% across the month among the top 10 banks by household deposits. The report excludes special-category deposits and rates contingent on conditions, with average maximum rates by maturity ranging from 15.75% for up to 90 days to 14.20% for over one year.
Data & statisticsFinancial and market indicators
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2025-08-01•Chile•Central Bank of Chile
The Central Bank of Chile has enhanced its Statistical Database by adding new datasets in the "Equities" and "Consolidated banking information" sections to improve access to financial data for capital market analysis. The banking section now includes consolidated financial statements for each bank, while the equities section provides monthly stock market data from the Santiago Stock Exchange. Additionally, new Financial Soundness Indicators are published to assess banks' stability and risk exposures.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-08-01•United States•Federal Reserve Board
Federal Reserve Board Governor Adriana D. Kugler will resign effective 8 August 2025 to return to Georgetown University. Kugler, who joined the Board in September 2023, contributed to internal committees on financial stability and regional banking, and represented the Board at the Center for Latin American Monetary Studies.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-01•United States•Commodity Futures Trading Commission
The US Commodity Futures Trading Commission (CFTC) launched a "crypto sprint" under "Project Crypto" to implement recommendations from the President’s Working Group on Digital Asset Markets, aiming to enhance regulatory clarity. This involves coordination with SEC Chairman Paul Atkins and Commissioner Hester Peirce, and builds on previous efforts like a Crypto CEO Forum and new guidance issuance. The CFTC also completed a public comment period on 24/7 trading and perpetual derivatives, active on CFTC-registered markets since April and May.
Policy & regulationImplementation, projects & pilotsFintech and insurtechRegulatory sandbox
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2025-08-01•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets (CNPF) registered additional share issues by CRIO IZVORUL and BASTINA, and approved DRUMURI-BALTI's voluntary takeover offer. In insurance supervision, CNPF mandated INTACT ASIGURARI GENERALE to pay outstanding indemnities and ordered TRANSELIT to address breaches in claims handling and contract terms. The share issues exceed 25% of shares in circulation, activating minority shareholders' rights to request share purchases.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-08-01•Chile•Chile Financial Market Commission
The Chile Financial Market Commission issued General Rule No. 543, amending the Updated Compilation of Rules for Banks to align with the Fintech Act amendments to Articles 37 and 38 of the General Banking Act. Key changes include mandatory office opening hours, customer service mechanisms, and the repeal of the 31 December banking holiday. The CMF also released a Regulatory Report and FAQ addressing consultation feedback.
Policy & regulationRules & requirementsFintech and insurtech
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2025-08-01•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission approved a plan to distribute a Fair Fund, funded by Barclays PLC's USD 200 million civil penalty, to compensate investors for losses tied to over-issued securities. The distribution will occur in two stages, prioritizing American Depositary Receipts (ADRs) before ordinary shares, with recognized losses calculated using a price inflation schedule. Commissioner Hester M. Peirce dissented, citing concerns over potential extraterritorial application of the Sarbanes-Oxley Act and reduced funds for the Treasury.
EnforcementInvestigations & enforcement actionsSecurities offerings and listings
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2025-08-01•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission's Crypto Task Force will host roundtables across the U.S. with Commissioner Hester Peirce. The initiative targets crypto projects with 10 or fewer employees, less than two years old, extending previous discussions in Washington, D.C. Sessions will occur in multiple cities, and the SEC will publish a list of participating projects while accepting written input from those unable to attend.
Policy & regulationImplementation, projects & pilots
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2025-08-01•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission (SEC) has established an Artificial Intelligence Task Force to enhance AI use for innovation and efficiency. Valerie Szczepanik has been appointed as the SEC’s Chief AI Officer to lead this initiative. The task force aims to centralize AI efforts, promote collaboration, and support AI integration across the agency to improve operational capabilities.
Institutional developmentMandate & organizational structureArtificial intelligence
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2025-08-01•Europe•European Central Bank - Banking Supervision
The European Central Bank's 2025 stress test shows the euro area banking system's resilience, with the CET1 ratio dropping by 4.0 points to 12.0% under a severe downturn. Covering 96 banks, it reveals €628 billion in projected losses, mainly from credit and market risks, but with less capital depletion due to strong initial profitability. Findings will inform the Supervisory Review and Evaluation Process (SREP) and guide further supervisory actions.
