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2025-07-29•Slovenia•Slovenia Insurance Supervision Agency
The Slovenia Insurance Supervision Agency's 2024 report shows strong financial results for insurers, reinsurers, and pension companies despite challenges. Insurers recorded EUR 2.4 billion in premiums and EUR 229 million in profits, while reinsurers and pension companies reported EUR 65 million and EUR 12.1 million, respectively. The agency issued 501 supervisory measures, conducted six inspections, initiated a sustainability review, and addressed the earthquake insurance gap through industry collaboration.
SupervisionReviews, inspections & stress tests
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2025-07-29•Austria•Austrian National Bank (OeNB)
The Austrian National Bank and Financial Market Authority have initiated mandatory simulated cyberattacks for selected financial companies, supported by an updated TIBER-AT Implementation Guide under the EU Digital Operational Resilience Act. The framework mandates systemically important financial entities to conduct threat-led penetration testing every three years. The OeNB’s TIBER Cyber Team Austria will oversee these tests, with formal attestation by the FMA or the European Central Bank to ensure compliance.
SupervisionInnovation & testingCyber resilience
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2025-07-29•Austria•Austria Financial Market Authority
The Oesterreichische Nationalbank and Austrian Financial Market Authority released a revised TIBER-AT Implementation Guide, mandating simulated cyber attacks for selected Austrian financial entities. This aligns with the EU Digital Operational Resilience Act and European Supervisory Authorities’ standards on Threat-Led Penetration Testing. The TIBER framework aims to enhance cyber resilience by replicating real attacks, with mandatory exercises every three years for systemically relevant financial undertakings.
Policy & regulationImplementation, projects & pilotsCyber resilience
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2025-07-29•Australia•Reserve Bank of Australia
The Reserve Bank of Australia and the Australian Prudential Regulation Authority 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. Additionally, the Council of Financial Regulators released an updated charter for multilateral cooperation among agencies.
Policy & regulationCooperationDomestic cooperation
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2025-07-29•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority has issued final supervisory and anti-money laundering guidelines for Hong Kong’s stablecoin issuers licensing regime, effective 1 August 2025 under the Stablecoins Ordinance. The guidelines, including consultation conclusions and explanatory notes, will be published in the Gazette on the same date. The HKMA warns against misleading public statements about licensing status, as falsely claiming to be a licensee or applicant is an offence.
Policy & regulationGuidance & interpretationStablecoins
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2025-07-29•Indonesia•Ministry of Finance (Indonesia)
Indonesia’s Ministry of Finance and the Australian Prudential Regulation Authority met in Sydney to initiate technical cooperation for financial system resilience and inclusion. Discussions covered Indonesia's institutional restructuring, reforms under the Omnibus Law on the Financial Sector, and coordination between financial regulators. APRA acknowledged Indonesia's response to global shocks and its efforts to diversify its investor base with the Kangaroo Bond launch.
Policy & regulationCooperationCross-border cooperation
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2025-07-29•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 warned of fraudsters using psychological manipulation to access citizens' money and data. The alert details tactics like creating urgency and emotional pressure, urging the public to verify information through official channels and avoid sharing personal details with unknown contacts. Additional resources are available on Fingramota.kz.
SupervisionAlertsOther
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2025-07-29•Samoa•Central Bank of Samoa
The Central Bank of Samoa released a public notice detailing the results of its 2025 review of foreign exchange control policies and procedures, along with general reminders on foreign exchange control.
Policy & regulationGuidance & interpretationForeign exchange policy and markets
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2025-07-29•Ghana•Bank of Ghana
The Bank of Ghana stressed integrating ESG factors into construction finance due to their impact on project timelines, costs, and regulatory risks. It reported progress in embedding sustainability into banking supervision, with compliance to the Ghana Sustainable Banking Principles rising from 42.28% in March 2021 to 73.06% in March 2025. The Bank also outlined its 2024 Climate-Related Financial Risk Directive, requiring banks to update governance and risk management systems by the end of 2025.
Policy & regulationGuidance & interpretationESG
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2025-07-29•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan and the Central Bank of Azerbaijan held a two-day event to share expertise in accounting, financial reporting, and economic activities. The program included presentations on budget planning, accounting policies, and international reserves management, followed by discussions on international practices. Both banks agreed to continue cooperation to enhance staff qualifications and broaden experience.
Institutional developmentCooperation & capacity buildingAccounting and financial reporting
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2025-07-29•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) launched the 13th Advanced Insurance Executive Programme for 150 senior executives to enhance understanding of insurance and risk management. The Permanent Secretary of the Ministry of Finance emphasized the need for increased insurance use in managing geopolitical, natural disaster, technology, and ageing-society risks. The programme aims to develop "Insurance Ambassadors" to effectively communicate insurance concepts to society.
Policy & regulationImplementation, projects & pilotsOther
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2025-07-29•Kuwait•Central Bank of Kuwait
The Central Bank of Kuwait imposed penalties on three local banks, one foreign bank, and one exchange company under its supervision.
