-
2025-07-30•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Commission de Surveillance du Secteur Financier completed investigations at BGL BNP Paribas regarding anti-money laundering and combatting the financing of terrorism obligations, following a fraud incident involving a Luxembourg charitable foundation. The review assessed the bank's risk-based approach and customer due diligence measures. The CSSF communicated the findings to the bank and considers the supervisory intervention closed.
SupervisionReviews, inspections & stress testsAML and CFT
-
2025-07-30•Portugal•Bank of Portugal
The Bank of Portugal is publishing monthly BPstat statistics on the state personal guarantee scheme for owner-occupied housing mortgages. From January to June 2025, 10,700 contracts worth EUR 2.1 billion were signed, representing 20.5% of contracts and 23.5% of total housing credit value. For borrowers aged up to 35, state-guaranteed loans accounted for 37.4% of contracts and 39.8% of the amount contracted.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-07-30•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) released its 2024 Market Conduct Regulation and Supervision Report, detailing regulatory activities, consumer support metrics, and key conduct risks. In 2024, ASF issued 13 regulatory standards, conducted 2,860 supervisory actions, and addressed 2,068 consumer complaints, with claims handling as a major issue. ASF will continue monitoring health insurance conditions and credit protection insurance conduct risks in 2025.
SupervisionSupervision approach, priorities & toolkitConsumer and investor protection
-
2025-07-30•Botswana•Botswana Non-Bank Financial Institutions Regulatory Authority
The Botswana Non-Bank Financial Institutions Regulatory Authority (NBFIRA) has been certified to the BOS ISO 9001:2015 Quality Management System standard by the Botswana Bureau of Standards. This follows a two-year internal review and process enhancement under NBFIRA's "Ntlafatso" project, aimed at consistent service delivery and continuous improvement. The milestone was celebrated with participation from Botswana’s Ministry of Finance and NBFIRA’s board leadership.
Institutional developmentCooperation & capacity buildingOperational excellence
-
2025-07-30•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance, Ministry of Labour and Social Security, and the Independent Authority for Public Revenue extended deadlines for tax and social security filings due to illness, childbirth-related hospitalisation, or accountant's death. Extensions cover filings due during hospitalisation or up to 30 days after death, with digital or specified submissions. Penalties for late filings from 10 April 2023 are cancelled, and refunds are issued for amounts already paid.
Policy & regulationRules & requirementsOther
-
2025-07-30•Laos•Bank of the Lao
The Bank of the Lao hosted a delegation from the ASEAN+3 Macroeconomic Research Office (AMRO) for a briefing on Lao PDR's macroeconomic conditions and AMRO's recent work. Led by Yasuto Watanabe, the delegation met Deputy Governor Sulisak Thanuvong and discussed AMRO's surveillance activities and forward work plan. The Bank of the Lao emphasized AMRO's technical assistance, including staff secondments for capacity building.
Institutional developmentCooperation & capacity buildingOther
-
2025-07-30•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority has released an External Dispute Resolution response guide for travel insurance complaints, urging insurers to use it immediately to enhance response quality and efficiency. Insurers must align responses with the guide for complaints referred back from 14 August 2025, even if disputing AFCA's jurisdiction.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
-
2025-07-30•United States•National Futures Association
The National Futures Association ordered Traders Edge Inc, an introducing broker, to withdraw from membership following a complaint and settlement offer. Allegations included misleading trading results, inadequate fee disclosure, and failure to supervise operations, violating multiple NFA Compliance Rules.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
-
2025-07-30•Ethiopia•National Bank of Ethiopia
The National Bank of Ethiopia and the Ministry of Agriculture launched the National Agri Finance Implementation Roadmap (NAFIR) for 2025–2030 to enhance agricultural finance. The roadmap includes a National Agri-Finance Accelerator for wholesale finance, a Farmer Access to Streamlined Financial Services framework for expedited loan processes, and an Agri-Finance Centre of Excellence for stakeholder coordination and capacity-building.
Policy & regulationImplementation, projects & pilotsSME financing
-
2025-07-30•Philippines•Department of Finance (Philippines)
The Philippines' Department of Finance announced that Finance Secretary Ralph G. Recto has facilitated Revolut's entry into the Philippine market, with plans to establish a Global Tech Hub in Manila. This move follows investor engagements in London, Davos, and Manila, and marks Revolut's second Asian hub after India. The hub aims to support Revolut's Southeast Asia expansion, leveraging the Philippines' talent pool and consumer demographics.
Policy & regulationImplementation, projects & pilotsFintech and insurtechMarket development
-
2025-07-30•Latin America•Financial Action Task Force of Latin America (GAFILAT)
The Financial Action Task Force of Latin America (GAFILAT) held a high-level meeting in San Salvador with El Salvador's President and national authorities to discuss regional anti-money laundering and counter-terrorist financing (AML/CFT) priorities. Part of GAFILAT’s 51st Plenary, the meeting focused on strategies to combat transnational organized crime and enhance detection of illicit financial flows. El Salvador reaffirmed its commitment to strengthening its AML/CFT system and international cooperation.
Policy & regulationCooperationAML and CFTCross-border cooperation
-
2025-07-30•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) is consulting on amending the law for Administrative Service Providers (ASPs) to ensure authorisation ceases only after CySEC issues a withdrawal decision. This change would allow CySEC to review waiver circumstances and require steps for an orderly wind-down, aligning with practices for other supervised entities.