SupervisionReviews, inspections & stress testsStress testing
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2025-08-01•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) released Community Reinvestment Act (CRA) performance evaluations for 15 national banks and federal savings associations for July 2025. Six institutions received an "outstanding" rating, while nine were rated "satisfactory" based on their ability to meet community credit needs. The OCC's website offers a searchable list of CRA evaluations and upcoming examination schedules.
SupervisionReviews, inspections & stress testsOther
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2025-08-01•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reviewed Agribank's 2020–2025 performance, highlighting improved asset quality, governance, and digital transformation. Key metrics include an NPL ratio of 1.26% and a capital adequacy ratio of 11.19%. Priority actions for 2026–2030 focus on completing restructuring, enhancing digital transformation, and preparing for equitisation.
Policy & regulationReform agendas & prioritiesOther
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2025-08-01•Vietnam•State Bank of Vietnam
The State Bank of Vietnam appointed Nguyen Le Nam as Deputy Director of the Monetary Policy Department for a five-year term, effective under Decision No. 2901/QD-NHNN. Deputy Governor Pham Thanh Ha emphasized the role's significance due to the department's increasing workload and importance.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-08-01•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's Foreign Exchange Management Department will coordinate a joint exhibition booth for the Vietnamese banking sector at Sibos 2025 in Frankfurt. The booth, branded “STATE BANK OF VIETNAM,” will feature Vietcombank, VietinBank, and Agribank under the slogan “Empowering Digital Finance - Building the Bank of Tomorrow.” The event aims to promote digital finance and enhance engagement with international partners.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-08-01•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reviewed anti-corruption and misconduct efforts for the first half of 2025 and outlined future priorities. Key actions include enhancing institutional frameworks, power controls, integrity safeguards, and digital transformation, alongside ongoing coordination with authorities on enforcement. These efforts align with preparations for the 14th National Party Congress in early 2026.
Policy & regulationReform agendas & prioritiesOther
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2025-08-01•Romania•National Bank of Romania
The National Bank of Romania reported an increase in international reserves to EUR 72.864bn as of 31 July 2025, up from EUR 67.627bn the previous month. This rise was driven by inflows from credit institutions’ foreign-currency reserve requirements and Ministry of Finance eurobond issues, while outflows included public debt payments. Gold reserves remained stable at 103.6 tonnes, valued at EUR 9.639bn.
Data & statisticsBalance of payments and other external statistics
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2025-08-01•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's Anti-Money Laundering Department hosted Indonesia's Financial Transaction Reports and Analysis Center (PPATK) to share technical assistance and experiences on implementing Vietnam's FATF commitments. They agreed on a bilateral cooperation plan focusing on technical assistance, advisory support, and enhanced information sharing. Discussions included strengthening Vietnam's anti-money laundering framework and preparing for future mutual evaluations.
Policy & regulationCooperationCapacity buildingAML and CFT
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2025-08-01•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's Region 14 branch conducted a mid-year review of the people's credit fund system, setting supervisory priorities for H2 2025 focused on safer credit growth, governance, and resolving non-performing loans. As of June 2025, Region 14 had 49 licensed funds with VND 4,472bn in operating funds and a 5.53% NPL ratio. Challenges include small scale, high NPLs, and weak compliance, with priorities on cooperative principles, debt management, training, and IT system deployment.
SupervisionSupervision approach, priorities & toolkitLendingSupervision process and methodologies
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2025-08-01•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) met with the Buenos Aires Province Notaries College and the Federal Council of Argentine Notariat to discuss cooperation on regulatory developments related to tokenisation. The meeting addressed applying emerging technologies to markets, particularly real estate, amid modernization and digitalization efforts. Participants committed to maintaining a collaborative relationship for future joint projects.
Policy & regulationCooperationCross-border cooperationTokenization
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2025-08-01•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission updated on the micro and small enterprise financing coordination mechanism, established in October 2024 to enhance bank credit access. As of June 2025, local programs facilitated visits to over 90 million entities, resulting in CNY 23.6 trillion in new credit approvals and CNY 17.8 trillion in new loans. The Commission plans to further improve demand identification and credit channel efficiency with the National Development and Reform Commission.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-08-01•Asia•Eurasian Group (EAG)
The Eurasian Group Secretariat has opened its fourth annual competition for the best financial analysis in anti-money laundering and counterterrorist financing for representatives of financial institutions in member states. Each member state or observer delegation may nominate one anonymized case study. The final is scheduled for Sept. 30, 2025 in Krasnoyarsk, with awards due in November at the 43rd Eurasian Group Plenary in Minsk.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-08-01•Taiwan•Taiwan Financial Services Commission
Taiwan's Financial Supervisory Commission has authorized Chang Hwa Commercial Bank to offer financial products and services to high-asset customers, increasing the number of approved banks to 20. The bank's operational plan includes talent cultivation, product development, risk management, and enhanced governance. This follows the FSC's recent rule amendments expanding bank eligibility and relaxing certain business activity restrictions.