EnforcementInvestigations & enforcement actionsCompliance
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2025-07-29•Spain•Bank of Spain
The Bank of Spain's Executive Commission approved a rotation of deputy directors general, appointing Juan Peñalosa and Helena Tejero to new roles and expanding Carlos Conesa's responsibilities. These changes aim to promote internal mobility as part of the strategic plan. All appointments were ratified by the Governing Council.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines mandates digital, universal, and commercial banks to submit the Report on Intraday Liquidity in XML format via the Prudential Reporting Innovation and Monitoring Engine (PRIME) starting 30 September 2025. The transition includes a parallel run from 31 July 2025 using PRIME’s Sandbox module. This new process supersedes the previous INTRADAY reporting memorandum.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has launched the Credit Risk Database Philippines (CRDPh) System, a web-based platform for financial institutions to submit anonymised SME data and retrieve credit risk outputs. In collaboration with the Japan International Cooperation Agency, it aims to enhance risk-based SME lending, with 33 financial institutions participating. Phase 2 focuses on developing additional services and transitioning to a sustainable model, overseen by a Joint Coordinating Committee and an independent Third-party Evaluation Committee.
Policy & regulationImplementation, projects & pilotsCredit riskFinancial inclusion
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2025-07-29•South Africa•South African Reserve Bank
The South African Reserve Bank reported its international reserves and foreign currency liquidity as of end-June 2025, with official reserve assets at USD 68,415 million. Reserves include USD 64,999 million in Special Drawing Rights basket currencies and USD 3,416 million outside the basket. Predetermined net drains within one year total USD 5,712 million, with contingent drains of USD 1,069 million.
Data & statisticsBalance of payments and other external statistics
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2025-07-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines and the Japan International Cooperation Agency have launched the Credit Risk Database Philippines Web-based Scoring System to aid financial institutions in evaluating SME creditworthiness. The platform uses anonymized data to produce credit scores and default probabilities, facilitating faster loan assessments. It aims to assist in loan approvals and pricing for SMEs, including "missing middle" firms, and to generate benchmark statistics for SME financing policy.
Policy & regulationImplementation, projects & pilotsCredit riskSME financing
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2025-07-29•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority has adopted a comprehensive framework for money services in the Astana International Financial Centre, consolidating requirements into a single rulebook for AIFC Participants. It includes new rules on money services, amendments to existing AIFC rules, and regulates digital asset transactions like traditional money services. Key provisions address client protection, cyber resilience, and digital asset handling, with phased implementation starting October 2025.
Policy & regulationRules & requirementsLicensing framework and process
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2025-07-29•Albania•Albania Financial Services Authority
The Albania Financial Services Authority's statistical bulletin for January–June 2025 shows a 7.99% increase in total gross written premiums to ALL 12.829bn and an 8.06% rise in insurance contracts, while gross paid claims slightly declined by 0.73% to ALL 4.094bn. Non-life insurance dominated with 90.98% of total premiums, and compulsory motor insurance premiums rose 13.38% year on year. Life insurance premiums increased by 12.33%, while accident and health premiums fell by 9.04%.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-29•United Kingdom•Bank of England
The Bank of England has launched a consultation on extending CHAPS settlement hours, proposing an optional early settlement window from 1.30am to 6am starting in the second half of 2027. The proposal maintains existing throughput rules and participant-specific start times, with no changes to other payment services during this window. The consultation also seeks feedback on extending the CHAPS contingency window and enabling RT2 settlement during some bank holiday weekends.
Policy & regulationReform agendas & prioritiesPayments and payment systems
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2025-07-29•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation (GLEIF) and Switzerland’s Federal Statistical Office have launched an initiative to integrate Swiss business registry data into Legal Entity Identifier (LEI) records, enhancing global due diligence processes by embedding a URL in each LEI for direct access to verified company information.
Policy & regulationImplementation, projects & pilotsKYC
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2025-07-29•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority issued a public alert regarding Coral Trust Services, which is promoting services requiring a licence under the International Corporate Services Act without possessing one. The FSA confirmed that Coral Trust Services has never been licensed under any legislation it administers and advised caution when engaging with the entity or its website.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-07-29•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission fined LHL Online Lending Inc. PHP 129,000 for misleading loan agreement disclosures, violating the Truth in Lending Act. An investigation revealed discrepancies between stated and actual repayment terms, with hidden surcharges imposed. The SEC warned that further violations could lead to cancellation of the company's registration and authority to operate.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2025-07-29•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission imposed a PHP 1 million penalty on Link Credit Lending Investors Inc. for unfair debt collection practices, violating SEC Memorandum Circular No. 18, Series of 2019. The SEC's investigation revealed over 200 complaints, with four cases substantiating the order, and warned of harsher penalties for future violations.
EnforcementInvestigations & enforcement actionsLendingConsumer and investor protection
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2025-07-29•Philippines•Philippine Securities and Exchange Commission
The Philippine SEC issued a cease and desist order against Hinance Lending Investors Corp. for operating an unregistered online lending platform under various names. Hinance Lending breached disclosure requirements and a moratorium on new online lending platforms, violating SEC Memorandum Circulars and the Financial Products and Services Consumer Protection Act. The order aims to prevent fraud and protect financial consumers.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-07-29•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario reminded insurers about increased denials of travel time expense claims, confirmed by Health Claims for Auto Insurance data. Insurers must cover reasonable medical and rehabilitation expenses, including provider travel time, under the Statutory Accident Benefits Schedule. FSRA will monitor compliance and directed stakeholders to its guidance on listed expenses.