Policy & regulationRules & requirementsLicence withdrawal
-
2025-07-30•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 reissued the licence of Alatau City Garant Insurance JSC for general insurance activities, following its renaming from Jusan Garant Insurance JSC.
SupervisionAuthorisations & approvalsLicence approval
-
2025-07-30•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 reported continued growth in lending and deposits as of 1 July 2025, with asset quality stable and capital adequacy above statutory norms. Loans to the economy increased by 2.3% in June to KZT 36.3 trillion, while resident deposits rose 1.8% to KZT 42.2 trillion, reducing deposit dollarisation to 21.6%. The banking sector's net profit for the first half of 2025 was KZT 1.4 trillion.
SupervisionRisk monitoring & watch pointsLendingAsset quality
-
2025-07-30•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 Kazakhstan has enacted amendments to enhance consumer protection for unsecured consumer credit, focusing on online lending and fraud-related losses. Measures include a mandatory "decision-making period" before loan disbursement, in-person application requirements for first-time borrowers, and expanded grounds for debt write-offs on fraudulent loans. Banks are authorized to suspend transactions when fraud indicators are detected.
Policy & regulationRules & requirementsLicence approval
-
2025-07-30•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 Kazakhstan reported a 2.3% increase in insurance and reinsurance assets in June, reaching KZT 3.4 trillion, with a 10.6% rise since early 2025. Insurance premiums totaled KZT 125.5 billion in June and KZT 800.1 billion year to date, a 19.5% increase from 2024. The sector's liabilities rose 1.7% in June to KZT 2.4 trillion, while equity increased 3.8% to KZT 1.0 trillion, driven by higher retained earnings and a net profit of KZT 109.7 billion year to date.
SupervisionRisk monitoring & watch pointsLiquidity riskPrudential risks
-
2025-07-30•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 Kazakhstan reported a 9.5% increase in stock market capitalisation to KZT 34.0tn and an 8.2% rise in the KASE Index to 6,018.56 points in June 2025. Share trading volume grew 13.8% to KZT 27.2bn, while corporate bond trading fell 20.6% to KZT 589.9bn due to lower primary-market activity. Outstanding government debt increased 2.3% to KZT 30.0tn, with government securities trading up 1.7% to KZT 766.1bn.
Data & statisticsFinancial and market indicatorsMarket development
-
2025-07-30•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 Kazakhstan reviewed 14,962 borrower complaints in June 2025, a 2.0% increase from May, and applied supervisory measures to financial institutions. Banks accounted for 51.8% of submissions, with microfinance organisations and collection agencies following. The agency also reported progress in its mortgage loan refinancing programme, refinancing 32.9 thousand loans totalling KZT 208.1bn and converting 15.9 thousand foreign-currency loans totalling KZT 114.0bn.
SupervisionInterventionsLending
-
2025-07-30•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority announced updated sanctions information from the Isle of Man Treasury, covering Russia-related financial sanctions and the Global Irregular Migration and Trafficking in Persons regime. The update includes references to specific Russia General Licences and directs firms to the Treasury’s Sanctions and Export Control webpage for current notices. Notifications can be received via the Isle of Man sanctions RSS feed and the UK Treasury’s email alert service.
Policy & regulationGuidance & interpretationSanctions list update
-
2025-07-30•Türkiye•Banking Regulation and Supervision Agency
Turkey's Banking Regulation and Supervision Agency released its June 2025 Banking Sector Monthly Bulletin, detailing financial data submitted by institutions under the Banking Law and supervisory regulations. The bulletin aims to enhance transparency and public information.
Data & statisticsSupervisory data
-
2025-07-30•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has updated the regulation on unclaimed insurance monies, setting new notification requirements. Beneficiaries must be notified via a durable medium for amounts of TRY 100 and above, and by registered mail for amounts of TRY 1,000 and above if unreachable. These thresholds will adjust annually with the consumer price index.
Policy & regulationRules & requirementsOther
-
2025-07-30•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of Uzbekistan created a National Charter to implement the Women’s Entrepreneurship Financial Code, supporting women's entrepreneurship. A coalition, led by the Central Bank, approved commitment letters to enhance women's financial inclusion. Developed with the European Bank for Reconstruction and Development and ConsumerCentriX, the initiative involves 17 financial institutions and includes monitoring and evaluation mechanisms.
Policy & regulationImplementation, projects & pilotsDiversity and inclusion
-
2025-07-30•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan met with Visa International Service Association to discuss enhancing digital financial services and cashless payments. Visa presented a business plan to expand payment services and technologies, including Visa+ transfers, Google Pay, GarminPay, and reduced interchange fees. Central bank chairman Firdavs Tolibzoda expressed support for Visa's initiatives and ongoing collaboration.
Policy & regulationImplementation, projects & pilotsOther
-
2025-07-30•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina reported annual core inflation at 4.24% and services sector inflation at 4.72% for the first half of 2025. Inflation pressures rose in June, but core inflation changes were less pronounced due to lower weightings. The estimates align closely with the June core inflation nowcast, which was 13 basis points lower.
Data & statisticsEconomic data and developments
-
2025-07-30•Liberia•Central Bank of Liberia
The Central Bank of Liberia has launched its financial education and literacy program and PAPSS in Nimba County as part of a nationwide rollout. The initiative combines community-based financial planning training with outreach on PAPSS for cross-border payments in local currencies. Twelve local mobilizers were certified in Nimba, with further county sessions planned.