SupervisionAuthorisations & approvalsLicence approval
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2025-08-01•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Supervisory Commission's survey shows 33% of financial and peripheral institutions use AI, with banks leading at 87%. Generative AI is rising for internal operations and customer service, despite challenges like output instability and compliance issues. The FSC plans to monitor AI adoption and promote joint development in anti-fraud AI and risk management.
ResearchArtificial intelligence
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2025-08-01•United Arab Emirates•Central Bank of the UAE
The UAE Central Bank fined an exchange house 10,700,000 AED for violating Anti-Money Laundering and Combating the Financing of Terrorism policies under Article (14) of Federal Decree Law No. (20) of 2018. This follows an examination revealing failures in AML/CFT procedures and sanctions obligations. The measure aligns with the Central Bank's mandate to uphold transparency and integrity in the exchange house sector and protect the UAE financial ecosystem.
EnforcementSanctions & designationsNew sanctions designations
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2025-07-31•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg reported a break-even result for 2024 after net risk provisions of EUR 86.5 million offset pre-provision profits. Total assets decreased by 7.5% to EUR 261.8 billion due to higher funding costs across the Eurosystem. Euro-denominated monetary policy lending dropped by 99.9% following the run-off of TLTRO-III, while net interest income fell to EUR 883 million with a net outflow of EUR 727 million to the Eurosystem.
Data & statisticsAccounting and financial reporting
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2025-07-31•Africa•GABAC
GABAC held a seminar in Bangui from 14 to 18 July 2025 to introduce stakeholders to two UMAC regulations on anti-money laundering, combating terrorism financing, and implementing targeted financial sanctions, involving judicial actors and financial institutions.
Policy & regulationGuidance & interpretationAML and CFT
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2025-07-31•Panama•Panama Superintendencia del Mercado de Valores
Panama's Superintendency of the Securities Market issued Public Communiqué No. 6, emphasizing the deadline for contributions to the consolidated Securities Market Law text.
Policy & regulationGuidance & interpretationOther
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2025-07-31•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority announced that Hamah Capital Company has fulfilled the commencement-of-business requirements and is authorized to conduct the Advising Activity in the Securities Business under a licence granted by a CMA resolution dated 21 October 2024.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-07-31•Colombia•Central Bank of Colombia
The Central Bank of Colombia’s Board issued an external resolution amending its 2000 framework for mandatory investments in Títulos de Desarrollo Agropecuario (TDA), Agricultural Development Bonds.
Policy & regulationRules & requirementsPrudential risks
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2025-07-31•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro reported on a meeting between Governor Irena Radovic and Deposit Protection Fund Director General Vojin Vlahovic, emphasizing deposit protection system stability. As of 30 June 2025, the Fund compensated depositors of Atlas Bank AD Podgorica and Invest Bank Montenegro AD Podgorica with EUR 67 million and EUR 20.5 million, achieving compensation rates of 74.2% and 91.4% respectively. The Fund's assets totaled EUR 232.7 million, with plans to enhance public education on deposit insurance rights.
SupervisionRisk monitoring & watch pointsRecovery and resolution
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2025-07-31•Canada•Financial Consumer Agency of Canada
The Financial Consumer Agency of Canada (FCAC) released a supervisory highlight from a review of six small and medium-sized banks, identifying weaknesses in complaint record-keeping, resolution timeliness, and reporting quality under the Financial Consumer Protection Framework. Issues included incomplete complaint records, failure to meet the 56-day resolution requirement, and reporting gaps. FCAC requires corrective actions from the reviewed banks and urges all Canadian banks to address compliance deficiencies.
SupervisionReviews, inspections & stress testsComplaints and dispute resolution
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2025-07-31•Angola•Angola Insurance Authority (ARSEG)
The Angola Insurance Authority (ARSEG) released a synthesis of its June 2025 report evaluating terrorism financing risk in the insurance and pension funds sector. The summary is accessible on ARSEG's website for further details.