SupervisionInterventionsOther
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2025-07-29•Global•United Nations Environment Programme Finance Initiative
The UN Environment Programme Finance Initiative updated on the Net-Zero Asset Owner Alliance's (NZAOA) role in the UNFCCC’s Baku to Belem Roadmap, emphasizing private capital's role in achieving the USD 1.3 trillion climate finance goal by 2035. Erich Cripton of La Caisse presented six priorities, including expanding access to catalytic capital, standardizing blended finance, and increasing multilateral development banks' private capital mobilization. The NZAOA, with 86 investors managing USD 9.2 trillion, aims for net-zero emissions by 2050 and remains engaged in the Baku to Belem process and COP30 discussions.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-07-29•Uganda•Uganda Insurance Regulatory Authority
The Uganda Insurance Regulatory Authority clarified accreditation fees for 2026, applicable to both renewal and first-time applications for foreign reinsurers and reinsurance brokers. The fees are USD 7,500 for reinsurance brokers and USD 12,500 for foreign reinsurance companies. Updated application forms require documentation such as incorporation evidence, financial ratings, audited statements, and regulatory compliance confirmations.
Policy & regulationGuidance & interpretationLicensing and supervisory fees
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2025-07-29•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo announced the official availability of Apple Pay, enabling domestic banks and financial institutions to link their cards for contactless payments via Apple devices. Full enablement will depend on individual institutions' agreements and technical integrations. This launch is part of the central bank's efforts to modernize the payments system, aligned with its 2024–2028 Strategic Plan.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-07-29•United Kingdom•Bank of England
The Bank of England has re-appointed Jackie Bennett OBE as Chair of the Residential Property Forum for a second three-year term, effective immediately. The forum, established in 2010, convenes quarterly to provide insights into the UK residential property sector for the Financial Policy Committee. Peter Pereira-Gray has also been re-appointed as Vice-Chair for a second term.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-29•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs unanimously advanced the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025, aimed at increasing affordable housing access and improving federal housing oversight. The package includes 40 provisions, such as zoning policy updates, streamlined inspections, and coordination among federal housing agencies. It also proposes reforms to disaster recovery programs and initiatives for rural housing and commercial redevelopment.
Policy & regulationRules & requirementsOther
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2025-07-29•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs unanimously advanced the bipartisan ROAD to Housing Act, the first housing bill to progress through the committee in over a decade. The legislation aims to increase housing supply and affordability, reduce homelessness, and enhance oversight of federal housing programs. Key measures include supporting modular housing, reducing regulatory barriers, and improving HUD's disaster recovery efforts.
Policy & regulationRules & requirementsOther
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2025-07-29•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a summary of endorsements for the bipartisan ROAD to Housing Act of 2025, aiming to expand housing supply, improve affordability, and enhance federal housing program oversight. Major industry and advocacy groups support provisions on zoning reforms, transit-oriented development, and housing stock modernization. The committee will consider the package in an executive session, with stakeholders anticipating further refinements before Senate floor consideration.
Policy & regulationReform agendas & prioritiesOther
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2025-07-29•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a minority press release endorsing the bipartisan Renewing Opportunity in the American Dream to Housing Act of 2025 (ROAD to Housing Act). The act aims to expand housing supply and improve affordability through regulatory streamlining and programmatic reforms, including the Whole-Home Repairs Act and enhancements to the HOME Investment Partnerships program. Endorsing groups urge the committee to advance the legislation to the full Senate.
Policy & regulationReform agendas & prioritiesOther
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2025-07-29•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation (GLEIF) has partnered with Switzerland’s Federal Statistical Office to integrate Swiss business registry data into Legal Entity Identifier (LEI) records via a direct linking approach, enhancing global due diligence processes and international visibility for Swiss businesses. Each LEI will now include a URL to the Swiss UID register, facilitating immediate access to verified company information.
Policy & regulationImplementation, projects & pilotsKYC
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2025-07-29•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation and Switzerland’s Federal Statistical Office have launched an initiative to integrate Swiss business registry data into Legal Entity Identifier records by embedding a URL linking directly to the Swiss UID register, enhancing global due diligence processes and international visibility for Swiss SMEs.
Policy & regulationImplementation, projects & pilotsKYCOther
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2025-07-29•Russia•Central Bank of Russia
The Central Bank of Russia has initiated a pilot for "share ratings," allowing two credit rating agencies to assign non-credit ratings to ordinary shares. This initiative aims to evaluate a company's fair value and offer investors an additional reference for investment decisions. The pilot will be reviewed by the end of 2025 to determine its potential integration into financial regulation.
Policy & regulationImplementation, projects & pilotsCredit ratings
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2025-07-29•Russia•Central Bank of Russia
The Central Bank of Russia's H1 2025 review reported an 18.6% year-on-year increase in financial consumer and investor complaints, totaling 182,400, though complaints decreased nearly 7% in Q2 compared to Q1. Complaints against banks rose 28.6% due to anti-fraud measures, while those against insurers fell 47% after improved access to the National Insurance Information System. Complaints against microfinance organizations and non-governmental pension funds increased, whereas those against securities market participants and related to sanction restrictions declined significantly.