Financial literacy & educationFinancial literacy and education
-
2025-07-30•Spain•Bank of Spain
The Bank of Spain has updated its 2026 Other Systemically Important Institutions (O-SIIs) list, maintaining the 2025 members: Banco Santander, Banco Bilbao Vizcaya Argentaria, CaixaBank, and Banco de Sabadell. The Common Equity Tier 1 (CET1) buffer rates remain unchanged except for Banco Bilbao Vizcaya Argentaria, which decreases from 1.0% to 0.75% due to a lower systemic importance score. This decision has been communicated to relevant authorities, including the European Central Bank and the European Systemic Risk Board.
Policy & regulationRules & requirementsCapital adequacyFinancial stability and systemic risk
-
2025-07-30•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority (IFSCA) received a report from its Working Group on Alternate Risk Transfer, assessing the feasibility of issuing insurance-linked securities (ILS) like catastrophe bonds from GIFT IFSC. Recommendations include setting up a Special Purpose Insurer, establishing an issuance framework for ILS, and restricting sales to "Qualified Investors." The report is available on the IFSCA website.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
-
2025-07-30•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand released financial inclusion indicators revealing that while 97% of adults in Aotearoa New Zealand have a deposit account, access to financial services varies by age, income, and ethnicity, with notable disparities for Māori and rural residents. Māori-owned businesses received NZD 3.5 billion in lending, accounting for 2% of total business lending.
Data & statisticsFinancial inclusion
-
2025-07-30•United States•New York State Department of Financial Services
The New York State Department of Financial Services, with the NYPD and Queens District Attorney, announced charges against Jaime Huiracocha and Victor Murillo for allegedly staging vehicle collisions to claim insurance payouts. Charges include insurance fraud, conspiracy, and reckless endangerment, with claims exceeding USD 79,000. Both defendants have been arraigned and face potential prison sentences of five to 15 years if convicted.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2025-07-30•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported on the 30th Executives’ Meeting of East Asia-Pacific Central Banks Governors’ Meeting in Bangkok, highlighting EMEAP's achievements and future priorities. Key themes for the next three years include geopolitical tensions, inflation dynamics, digitalisation, AI adoption, and climate threats, focusing on enhanced coordination among EMEAP Working Groups. The Monetary Authority of Singapore will host the next meeting in 2026.
Policy & regulationCooperationCross-border cooperationMonetary policy decisions and developments
-
2025-07-30•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released a report on insurers' handling of claims after the 2023 Auckland floods and Cyclone Gabrielle, noting improved processes but identifying areas needing enhancement for fair consumer treatment. Based on a survey of seven insurers, the report will guide the FMA's supervision under the Conduct of Financial Institutions regime, focusing on product reviews, complaints awareness, and consumer communication.
SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
-
2025-07-30•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority's report on insurers' claims handling after the Auckland Anniversary Weekend Floods and Cyclone Gabrielle identifies areas for improvement despite progress since the Canterbury earthquakes. It highlights six priority areas, including clearer communication, better project management, and enhanced support for vulnerable customers, linking findings to the Conduct of Financial Institutions regime with a focus on product and service reviews in Fair Conduct Programmes.
SupervisionSupervision approach, priorities & toolkitClaims management
-
2025-07-30•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has released a draft memorandum for public comment, proposing the adoption of Philippine Financial Reporting Standards S1 and S2, and Sustainability Reporting Guidelines for publicly-listed companies and large non-listed entities. It introduces phased mandatory sustainability reporting based on market capitalisation and revenue, with mandatory limited assurance over Scope 1 and 2 greenhouse gas emissions. Transition reliefs and exemptions are outlined, with full compliance required by fiscal year 2028.
Policy & regulationRules & requirementsClimate risk and sustainable finance
-
2025-07-30•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission, Financial Supervisory Service, and Korea Exchange have launched a joint response team to combat stock market manipulation, enhancing the Korea Exchange's Market Surveillance Committee. The initiative aims to integrate operations, employ AI for improved surveillance, and expedite investigations. Securities and Futures Commission Chair Kwon Dae-young emphasized sanctions exceeding illicit profits and measures to prevent manipulators from trading or holding executive positions.
Policy & regulationImplementation, projects & pilotsMarket abuse
-
2025-07-30•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) reported BRL 378.9bn in securities issuance for Q2 2025, with significant growth in crowdfunding offers. Commercial notes and Credit Rights Investment Funds rose 24% to BRL 95.5bn, while the number of CVM-regulated participants increased 3.3% year on year. The regulated market is estimated at BRL 42.54tn, with investment funds up 11.5% to BRL 10.27tn.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-07-30•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia has charged former unit trust consultant Nadihah binti Nawi with securities fraud at the Kuala Lumpur Sessions Court. She allegedly defrauded two investors of RM20,000 by misrepresenting unit trust investments in Kenanga Investors Berhad. Nadihah, who claimed trial, faces up to 10 years' imprisonment and a minimum fine of RM1 million if convicted.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2025-07-30•Poland•Ministry of Finance (Poland)
Poland's Ministry of Finance and Economy proposed a draft bill to make financial penalties for insurers' late handling of motor insurance claims discretionary, not mandatory. This change, part of the government's deregulation agenda, aims for more efficient and proportionate supervision by the Polish Financial Supervision Authority. The bill, adopted by the Council of Ministers, will take effect 14 days after publication in Poland’s Journal of Laws.