SupervisionRisk monitoring & watch pointsAML and CFT
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2025-07-31•South Africa•National Credit Regulator
The National Credit Regulator released Circular 07 of 2025, titled "Misrepresentations of Debt Review." The circular includes a disclaimer stating that while factual accuracy is prioritized, the regulator cannot guarantee accuracy regarding future events and disclaims liability for any damages from decisions based on the circular's information.
Policy & regulationGuidance & interpretationOther
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2025-07-31•South Africa•National Credit Regulator
South Africa's National Credit Regulator issued Circular Number 6 (July 2025) warning stakeholders about the fraudulent website NCRSwift.org.za.
SupervisionAlertsFraud and scams
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2025-07-31•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo has approved Banka Ekonomike Sh.A.’s acquisition of the Kosovo branch of Türkiye Is Bankasi A.S., consolidating the banking sector and eliminating foreign bank branches in Kosovo. Governed by Chapter V of Law No. 04/L-093, the transaction transfers all assets and liabilities to Banka Ekonomike, with no service interruption for existing customers. The central bank will oversee the acquisition and the transformation of Ziraat Bank’s Kosovo branch into Ziraat Kosova Sh.A.
SupervisionAuthorisations & approvalsLicence approval
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2025-07-31•Panama•Panama Superintendencia del Mercado de Valores
The Panama Superintendency of the Securities Market (SMV) announced an update to the procedure for reporting "hechos de importancia" (material events) via Communiqué No. 5.
Policy & regulationGuidance & interpretationOther
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2025-07-31•Chile•Ministry of Finance (Chile)
Chile's Ministry of Finance announced lawmakers are reviewing a bill to establish an Economic Intelligence Subsystem to combat organized crime, with several provisions already approved. Key measures include enhanced data analysis, operational traceability, and expanded reporting obligations, alongside changes to fine collection procedures and reporting requirements for the Financial Market Commission. The bill is in its second legislative stage, with further article-by-article votes pending.
Policy & regulationRules & requirementsAML and CFT
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2025-07-31•Europe•European Banking Authority
The European Banking Authority (EBA) has initiated a public consultation on draft Implementing Technical Standards to standardize supervisory reporting for third-country branches under the Capital Requirements Directive. The draft standards aim to harmonize formats, definitions, and reporting frequencies across the EU, enhancing oversight through structured data collection and new templates. This approach seeks clearer insights into financial soundness, risk exposures, and intra-group dependencies of branches.
Policy & regulationRules & requirementsSupervisory dataRegulatory reporting
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2025-07-31•Global•ISDA
The International Swaps and Derivatives Association (ISDA) Board of Directors has elected Amy Hong as its new Chair, succeeding Jeroen Krens following his departure from HSBC. Hong, Head of Strategy, Investments and Partnerships at Goldman Sachs, joined the ISDA Board in June 2020.
OtherLeadership change and appointments
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2025-07-31•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Monthly Authorised Deposit-taking Institution Statistics for June 2025, now accessible on its website.
Data & statisticsSupervisory data
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2025-07-31•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Monthly Authorised Deposit-taking Institution Statistics for June 2025, accessible on the APRA website.
Data & statisticsSupervisory data
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2025-07-31•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority signed a strategic cooperation agreement with the Dar es Salaam Stock Exchange to support Tanzania’s financial sector development. The agreement focuses on joint training, improving public understanding of financial products, promoting capital markets, and strengthening financial inclusion. It aims to help insurers raise capital through capital markets and enhance public education on insurance and investment products.
Policy & regulationCooperationMarket developmentDomestic cooperation
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2025-07-31•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market released an infographic to guide Freedom Finance Ukraine LLC clients in reclaiming blocked assets. It details steps based on asset type, actions if appeals fail, and guidance for stakeholders, requiring accounts with depository institutions or investment firms. Payments will commence post-state registration of the Procedure, with updates on the Commission's website and social media.
Policy & regulationGuidance & interpretationClient asset custody and safekeeping
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2025-07-31•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets fined KC Audit & Assurance Services B.V. EUR 250,000 for conducting statutory audits without the required AFM licence. The firm submitted 32 audit engagements, with nine reviewed and found non-compliant. The penalty was reduced from EUR 2 million due to KC Audit’s limited size and financial capacity, despite objections filed by the firm.