SupervisionRisk monitoring & watch pointsConsumer and investor protection
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2025-07-29•Russia•Central Bank of Russia
The Central Bank of Russia issued a regulation setting reserve ratios and parameters for calculating reservable liabilities for Russian credit institutions and foreign bank branches, effective 1 August 2025. Ruble liabilities are set at 4.5% for banks with a universal licence and foreign branches, and 1% for banks with a basic licence. Foreign currency liabilities have ratios of 6% for friendly countries and 8.5% for unfriendly countries, with averaging ratios of 0.9 for banks and 1 for non-bank credit institutions and foreign branches.
Policy & regulationRules & requirementsLiquidity risk
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2025-07-29•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority (FRA) issued Circular No. 4 of 2025, prohibiting mortgage finance and financial leasing companies from using unregistered real estate valuation experts. Valuation reports from unregistered parties are void, and non-compliance breaches Mortgage Finance Law No. 148 of 2001, subject to accountability. The circular mandates adherence to Egyptian Real Estate Valuation Standards and is based on FRA's observations of unlawful practices.
Policy & regulationRules & requirementsSupervision process and methodologies
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2025-07-29•Egypt•Egypt Financial Regulatory Authority
Egypt's Financial Regulatory Authority approved licenses for financial activities like leasing, factoring, investment funds, mortgage finance, and secondary-market dealings in government securities. Key authorizations include Al Ahli Kuwait – Egypt Financial Leasing for factoring, IFS Financial Solutions for leasing, and Aspire Capital Holding for investment funds. The committee's actions follow FRA Chairman’s Decision No. 3060 of 2023.
SupervisionAuthorisations & approvalsLicence approval
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2025-07-29•Chile•Chile Financial Market Commission
The Chile Financial Market Commission sanctioned four individuals for violating the Securities Market Law's trading restrictions before financial statement publications. María Velázquez and Bogdan Borkowski received fines of UF 400 and UF 500, respectively, for trading ENTEL and Soquicom shares during restricted periods. Mónica Mitarakis and Fernando Pérez were censured for similar violations involving Conchatoro and Cencosud shares.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-07-29•Chile•Chile Financial Market Commission
The Chile Financial Market Commission and the Superintendence of Pensions have amended the System of Consultations and Offers of Pension Amounts (SCOMP) to exclude "external" pension offers from 1 September 2025. Companies must now present their best offers within SCOMP, aligning with a pension-system modification enacted in March. A transition period allows external offers in Offer Certificates until 31 August 2025.
Policy & regulationRules & requirementsOther
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2025-07-29•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission has opened a public consultation on proposed amendments to the regulatory framework for state-guaranteed loans, aiming to enhance reporting and accounting for the FOGAPE and Special Guarantee Fund (FOGAES) programs. The proposal extends reporting obligations to banking subsidiaries and support companies and adds new supplementary accounts. Changes, if adopted, would be effective from September 2025 data, with specific rectification requirements for certain programs.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-29•Canada•British Columbia Securities Commission
The British Columbia Securities Commission (BCSC) alleges that Green Hygienics Holdings Inc. and its CEO, Ronald Wayne Loudoun, breached a cease trade order in place since 2014. The company allegedly distributed shares worth nearly 5.5 million CAD and issued promissory notes valued at 3 million CAD between 2019 and 2022. Loudoun is accused of personally selling shares and authorizing the company's actions, though the allegations remain unproven.
EnforcementInvestigations & enforcement actionsSecurities offerings and listings
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2025-07-29•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority announced changes to enhance sustainability, featuring a simplified structure centered on three core departments. The reshaping involves changes to reporting lines, financial policy reviews, and role transitions to align with its mandate and priorities. Further adjustments and clarifications in roles and processes are anticipated as BCFSA transitions to the new structure.
Institutional developmentMandate & organizational structureOrganizational structure
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2025-07-29•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission approved in-kind creations and redemptions for crypto asset exchange-traded products (ETPs), moving away from a cash-only redemption structure. Commissioner Mark T. Uyeda highlighted that the in-kind model should reduce transaction costs and price slippage, aligning crypto ETPs with other ETP markets and addressing market asymmetries.
Policy & regulationRules & requirementsTrading
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2025-07-29•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission approved orders allowing authorized participants in crypto asset exchange-traded products (ETPs) to create and redeem shares in-kind, aligning spot bitcoin and ether ETPs with other commodity-based ETPs. Further orders advanced listings and derivatives for crypto-based products, including options and increased position limits for certain BTC ETPs. The Commission also scheduled comments on proposals to list and trade two large-cap crypto-based ETPs.
Policy & regulationRules & requirementsTrading
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2025-07-29•Egypt•Central Bank of Egypt
The Central Bank of Egypt hosted the Governor of the Central Bank of Nigeria to discuss expanding bilateral cooperation on supervision, policy, and operational capabilities. The visit included a tour of the New Administrative Capital’s Printing House and discussions on supervisory regulations, Basel implementation, and capacity-building programmes. This meeting follows a recent visit by the CBE Governor to Nigeria during the African Export-Import Bank’s annual meetings.