Policy & regulationRules & requirementsSupervision process and methodologies
-
2025-07-30•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan's "Effective Governance and Macroeconomic Indicators" working group reviewed its annual activity plan progress in a videoconference on 29 July 2025. Key topics included budget transparency, debt sustainability, state regulation, monetary freedom, the Global Innovation Index, and natural resource management. The group emphasized the need for improved communication of completed work.
Policy & regulationCooperationOther
-
2025-07-30•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan held its first meeting of the sub-working group on macroeconomic resilience to aid the 2027–2030 socio-economic development strategy. Discussions emphasized the importance of resilience for growth, shock resistance, and social welfare. Central Bank Chair Taleh Kazimov noted positive outcomes from the 2022–2026 strategy, including inflation control and increased financial sector depth, while stressing the need for enhanced policy frameworks for future resilience.
Policy & regulationReform agendas & prioritiesMacroprudential policy and tools
-
2025-07-30•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia imposed a MYR 2,850,000 penalty on Bank Kerjasama Rakyat Malaysia Berhad for non-compliance with the Development Financial Institutions Act 2002 and the Risk Management in Technology Policy Document due to multiple unplanned downtimes between June 2023 and December 2024. These outages disrupted critical banking services and exceeded permitted downtime thresholds. BKRM has since enhanced its recovery capabilities and IT infrastructure, while BNM emphasized the importance of high technology resilience in financial institutions.
EnforcementInvestigations & enforcement actionsOperational risk and resilience
-
2025-07-30•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia fined Bank Islam Malaysia Berhad MYR 3,445,000 for breaches of the Islamic Financial Services Act 2013 and related policies. The penalties addressed service disruptions and sanctions screening failures. Bank Islam has implemented remedial measures, including IT infrastructure enhancements and improved sanctions screening systems.
EnforcementInvestigations & enforcement actionsAML and CFTCompliance
-
2025-07-30•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia imposed a RM995,000 Administrative Monetary Penalty on Bank Simpanan Nasional for breaching the Development Financial Institutions Act 2002 and Risk Management in Technology Policy Document requirements on critical system availability. The violations involved multiple unplanned downtimes affecting e-banking and card systems beyond allowed thresholds. BSN has since improved its IT infrastructure and recovery capabilities.
EnforcementInvestigations & enforcement actionsOperational risk and resilience
-
2025-07-30•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has introduced a new Engagement Hub, replacing the Consultation Hub as the main online platform for regulatory engagement. The Hub will facilitate consultations, publish discussion papers, and provide feedback to the industry, while maintaining access to previous documents on the Commission's website.
Policy & regulationImplementation, projects & pilotsOther
-
2025-07-30•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission confirmed no plans to mandate sustainability disclosure standards, allowing voluntary disclosures per ISSB Standards. Respondents supported a proportionate, flexible approach. The paper accompanies consultations on amending the Financial Sector Code of Corporate Governance to address biodiversity risks and clarifying that greenwashing is prohibited under existing licensing criteria.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
-
2025-07-30•Ukraine•Ministry of Finance (Ukraine)
The Ministry of Finance of Ukraine announced that the High Court of Justice in London upheld PrivatBank's claims against its former owners, Ihor Kolomoisky and Gennady Bogolyubov, for misappropriating nearly USD 2 billion. The court found that funds were diverted through a complex loan recycling scheme. A hearing in October 2025 will determine the repayment amount, expected to exceed USD 2 billion.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2025-07-30•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority (FSA) issued a scam alert regarding the website www.taurexus.com, which is not linked to any FSA-licensed entity. The FSA advises the public to thoroughly research entities before engaging in financial transactions and reminds that it will not be liable for interactions with the website.
SupervisionAlertsUnlicensed or unauthorized activityFraud and scams
-
2025-07-30•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission stressed the importance of credible data and transparency in sustainable finance during Commissioner Javey Paul D. Francisco's keynote at CRIF Forum 2025. He highlighted the need for businesses to integrate data-driven sustainability strategies, noting that verifiable ESG data is crucial for market credibility. He also referenced the Commission's initiatives, including sustainability reporting guidelines and alignment with global standards, to support this transition.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
-
2025-07-30•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority (PRA) plans to transfer most definitions from the Capital Requirements Regulation (CRR) into the PRA Rulebook Glossary, updating Supervisory Statement 13/13 on market risk. This aims to maintain continuity as HM Treasury revokes CRR provisions, aligning with Basel 3.1 credit risk rules. The changes affect PRA-authorised UK banks, building societies, investment firms, and insurers, with implementation expected on 1 January 2027.
Policy & regulationRules & requirementsPrudential risks
-
2025-07-30•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee's minority leadership, led by Elizabeth Warren, criticized the Trump Administration for sanctioning a Brazilian Supreme Court Justice under a U.S. financial sanctions program. They argued this misuses a foreign policy tool and targets a judicial official in a politically sensitive trial. They also warned that related tariffs could raise prices for U.S. consumers on goods like beef and coffee.
OtherSanctions list update
-
2025-07-30•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs advanced the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025, marking the first bipartisan housing markup in over a decade. Chairman Tim Scott highlighted Federal Reserve renovation overspending and introduced a draft for digital asset market structure legislation to enhance regulatory clarity and support innovation.