EnforcementInvestigations & enforcement actionsAuditing
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2025-07-31•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has authorized Hamah Capital Company to conduct Advising Activity in the Securities Business, following the completion of business commencement requirements. This authorization was granted under a CMA resolution dated 18/04/1446H (21/10/2024G) in accordance with the Capital Market Law and its Implementing Regulations.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-07-31•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus reported updated statistics for June 2025, indicating a decrease in household deposit rates to 1.13% and an increase in consumer and home purchase loan rates to 7.01% and 3.95%, respectively. Interest rates on loans to non-financial corporations fell, with net new lending rising sharply to EUR 642.8 million, primarily driven by loans over EUR 1 million to non-financial corporations.
Data & statisticsMonetary data
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2025-07-31•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released the Quarterly Financial Accounts for the quarter ending March 2025, detailing aggregated financial assets and liabilities by economic sector. The report includes data for various sectors, including non-financial corporations, monetary financial institutions, and households, among others. The publication is available in Greek and English.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-31•El Salvador•Superintendencia del Sistema Financiero de El Salvador
The Superintendency of the Financial System of El Salvador will accept applications for its Register of Valuation Experts from 11 to 22 August 2025. Applicants must comply with the Technical Standards for the Register of Valuation Experts and their Professional Obligations (NRP-27).
SupervisionAuthorisations & approvalsLicence approval
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2025-07-31•Peru•Central Bank of Peru
The Central Bank of Peru reported an 8.4% year-on-year increase in private sector liquidity to PEN 510,130 million in June 2025, driven by higher liquidity in both soles and US dollars. Currency in circulation rose 11.8%, while deposits grew 7.9%, with savings deposits up 16.4% and demand deposits up 9.5%. Month-on-month, total liquidity increased 0.1%, despite a 1.0% decline in liquidity in soles.
Data & statisticsMonetary data
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2025-07-31•El Salvador•Superintendencia del Sistema Financiero de El Salvador
El Salvador's Financial System Superintendence will accept applications for registration in its Register of External Auditors from 11 to 22 August 2025. Applicants must submit documentation as per the Technical Standards for the Register of External Auditors (NRP-16).
SupervisionAuthorisations & approvalsLicence approval
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2025-07-31•Congo•Congo Insurance Regulation and Control Authority
The Congo Insurance Regulation and Control Authority engaged with Equity Group's CEO, Dr. James Mwangi, who expressed interest in the Democratic Republic of the Congo's insurance sector. Dr. Mwangi highlighted the market's attractiveness, ranking it highly in sub-Saharan Africa after South Africa.
Policy & regulationCooperationMarket development
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2025-07-31•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia and the International Finance Corporation (IFC) discussed cooperation to enhance digital financial services and inclusion. Key topics included the central bank's role in digital transformation, integration with EU payment systems, and a new medium-term strategy for payment system development. The IFC emphasized aligning regulatory frameworks with international standards and fostering partnerships among banks, fintech firms, and the private sector.
Policy & regulationCooperationFintech and insurtechFinancial inclusion
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2025-07-31•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (Bappebti) have finalized transferring regulatory responsibilities for digital financial assets, including crypto assets, from Bappebti to OJK. The addendum extends OJK's oversight to crypto asset derivatives, enhancing legal certainty. The transition, formalized on 30 July, aligns with the Financial Sector Development and Strengthening Law, with ongoing coordination to support stakeholders.
Institutional developmentMandate & organizational structureMandate change
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2025-07-31•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has released a consultation paper proposing amendments to the Private Fund Regulations, 2015, aiming to align with global practices. Key changes include consolidating private equity and venture capital under a unified "Private Fund" framework, expanding investor eligibility, and enhancing governance with defined roles for trustees and fund managers. The SECP seeks public and stakeholder feedback on these proposals.
Policy & regulationRules & requirementsOther
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2025-07-31•Georgia•National Bank of Georgia
The National Bank of Georgia released the July editions of its Current Macroeconomic Review and Financial Sector Review. This initiative aims to enhance analytical communication by offering the public detailed economic analysis and data.
Research
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2025-07-31•United States•National Credit Union Administration
In July 2025, the National Credit Union Administration issued one consent-based order and two notices of prohibition, barring three individuals from participating in any federally insured depository institution. Raul Villareal and Ana Alicea, former employees of MERCO Credit Union and Greater Alliance Federal Credit Union, faced theft charges. Brian Socha, a former MassMutual Federal Credit Union employee, consented to the prohibition order to settle claims.
EnforcementSanctions & designations