Policy & regulationCooperationDomestic cooperation
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2025-07-29•Vietnam•State Bank of Vietnam
The State Bank of Vietnam visited the Shanghai Free Trade Zone and Astana International Financial Centre to inform Vietnam's international financial centre development and banking regime. This visit, linked to the National Assembly's resolution, will guide a Government decree on licensing, banking operations, and compliance. Insights will refine the draft decree to align with the resolution's timeline.
Policy & regulationCooperationMarket developmentFinancial stability and systemic risk
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2025-07-29•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance issued Resolution SSN No. 384/2025 to simplify administrative procedures in the insurance sector. It introduces rules for surety, credit, and agricultural and forestry risks, incorporating these into the Plan Deposit System to streamline authorisation processes. The resolution also amends the General Regulation of Insurance Activity to update documentation requirements for authorising insurance lines and plans.
Policy & regulationRules & requirementsLicensing framework and process
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2025-07-29•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance revised the General Regulation of Insurance Activity, mandating insurers report investments via a new microservices-based Information Regime for enhanced traceability and transparency. Under Resolution 388/25, insurers will submit weekly and monthly investment data through this regime, while reinsurers continue using SINENSUP. The SSN also released parameters for the new submission methodology.
Policy & regulationRules & requirementsRegulatory reporting
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2025-07-29•Bangladesh•Bangladesh Securities & Exchange Commission
The Bangladesh Securities and Exchange Commission has extended the deadline for listed companies to appoint a female independent director to their boards under the Corporate Governance Code 2018. The new compliance deadline is 31 December 2025.
Policy & regulationRules & requirementsCorporate governance
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2025-07-29•Bahamas•Bahamas Securities Commission
The Bahamas Securities Commission issued a compliance notice to licensees after GRAN GRIF and VIV ANSANM were added to the UN Security Council Committee’s Haiti sanctions list. Firms must comply with The Bahamas’ sanctions framework and submit reports to the Financial Intelligence Unit and the Attorney General's Office within 24 hours. Non-compliance may result in fines up to $250,000 and additional disciplinary actions.
Policy & regulationGuidance & interpretationSanctions list update
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2025-07-29•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama has reconfigured its Board of Directors following the death of Rafael Guardia Pérez, appointing Adriana Raquel Carles as Chair and Felipe Echandi Lacayo as Secretary. These appointments, made under Resolution SBP-JD-R-2025-00437, will last until 15 December 2025.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-29•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority has amended its regulatory framework for Authorised Persons and Recognised Bodies to enhance cyber risk management, effective 31 January 2026. The changes, following industry feedback, require integrating cyber risk management into existing frameworks and include a six-month transition period. Revised guidance clarifies proportionality, IT service provider arrangements, and cyber incident materiality assessment, with an updated notification template expected by year-end 2025.
Policy & regulationRules & requirementsCyber resilience
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2025-07-29•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE has suspended the motor insurance business of a foreign insurance company's branch for non-compliance with solvency and guarantee requirements under Federal Decree Law No. 48 of 2023. The branch remains responsible for obligations from contracts made prior to the suspension. This enforcement action is based on Articles 33 and 44 of the law.
SupervisionAuthorisations & approvalsPrudential risksSupervision process and methodologies
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2025-07-29•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank, with the Regional Security System and Caribbean Development Bank funding, is holding a five-day workshop in Saint Christopher (St Kitts) and Nevis to enhance AML/CFT/CPF capabilities among judicial and prosecutorial officials. The program offers practical training in investigative and prosecutorial processes, addressing effectiveness shortcomings identified in FATF evaluations. Participants include judges, magistrates, prosecutors, crown counsels, and financial investigators from OECS member countries.
Policy & regulationImplementation, projects & pilotsAML and CFTDomestic cooperation
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2025-07-29•Samoa•Central Bank of Samoa
The Central Bank of Samoa's annual review confirmed no changes to exchange control policies but introduced procedural updates effective 1 August 2025. Key changes include retaining the original CBS BOP2 form for foreign payments and removing the reporting requirement for foreign currency deposit accounts. The notice reiterates existing controls, such as export permits for goods over SAT 500 and restrictions on foreign currency transactions to licensed entities.
Policy & regulationRules & requirementsForeign exchange policy and markets
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2025-07-28•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission released an institutional video outlining its 2023–2027 strategic plan, focusing on consolidating the capital market, promoting financial inclusion, and supporting economic diversification. The strategy emphasizes creating a robust regulatory environment to enhance investor confidence and develop new financial products.
Policy & regulationReform agendas & prioritiesOther
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2025-07-28•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority (FSMA) has suspended trading in Celyad's financial instruments on Euronext Brussels at the company's request. The suspension is effective from 28 July 2025 at 16:02 CET and will continue until a company press release is issued.
SupervisionInterventionsTrading
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2025-07-28•Africa•Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)
The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) and the African Development Bank Group have launched a three-year project to enhance anti-money laundering and counter-terrorism financing frameworks in selected member countries, funded by a USD 5.2 million grant. The project targets Burundi, Eritrea, Madagascar, Mozambique, and South Sudan, focusing on capacity development as ESAAMLG starts its third round of mutual evaluations.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-07-28•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) joined Diario Libre’s Diálogo Libre forum, where Superintendent Francisco A. Torres discussed pension system improvements. Key issues included reforms for adequate, sustainable pensions, addressing low coverage and labor market informality, and updating legislation for digital platform work. Participants also emphasized strengthening pension education and exploring minimum pension guarantees for insufficient contributions.