Policy & regulationReform agendas & prioritiesOther
-
2025-07-30•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee introduced the Unleashing AI Innovation in Financial Services Act, a bipartisan bill to promote AI use in financial services through regulatory sandboxes at federal agencies. The proposal (H.R. 4801) would establish "AI Innovation Labs" for supervised firms to experiment with AI, aligning with the Trump Administration’s AI Action Plan. The initiative emphasizes experimentation with safeguards and consumer protection.
Policy & regulationRules & requirementsArtificial intelligence
-
2025-07-30•United Kingdom•HM Treasury
HM Treasury’s Office of Financial Sanctions Implementation (OFSI) fined Markom Management Limited GBP 300,000 for breaching UK financial sanctions against Russia, linked to a payment of GBP 416,590.92 to a designated person. OFSI emphasized the need for firms to assess sanctions risk, maintain compliance processes, and manage payment risks. Additionally, OFSI launched a consultation on enhancing enforcement processes, proposing to double penalties for severe breaches and expedite resolutions.
EnforcementInvestigations & enforcement actionsSanctions list update
-
2025-07-30•United States•Federal Deposit Insurance Corporation
The FDIC has issued guidance for institutions in Lincoln County, New Mexico, affected by severe weather. It includes regulatory relief for operational continuity, prudent loan accommodations, and expectations for evaluating loan modifications under accounting standards. It also highlights Community Reinvestment Act considerations and offers flexibility on reporting delays and branch actions.
Policy & regulationGuidance & interpretationOther
-
2025-07-30•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) issued supervisory relief for institutions affected by June 2025 storms in West Virginia, following a federal disaster declaration. The relief supports lending and customer assistance, allowing flexibility in regulatory and operational requirements. Institutions are encouraged to notify the FDIC of disaster-related delays in filings, with expedited processing for temporary banking facilities.
SupervisionSupervision approach, priorities & toolkitOther
-
2025-07-30•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission's Division of Market Oversight issued a no-action letter, indicating it will not pursue enforcement against a swap execution facility lacking a central limit order book as per CFTC Regulation 37.3(a)(2). This applies to swap transactions on the facility not subject to the trade execution requirement in Commodity Exchange Act section 2(h)(8).
EnforcementInvestigations & enforcement actionsTrading
-
2025-07-30•Chile•Chile Financial Market Commission
The Chile Financial Market Commission's June 2025 report indicates subdued bank lending with a 0.49% real contraction, driven by commercial loans, while cumulative profits rose 9.07% to USD 482 million. Consumer loans grew for the second consecutive month, and housing loans expanded at a slower pace. Savings and credit cooperatives saw a 6.5% real increase in total loans, with profits up 44.59% to USD 13 million.
SupervisionRisk monitoring & watch pointsFinancial and market indicatorsSupervisory data
-
2025-07-30•Greece•Hellenic Capital Market Commission
The Hellenic Capital Market Commission approved PE Sub Holdings, LLC's mandatory public offer for Intralot S.A. and imposed penalties on two firms for anti-money laundering (AML) breaches. Eurobank Equities AEPEY was fined EUR 10,000, and Ethniki Asset Management SA was fined EUR 5,000 for violations of AML-related organisational obligations under Law 4557/2018.
EnforcementInvestigations & enforcement actionsAML and CFT
-
2025-07-30•Vietnam•State Bank of Vietnam
The State Bank of Vietnam launched the 2025 Knowledge Partnership Program (KPP) with the Bank of Korea and Chungnam National University to enhance balance of payments statistics capacity. The program supports research and statistical capabilities for monetary policy and financial stability. The kickoff meeting included presentations on current practices and frameworks, concluding with signed minutes of discussion for implementing the KPP.
Institutional developmentCooperation & capacity buildingOther
-
2025-07-30•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) has appointed Adam Cohen as Senior Deputy Comptroller and Chief Counsel, overseeing the agency’s legal function and joining its Executive Committee. Cohen will manage the OCC’s Law Department, providing legal analysis and advisory services across various areas, and advising on policy and operational initiatives.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2025-07-30•Vietnam•State Bank of Vietnam
The State Bank of Vietnam held a workshop on Circular 14/2025/TT-NHNN, detailing Basel III-style capital buffers and regulatory capital ratio calculations for banks. The circular outlines requirements for Common Equity Tier 1, Tier 1 capital, and minimum capital adequacy ratios, introducing buffers for capital conservation, countercyclical measures, and systemically important banks. It also updates operational risk requirements and maintains counterparty credit and market risk provisions from Circular 41.
Policy & regulationRules & requirementsCapital adequacy
-
2025-07-30•Vietnam•State Bank of Vietnam
At a workshop, State Bank of Vietnam Deputy Governor Pham Tien Dung emphasized tech-enabled credit scoring and automated risk management for online lending, aligning with digital transformation goals. Circular 12/2024 permits online loans up to VND 100 million, while Circulars 31/2024 and 14/2025 mandate internal credit rating systems. The Vietnam Banks Association highlighted weaknesses in current rating approaches, urging a shift towards integrated data products for better credit assessment.