Policy & regulationReform agendas & priorities
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2025-07-28•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) highlighted challenges in the pension system, noting only 2.3 million of over 5 million affiliates actively contribute due to high labor informality. SIPEN reported a contribution density of 41 months per 100 worked, with an average wage of DOP 36,000 and a 9.97% contribution rate. Contributions from the World Bank and CISS emphasized balancing efficiency and equity, recommending policy adjustments like linking retirement age to life expectancy.
Policy & regulationCooperation
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2025-07-28•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) conducted educational talks for Casa Brugal employees to enhance understanding of the pension system and retirement planning. Sessions were held both in-person and virtually across various locations, covering automatic enrollment and the process for switching pension fund administrators. Casa Brugal's involvement may earn it SIPEN's "Here We Know About Pensions" recognition.
Financial literacy & educationFinancial literacy and education
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2025-07-28•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has approved Artal Capital Company's public offering of the Artal Monthly Distribution Fund, confirming compliance with the Capital Market Law and its Implementing Regulations. The CMA advises investors to review the fund's terms, investment strategy, and risk factors, and to consult the fund manager for any clarifications.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-07-28•Europe•European Banking Authority
The European Banking Authority's 2025 Opinion and report on EU financial sector money laundering and terrorist financing risks highlights shifting risks from geopolitical changes, legislative reforms, and digitalisation. It underscores weak AML/CFT controls in FinTech firms, with 70% of authorities noting high or rising risks, and flags serious compliance failures linked to improper RegTech tool use. Concerns about crypto-assets, AI-enabled fraud, and challenges in implementing EU restrictive measures are raised, aiming to inform the European Commission’s Supranational Risk Assessment and EBA policy priorities.
Policy & regulationGuidance & interpretationAML and CFTFintech and insurtech
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2025-07-28•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) warns against investing in unlicensed cryptocurrency futures from BTG Technology Holdings Limited, including Bitget. Bitget lacks an Australian Financial Services licence, leaving investors unprotected. These high-risk products offer leverage up to 125:1, exceeding ASIC's 2:1 limit. Bitget is registered with AUSTRAC but not licensed for financial services and has faced overseas regulatory actions since 2022.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-07-28•Mozambique•Ministry of Finance (Mozambique)
Mozambique's Ministry of Finance announced the inauguration of Microbanco Sólido S.A's first branch in Maputo by Finance Minister Carla Loveira, aimed at enhancing financial inclusion and reducing bureaucracy for informal entrepreneurs. The microbank, now part of Mozambique's 73 microbanks, focuses on providing tailored financial products to underserved citizens, particularly women and youth, and aims to strengthen financial literacy. Expansion to other regions is encouraged to support informal-sector clients lacking access to credit.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-07-28•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority hosted CRDB Bank PLC and Tanzania’s National Insurance Corporation to advance the Tanzania Agriculture Climate Adaptation Technology Deployment Programme, focusing on a parametric insurance scheme for smallholder farmers. The meeting reviewed progress under a Memorandum of Understanding, addressing policy reforms, product design, and capacity building. CRDB Bank, supported by the Green Climate Fund, was identified as a key implementer for the weather index insurance scheme.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-07-28•Türkiye•Central Bank of Türkiye
The Central Bank of the Republic of Türkiye has launched the Data Research Center (VERIM) to support data-driven research by providing secure access to micro-level datasets. VERIM aims to facilitate research aligned with the CBRT Research Agenda on monetary policy, price stability, financial stability, and sustainable development, and is open to collaboration with public institutions, academia, and international organizations. Access is restricted to CBRT premises under secure protocols.
Policy & regulationImplementation, projects & pilotsOther
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2025-07-28•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets has commissioned KWINK groep to audit the effectiveness of its professional competence covenant with DSI, in place since 2018, to ensure compliance with MiFID II and the Dutch Financial Supervision Act. The review will evaluate the covenant’s methodology and the experiences of investment firms, with KWINK groep contacting organizations for input.
Policy & regulationImplementation, projects & pilotsAuditing
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2025-07-28•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Artal Capital Company's public offering of the Artal Monthly Distribution Fund. Investors are advised to review the fund's terms, investment strategy, and risk factors, and to consult the fund manager for any clarifications. The approval confirms compliance with legal requirements but is not a subscription recommendation.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-07-28•Indonesia•OJK
The Financial System Stability Committee (KSSK) assessed Indonesia's financial stability as maintained amid global uncertainty, projecting 5.0% economic growth for 2025. Key measures include Bank Indonesia's rate cuts, FX interventions, and macroprudential easing, alongside OJK's report of 7.77% bank credit growth and a 25.06% rise in peer-to-peer lending. The committee plans to finalize regulations under the Financial Sector Development and Strengthening Law (P2SK) by 2025.
Policy & regulationCooperationEconomic data and developmentsFinancial stability and systemic risk
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2025-07-28•Georgia•Insurance State Supervision Service of Georgia
The Insurance State Supervision Service of Georgia and the Ministry of Economy and Sustainable Development conducted online training on voluntary private pensions under the International Finance Corporation Digital Financial Services project. Sessions covered international practices, product development, and digital distribution strategies, with participation from insurers, asset managers, and pension companies. World Bank experts led the training, which included industry stakeholders and government representatives.
Policy & regulationImplementation, projects & pilots
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2025-07-28•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) announced the transition to a T+1 settlement cycle for securities on the Pakistan Stock Exchange, effective 9 February 2026. The National Clearing Company of Pakistan Limited (NCCPL) is coordinating the change with market stakeholders and has prepared a roadmap for implementation. SECP advises market participants to ensure operational readiness, noting that the faster settlement is expected to reduce credit and market risk and enhance liquidity.
Policy & regulationImplementation, projects & pilots
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2025-07-28•Georgia•National Bank of Georgia
The National Bank of Georgia presented its fintech strategy to the Georgian Fintech Association, aiming to establish a unified national framework for fintech development. The strategy seeks to enhance stakeholder collaboration and position Georgia as a regional fintech hub for Middle Corridor countries. The meeting covered fintech market discussions, sector advancements, and key regulatory developments, with around 30 fintech companies participating.
Policy & regulationReform agendas & prioritiesFintech and insurtech
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2025-07-28•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority (COSOB) held a conference to present the results of a sectoral assessment of money laundering and terrorist financing risks in the securities sector.
SupervisionRisk monitoring & watch pointsAML and CFT
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2025-07-28•Lithuania•Bank of Lithuania
The Bank of Lithuania revised the CENTROlink payment system pricing, cutting operating fees by 50% and adding a high-volume tier for payments over 1 million monthly at EUR 0.003 each. CENTROlink, with over 130 participants, mainly serves electronic money and payment institutions, providing Single Euro Payments Area access. The central bank expands participation, upholds strict compliance standards, and offers consultations for prospective service providers.
Policy & regulationRules & requirementsPayments and payment systems
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2025-07-28•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) released its June 2025 risk dashboard, maintaining macroeconomic, credit, and market risks at medium-high levels. Liquidity and interlinkages risks were rated medium-low, while profitability and solvency risks for pension fund management companies remained low. Specific risks for defined benefit and contribution plans were medium-low, with negative returns noted last quarter.
SupervisionRisk monitoring & watch pointsPrudential risksMarket risk and volatilityLiquidity risk
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2025-07-28•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Ministry of National Economy and Finance announced measures including a permanent annual rent refund and bank fee reductions, as outlined by Deputy Minister Giorgos Kotsiras. The rent refund will be automatic if lease details are in tax returns, with a 30 September update deadline. The new Customs Code aims to enhance digital operations and includes tax exemptions for employer-funded hospitalisation and volunteer firefighting vehicles.
Policy & regulationRules & requirementsOther
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2025-07-28•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority is seeking stakeholder feedback on a draft Approach document for assessing complaints about general insurance claim handling against insurers' legal obligations and industry standards, with the consultation open from 28 July to 29 August 2025.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
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2025-07-28•Gibraltar•Gibraltar Financial Services Commission
The Gibraltar Financial Services Commission (GFSC) has expanded its portal to allow all firms to submit Regulated Individual applications online, following a soft launch for insurance and distributed ledger technology sectors. A PDF user guide has been issued to support adoption. The GFSC will accept email submissions until 31 October 2025, while encouraging portal use.
Policy & regulationImplementation, projects & pilotsLicensing framework and process
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2025-07-28•Global•World Bank
The World Bank approved an EUR 8 million loan to Montenegro to modernize its digital payments infrastructure and expand access to digital financial services. The project aims to introduce fast digital transactions, adopt the Target Instant Payment Settlement (TIPS) clone solution, and increase digital payment usage by one third before 2030. It aligns with Montenegro's 2025–2029 Country Partnership Framework and targets reaching 110,000 more people, including 70,000 women.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-07-28•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks co-organised Data Summit 2025, highlighting advancements in the Commercial Data Interchange (CDI) to enhance trade finance and SME lending. Initiatives include Project Cargox for cargo data validation, open government data connectivity for faster loan approvals, and a proof-of-concept for a corporate credit scoring model. The CDI also linked to the Shenzhen-Hong Kong cross-boundary data validation platform to streamline loan applications.
Policy & regulationImplementation, projects & pilotsData protectionMarket development
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2025-07-28•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) released Issue No. 26 of Complaints Watch, highlighting a 33% increase in banking complaints in the first half of 2025, driven by a 54% rise in account operation issues. The publication urges Authorized Institutions to enhance customer communication and includes articles on complaint handling and customer-centric product design.
SupervisionRisk monitoring & watch pointsComplaints and dispute resolution
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2025-07-28•Indonesia•Ministry of Finance (Indonesia)
Indonesia's Ministry of Finance reported that financial system stability was maintained in Q2 2025 despite global uncertainties from US-China tariff tensions and Middle East geopolitical issues. The Financial System Stability Committee (KSSK) is enhancing vigilance and cross-agency coordination, with capital flows shifting towards Europe, Japan, and gold. The World Bank and OECD have revised 2025 global growth forecasts downward, while Indonesia's growth remains supported by strong consumption and business activity.