Policy & regulationGuidance & interpretationCredit riskArtificial intelligence
-
2025-07-30•Malta•Malta Financial Services Authority
The Malta Financial Services Authority issued a Dear CEO letter to companies listed on the Malta Stock Exchange, outlining supervisory expectations for improved market disclosures. A 2024 review revealed delays, inconsistencies, and accessibility issues in company announcements. The MFSA expects enhancements in financial calendars, timely updates, digital formats, and transparency in shareholder rights, with ongoing monitoring through guidance and reviews.
SupervisionRegulatory reportingDisclosures
-
2025-07-30•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) met in Buenos Aires with a U.S. congressional delegation and embassy officials to discuss Argentina's recent capital market regulations, including those on Virtual Asset Service Providers (PSAVs) and tokenization. CNV President Roberto E. Silva highlighted regulatory advancements and the importance of dialogue with U.S. officials. The U.S. delegation, led by House Financial Services Committee Chair French Hill, also met with key Argentine government figures.
Policy & regulationCooperationFintech and insurtechTokenization
-
2025-07-30•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission has initiated a public consultation on a draft General Resolution to implement an automatic authorisation regime for open mutual funds. This regime would streamline approvals for funds within the same "family" by allowing automatic authorisation of subsequent funds and non-substantive amendments after the initial fund is approved. The proposal also includes a simplified filing process for certain amendments to existing funds' management regulations.
Policy & regulationRules & requirementsLicence approval
-
2025-07-30•China•China Banking and Insurance Regulatory Commission
Li Yunze, Party secretary and director of the China Banking and Insurance Regulatory Commission, visited the Tibet Autonomous Region to assess financial services' role in supporting regional development and major projects. He emphasized tailoring financial supply to local conditions, improving service quality, and enhancing risk management. Li also called for stronger local supervision and adherence to the Central Committee’s rules.
SupervisionSupervision approach, priorities & toolkitDomestic cooperation
-
2025-07-30•United States•The White House
The White House released a fact sheet on the President’s Working Group on Digital Asset Markets report, recommending regulatory and legislative actions under Executive Order 14178. Key proposals include a federal market structure for digital assets, clearer banking rules for crypto services, and legislation to enhance CFTC oversight of non-security digital assets. The report also urges implementing the GENIUS Act stablecoin framework and calls for Congress to pass the Anti-CBDC Surveillance State Act.
Policy & regulationReform agendas & priorities
-
2025-07-30•Moldova•National Bank of Moldova
The National Bank of Moldova has implemented a regulation for supervising currency exchange units, effective 30 July 2025. This regulation was approved by the Executive Committee through Decision No. 163 and published in the Official Monitor of the Republic of Moldova.
Policy & regulationRules & requirementsOther
-
2025-07-30•Moldova•National Bank of Moldova
The National Bank of Moldova has issued a regulation detailing the supervision of non-bank payment service providers, effective 30 July 2025. This regulation was approved by the Executive Committee under Decision No. 162 and published in the Official Monitor of the Republic of Moldova.
Policy & regulationRules & requirementsPayments and payment systems
-
2025-07-30•Moldova•National Bank of Moldova
The National Bank of Moldova has set a countercyclical capital buffer rate of 0.5% for credit exposures in Moldova, effective six months post-publication. This decision follows a review of Q4 2024 data, showing a private sector credit-to-GDP ratio of 97.8% and a credit-to-GDP gap of +2.7%. Banks are required to maintain records of applicable CCyB rates for accurate buffer calculations, with the rate reviewed quarterly.
Policy & regulationRules & requirementsMacroprudential policy and tools
-
2025-07-30•Luxembourg•Luxembourg Commissariat aux Assurances
The Luxembourg Commissariat aux Assurances released its 2024/2025 annual report, including 2024 key figures and an annex to the report.
Institutional developmentOtherRegulatory reporting
-
2025-07-30•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority issued Consultation Paper No. 8 of 2025, proposing enhancements to its regulatory framework to align with IOSCO standards. Key proposals include prohibiting misleading conduct, powers to suspend permissions, impose prudential directions, and enhanced disclosure requirements. Additional amendments address client asset protection, auditor appointments, complaints handling, and record-keeping.
Policy & regulationRules & requirementsRegulatory burden
-
2025-07-30•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE has revoked the licence of Al Nahdi Exchange and removed it from the official register due to significant non-compliance with Anti-Money Laundering and Combating the Financing of Terrorism and Illegal Organisations and Sanctions framework. This enforcement action was taken under Article 137 of Decretal Federal Law No. 14 of 2018.
EnforcementSanctions & designationsAML and CFTCompliance
-
2025-07-29•Ghana•Ghana National Insurance Commission
The Ghana National Insurance Commission published a policy paper assessing the impact of Ghana's 24-Hour Economy blueprint on risk exposures and necessary changes in the insurance sector. It highlights the need for agile supervision, product innovation, and enhanced claims capabilities to support round-the-clock operations. It also discusses efforts to expand insurance penetration, particularly in agriculture, aiming to double penetration over the next three years.
Policy & regulationReform agendas & prioritiesOther
-
2025-07-29•Ghana•Ghana National Insurance Commission
The Ghana National Insurance Commission, led by acting Commissioner Dr. Abiba Zakariah, announced a strategic "reset" for the insurance sector to enhance efficiency, fairness, and market stability, focusing on the informal sector. The strategy includes market sanitization, increased penetration through initiatives like an Insurance Penetration Committee and digital tools, and positioning Ghana as an African insurance hub. Stakeholder consultations and plans for compulsory insurance enforcement and regional pool expansion are in progress.