Policy & regulationCooperationEconomic data and developmentsFinancial stability and systemic risk
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2025-07-28•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority has issued updated guidance on the Insurance Regulations 2025 and the Corporate Governance Code for Insurers 2021, effective 22 July 2025. This replaces previous guidance and includes changes from the Insurance Regulations 2025. Further updates are expected as the Authority works with the insurance sector on fast-track authorisations, insurance special purpose vehicles, and captive insurance.
Policy & regulationGuidance & interpretationAML and CFTCorporate governance
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2025-07-28•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority released Phase 2 findings from its review of estate agents' compliance with the Anti-Money Laundering and Countering the Financing of Terrorism Code 2019. The review included on-site inspections of 12 firms, focusing on risk assessments, business relationships, and staff training. The report highlights good practices, areas for improvement, and observations on firms' policies and controls, with the sector recording GBP 532.85 million in transactions in 2023.
SupervisionReviews, inspections & stress testsAML and CFTSupervision process and methodologies
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2025-07-28•United States•Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland will appoint a new director for its Cincinnati Branch to complete the term of Mary Meixelsperger, who is leaving on July 31. Meixelsperger is relocating and recently retired as CFO of Valvoline Inc. The new director will serve from January 1, 2026, until the term's end.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-28•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines released FAQ Series 1.2 to clarify the Philippine Sustainable Finance Taxonomy Guidelines for banks. The guidance covers the taxonomy's rationale, governance, scope, assessment criteria, classification system, and regulatory incentives for green projects. It emphasizes that the FAQ does not replace the SFTG, advising banks to consult Circular No. 1187 for comprehensive details.
Policy & regulationGuidance & interpretationGreen taxonomy
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2025-07-28•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam issued guidance for National Financial Literacy Day 2025, emphasizing personal finance management in a digital environment and scam prevention. Key advice includes setting financial goals, using budgeting tools, maintaining cyber hygiene, and engaging only with licensed financial institutions. Supported by the National Financial Literacy Council, the initiative aims to enhance financial literacy and awareness of financial products in Brunei Darussalam.
Financial literacy & educationFinancial literacy and education
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2025-07-28•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines held a two-day forum in Dasmariñas City to boost economic, financial, and digital literacy among MSMEs under its Economic and Financial Learning Program. Attended by 1,874 participants, it covered inflation, interest rates, financial management, microfinance, and digital financial tools. BSP Deputy Governor Bernadette Romulo-Puyat emphasized practical financial education and digital skills for MSMEs and employees.
Financial literacy & educationFinancial literacy and educationFinancial inclusion
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2025-07-28•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines held a two-day session for MSMEs in Dasmariñas City as part of its Economic and Financial Learning Program. The event on 23–24 July attracted 1,874 participants and covered topics like inflation, interest rates, financial management, and digital financial tools. Featuring speakers from various organizations, it aimed to empower MSMEs and their employees through financial education and digital skills.
Financial literacy & educationFinancial literacy and education
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2025-07-28•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission's 2025 conference highlighted improved detection and handling of market misconduct. Since 2020, 321 inspection teams issued 2,731 administrative sanctions and referred serious cases to authorities. Future priorities include enhancing the legal framework, upgrading supervisory tools, and strengthening coordination with the Ministry of Public Security and other entities.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-07-28•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission announced measures to combat vishing scams via an anti-vishing platform using AI analytics. The platform will enable rapid account suspensions and cross-sector information sharing, with AI-driven pattern analysis by the Financial Security Institute. Expected by the end of 2025, the initiative includes a broader overhaul of the anti-vishing response system.
Policy & regulationImplementation, projects & pilotsArtificial intelligence
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2025-07-28•Estonia•Central Bank of Estonia
The Central Bank of Estonia's July 2025 statistics show a 23% year-on-year decline in profit before income tax to EUR 178 million, mainly due to falling Euribor. Despite this, lending growth remained robust, with housing loans up 10% and corporate loans up 8.5% by end-June, driven by long-term investment loans in real estate and infrastructure. Net profit for banks in the second quarter was EUR 146 million, with profitability returning to pre-interest-rate-rise levels.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-07-28•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has issued template documents for issuance prospectuses and information memoranda, along with guidance on licensing procedures for capital market participants, to enhance transparency and compliance. The templates address common errors and improve document quality, while the licensing guidance outlines the process, requirements, and timelines for obtaining and maintaining a licence. The central bank aims to continue such initiatives to support market participants.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-07-28•Albania•Albania Financial Services Authority
The Albania Financial Services Authority released data on the off-exchange market for government securities for January–June 2025, highlighting primary-market auction order reception and transmission as the largest activity by volume. Retail investors dominated secondary-market transactions, with treasury bills accounting for 73.70% of these. Type B trades decreased by 68.25% in value, while type C trades increased by 16.41% compared to the same period in 2024.
Data & statisticsFinancial and market indicators
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2025-07-28•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay has made alias based transfers available to customers of 62 cooperatives and two electronic payment companies in the Paraguayan Payment System. The feature lets users send and receive transfers using identifiers such as an ID number, tax number, mobile number or email address instead of an account number. More than 3.2 million aliases have been registered since September 2023, and about 21% of Instant Payment System transfers now use the function.
Policy & regulationImplementation, projects & pilotsPayments and payment systems