Policy & regulationReform agendas & prioritiesMarket developmentSupervision process and methodologies
-
2025-07-29•Chile•Ministry of Finance (Chile)
Chile's Ministry of Finance announced the "More Women on Boards" law, promoting gender diversity on boards overseen by the Financial Market Commission. The law introduces a "comply or explain" model with a suggested cap on the overrepresented sex, moving to 60%, and includes potential mandatory quotas for non-compliance. An advisory committee will assist in implementation, and companies with strong gender equity may receive public procurement recognition.
Policy & regulationRules & requirementsDiversity and inclusion
-
2025-07-29•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic reported remittances in the first half of 2025 reached USD 5,826.7 million, an 11.2% year-on-year increase. Governor Héctor Valdez Albizu emphasized their role in supporting consumption, investment, and financing for vulnerable sectors. The bank's 2025 outlook anticipates strong foreign currency inflows from tourism, foreign direct investment, exports, and remittances, projecting USD 11.3 billion in remittances and USD 4.7 billion in foreign direct investment by year-end.
Data & statisticsOther
-
2025-07-29•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced that trading in Celyad Oncology financial instruments will resume on Euronext Brussels on 29 July 2025 at 09:00 CET.
SupervisionAuthorisations & approvalsTrading
-
2025-07-29•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority (CMA) released its fourteenth annual report, detailing a 62% completion of its 2023/2024–2026/2027 strategy, including 50 out of 127 sub-initiatives. Key achievements include progress on the Capital Market System Development Program, implementation of a securities-based FinTech regulatory framework, and issuance of rules for inter-registration funds. The report also outlines future initiatives and preparation for the next strategic phase to 2031.
Policy & regulationImplementation, projects & pilotsActivity and performance reporting
-
2025-07-29•France•France Autorite des marches financiers
France's Financial Markets Authority (AMF) and the Prudential Supervision and Resolution Authority (ACPR) warned about unauthorised actors offering investments in the unregulated Forex market and crypto-asset derivatives. Since early 2025, 30 Forex and 13 crypto-asset derivatives websites have been blacklisted. Investors should verify intermediary authorisation via public registers like REGAFI and ORIAS and avoid solicitations from unlisted entities.
SupervisionAlertsUnlicensed or unauthorized activity
-
2025-07-29•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) aims to strengthen the pension system and enhance financial education, noting low and irregular contributions limit access to minimum pensions. Superintendent Francisco A. Torres highlighted that only 20% of affiliates contribute regularly, with pension fund assets totaling RD$1.45 trillion, representing 20% of GDP. Torres reassured affiliates that accounts remain secure and emphasized updating contact information and exploring long-term savings options.
Financial literacy & educationFinancial literacy and education
-
2025-07-29•Australia•Australian Securities & Investments Commission
ASIC has charged Donald James Cuthbertson, former director of Professional Wealth Management Pty Ltd, with six counts of dishonest conduct under section 1041G of the Corporations Act. Alleged misrepresentations to investors between December 2018 and October 2019 led to losses of at least AUD 850,000. The case, prosecuted by the Commonwealth Director of Public Prosecutions, is adjourned to 23 September 2025.
EnforcementInvestigations & enforcement actions
-
2025-07-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority and the Reserve Bank of Australia updated their Memorandum of Understanding to enhance cooperation for financial stability. The MOU clarifies roles and responsibilities and outlines arrangements for consultation, liaison, and information sharing, covering macroprudential policy, liquidity support, payments policy, and crisis management. Concurrently, the Council of Financial Regulators released an updated Charter for multilateral coordination.
Policy & regulationCooperationDomestic cooperation
-
2025-07-29•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority and the Reserve Bank of Australia have updated their Memorandum of Understanding to enhance cooperation for financial stability, detailing roles, responsibilities, and arrangements for macroprudential policy, liquidity support, payments policy, and crisis management. This update complements multilateral coordination through the Council of Financial Regulators, which has also refreshed its Charter.
Policy & regulationCooperationDomestic cooperation
-
2025-07-29•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) released Report 811 on banks' responses to excessive fees for low-income customers. Banks will refund over AUD 93 million and transition over one million customers to low-fee accounts, potentially saving AUD 50 million annually. Refunds include AUD 33 million already repaid to 150,000 customers and an additional AUD 60 million for 770,000 customers. The review of 21 banks led to broader refund commitments and improved processes. ASIC will continue monitoring and may enforce actions if necessary.
SupervisionReviews, inspections & stress testsConsumer and investor protection
-
2025-07-29•Australia•Council of Financial Regulators
The Council of Financial Regulators released an updated Charter and Memorandum of Understanding on Crisis Management to enhance cooperation among its members, including the Australian Prudential Regulation Authority, the Australian Securities and Investments Commission, the Australian Treasury, and the Reserve Bank of Australia, to bolster financial stability in Australia.
Policy & regulationCooperationOrganizational structure
-
2025-07-29•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority, in collaboration with TAN-RE and ATI, conducted training on Takaful insurance for service providers in Zanzibar to enhance public understanding and ensure accurate information dissemination. The session, attended by key officials, emphasized the importance of continued education to promote inclusive insurance and improve coverage.
Financial literacy & educationFinancial literacy and education
-
2025-07-29•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved the final List of clients of Freedom Finance Ukraine LLC eligible for the return of blocked funds. The List includes updated asset status and reconciled balance sheet data. Professional market participants will use the List for payment processing following state registration by the Ministry of Justice.
Policy & regulationImplementation, projects & pilotsSupervision process and methodologies
-
2025-07-29•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market adopted rule-making and licensing decisions, including asset blocking sanctions for FREEDOM FINANCE UKRAINE LLC clients. It advanced changes to depository-system access and corporate governance for JSC Ukrainian Railways, and invalidated parts of a prior decision. Additionally, it registered amendments and approvals for exchanges and investment entities, including share issues and bond decisions.
Policy & regulationRules & requirementsSecurities offerings and listings
-
2025-07-29•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank reported that Dutch pension funds' funding ratios improved in Q2 2025 due to higher asset values and reduced liabilities. Total investments rose by EUR 10 billion to EUR 1,604 billion, while liabilities fell by EUR 22 billion to EUR 1,309 billion, driven by rising interest rates. The average funding ratio increased to 122.5%, with the policy funding ratio slightly up to 118.0%.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-07-29•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia and the Ministry of Energy discussed the financial impact of EU decarbonisation and green energy transition regulations on domestic firms. The meeting emphasized coordinated measures to support corporate adaptation and competitiveness, highlighting the financial sector's role in promoting energy sustainability. Future initiatives will focus on facilitating access to finance for green energy investments and technological modernisation to enhance macroeconomic stability.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
-
2025-07-29•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has amended the Companies Regulations, 2024 to establish a centralized Ultimate Beneficial Ownership Registry at the SECP. This aims to ensure accurate beneficial ownership information and align with Financial Action Task Force and OECD recommendations. Companies must submit UBO data annually via the SECP’s eZfile portal, with access granted to financial institutions and stakeholders.
Policy & regulationRules & requirementsBeneficial ownership
-
2025-07-29•Lithuania•Ministry of Finance (Lithuania)
Finance ministers from Lithuania, Latvia, and Estonia signed a joint statement to the EBRD to strengthen a pan-Baltic capital market. The statement prioritizes encouraging capital raising through Baltic trading venues, enhancing institutional investor participation, and pursuing legal convergence for cross-border investment. It also emphasizes financial education, investor confidence, and market transparency improvements.
Policy & regulationCooperationMarket development
-
2025-07-29•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority said Alliance Assurances will pay its 2024 dividend on July 30, 2025, at DZD 35 per share.
Other
-
2025-07-29•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority said Groupe Industriel SAIDAL Spa will begin paying its 2024 dividend on 10 August 2025. The dividend is set at DZD 21 per share.
Other
-
2025-07-29•Latvia•Ministry of Finance (Latvia)
Latvia's Ministry of Finance has submitted draft amendments to strengthen the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing. Key proposals include lowering customer due diligence thresholds for currency exchange firms, stricter governance for cryptoasset providers, and enhanced data sharing with the Financial Intelligence Unit. The amendments also aim to improve access to beneficial owner information.
Policy & regulationRules & requirementsAML and CFT
-
2025-07-29•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) reviewed principal trading firms' compliance with MiFID Regulatory Technical Standards 6 (RTS 6), focusing on algorithmic trading control frameworks. Improvements since 2018 were noted, but significant compliance variations remain, including incomplete self-assessments, outdated policies, and weaknesses in documentation and accountability. The FCA provided individual feedback and urged firms to enhance their control frameworks, with ongoing supervision to continue.
SupervisionReviews, inspections & stress testsTrading
-
2025-07-29•Finland•Bank of Finland
The Bank of Finland has appointed Iina Lario as Head of Communications for a five-year term, overseeing communications planning, implementation, and strategic development. Lario, with extensive experience at the Bank of Finland and the European Central Bank, will manage the Bank's publications, online services, and social media channels.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2025-07-29•United States•Federal Housing Finance Agency
The Federal Housing Finance Agency released updated House Price Index results indicating a 0.2% decline in U.S. house prices in May on a seasonally adjusted monthly basis, with a 2.8% increase from May 2024 to May 2025. April's monthly change was revised to a 0.3% decline. Across nine census divisions, monthly changes varied from -0.8% to +0.3%, with all divisions showing positive 12-month changes.
Data & statistics
-
2025-07-29•Ethiopia•National Bank of Ethiopia
The National Bank of Ethiopia (NBE) reviewed its macroeconomic reform package, highlighting monetary policy changes, market-based exchange rate determination, and financial sector reforms. Achievements include reducing inflation to 13.9%, increased FX inflows, and significant growth in deposits and domestic credit. For 2025-26, NBE aims to reduce inflation to single digits, deepen the FX market, and enhance financial sector supervision and infrastructure.
Policy & regulationReform agendas & priorities
-
2025-07-29•Slovenia•Slovenia Insurance Supervision Agency
The Slovenia Insurance Supervision Agency released 2024 data on cross-border insurance and reinsurance activities, highlighting distinctions between freedom of establishment (FoE) and freedom of services (FoS) within the European Economic Area. Slovenian insurers had two branches abroad, while eight foreign branches operated in Slovenia, with total insurance service exports at EUR 237 million and imports at EUR 352 million. Key export markets included Poland, Croatia, Norway, and Greece, while imports were primarily from Austria, Croatia, and Germany.
Data & statisticsBalance of payments and other external statistics