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2025-07-01•Hungary•National Bank of Hungary
The National Bank of Hungary has launched the Central Fraud Detection System (CFDS), an AI tool to detect fraudulent bank transfers, as part of the governor’s “five strikes” package against financial cyberfraud. From 1 July 2025, domestic banks must submit instant transfer data to the CFDS and integrate its risk scores into their fraud controls. The package also includes enhanced supervisory expectations, potential legal amendments for bank liability, and a customer information campaign on fraud prevention.
Policy & regulationImplementation, projects & pilotsCyber resilience
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2025-07-01•Russia•Central Bank of Russia
The Central Bank of Russia reported a 6% decline in consumer credit cooperatives (CCCs) to 1,247 in Q1 2025, with 86 removed for legal violations. New procedures for the state register and additional requirements for firms handling maternity capital have enhanced market transparency and reduced unfair practices. Loan issuance continued to decline, with the top 50 CCCs holding 73% of the RUB 45.6 billion total loan portfolio.
SupervisionSupervision approach, priorities & toolkitCredit riskSupervision process and methodologies
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2025-07-01•Russia•Central Bank of Russia
The Central Bank of Russia will introduce "social bank account" and "social deposit" agreements for benefit recipients, effective 1 July 2025, via the Public Services Portal. Social deposits offer a one-year term with the highest bank interest rate for similar maturities and a RUB 50,000 cap, while social bank accounts must pay at least half the key rate on balances up to RUB 50,000. Major banks will initially offer these products, with plans to expand participating banks.
Policy & regulationRules & requirementsFinancial inclusion
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2025-07-01•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority directed the Egyptian Compulsory Insurance Pool for Civil Liability to assist families affected by the Monufia accident in expediting compensation claims, including EGP 100,000 per death. The pool's policy covers deaths and injuries from car accidents, with compensation for injuries based on disability assessments by the medical commission.
SupervisionInterventionsOther
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2025-07-01•Poland•Polish Financial Supervision Commission (KNF)
The Polish Financial Supervision Commission (KNF) Chair, Jacek Jastrzebski, highlighted discussions on an optimal covered bond issuance model and a specialised issuance vehicle structure during a European Financial Congress. He suggested reviewing mortgage bank requirements and linked the covered bond agenda to the Long-Term Funding Ratio project, aimed at addressing maturity mismatches in Polish banks and supporting financial stability.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-07-01•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission announced a consent order by the U.S. District Court for the Northern District of Illinois against LJM Partners Ltd, LJM Management Ltd, and key individuals, imposing penalties and registration bans for misleading statements and risk management failures. The order includes USD 4.6 million in disgorgement and USD 700,000 in penalties, with registration bans for Anthony J. Caine and Anish Parvataneni. This follows a CFTC complaint about false statements and significant losses in February 2018.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-07-01•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority has introduced new requirements under the amended Real Estate Brokerage Act, effective 1 July 2025. Real estate brokerage firms must assess the suitability of settlement assistants and trainee brokers and notify the authority within 14 days of hiring. Notifications must include a police certificate and diploma, submitted via the Altinn form KRT-1157.
Policy & regulationRules & requirementsLicence approval
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2025-07-01•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) updated reporting requirements under Law No. 20,009 (Fraud Act), aligning them with Law No. 21,673 on fraud-claim processing. The regulation amends General Rule No. 487, revising deadlines for fraud claim reporting to a quarterly cadence and requiring entities to publish aggregated data on objected wire transfers and card payments. It also repeals previous management letters related to these requirements.
Policy & regulationRules & requirementsFraud and scams
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2025-07-01•Chile•Chile Financial Market Commission
The Chile Financial Market Commission's Financial Report for Q1 2025 reveals insurance sales increased by 9.2% to USD 3,982.9 million, while industry profits fell 22.7% to USD 282.7 million. Life insurance sales rose 14.9%, driven by pension insurance, whereas general insurance sales declined 1.4%. Life insurers' profits dropped 37% due to higher annuity costs, while general insurers' profits rose 28.4% owing to improved margins and lower claims costs.
Data & statistics
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2025-07-01•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority (Finanstilsynet) released an ICT inspection report for OBOS-banken AS, highlighting deficiencies in governance and controls over ICT operations. Issues include inadequate ICT strategy alignment with business objectives, insufficient business impact analysis, and gaps in compliance reporting and change management. OBOS-banken plans to revise its ICT strategy, update its business impact analysis, and enhance compliance and risk reporting.
SupervisionReviews, inspections & stress testsIT managementOperational risk and resilience
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2025-07-01•Vietnam•State Bank of Vietnam
The State Bank of Vietnam held a roundtable under a SECO-funded project to support the implementation of Decree 94/2025/ND-CP, focusing on sandbox testing in the banking sector. The decree outlines solutions for credit scoring, data sharing via Open APIs, and P2P lending. The central bank plans to review and potentially expand eligible solutions, emphasizing the need for clearer guidance on service scope and participation conditions.
Policy & regulationImplementation, projects & pilotsFintech and insurtech
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2025-07-01•United States•U.S. Securities & Exchange Commission
The U.S. SEC’s Division of Corporation Finance issued a staff statement on federal securities law disclosure requirements for crypto asset exchange-traded products (ETPs). It addresses common disclosure issues in ETP filings, focusing on Regulation S-K and S-X requirements, and highlights expectations for tailored risk factor disclosures and detailed business and operational information. It reflects staff views without legal force and invites questions on applying SEC disclosure rules to crypto asset ETP offerings and registrations.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-07-01•Thailand•Ministry of Finance (Thailand)
Thailand's Ministry of Finance, in collaboration with the Bank of Thailand and financial institutions, reported ongoing participation in the "You Fight, We Help" programme. Over 1.4 million debtors, representing more than 1.9 million accounts, have registered interest and are awaiting eligibility checks as of 30 June 2025.
Policy & regulationImplementation, projects & pilotsOther
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2025-07-01•United States•Office of the Comptroller of the Currency
The United States Office of the Comptroller of the Currency released Community Reinvestment Act performance evaluations for 22 institutions, with seven rated "outstanding" and 15 "satisfactory." No institutions received ratings of "needs to improve" or "substantial noncompliance." The OCC maintains a searchable database of CRA evaluations and lists institutions scheduled for future examinations.
SupervisionReviews, inspections & stress testsOther
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2025-07-01•United States•Office of the Comptroller of the Currency
Acting Comptroller Rodney E. Hood highlighted homeownership as a key to financial inclusion and generational wealth at the Detroit REACh Homebuyers Fair. The Office of the Comptroller of the Currency is working to expand affordable homeownership through Project REACh and its collaboration with NeighborWorks America, aiming to integrate unbanked and underbanked individuals into the banking system.
Policy & regulationReform agendas & prioritiesFinancial inclusion
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2025-07-01•Malta•Malta Financial Services Authority
The Malta Financial Services Authority and the Malta Gaming Authority have signed a Memorandum of Understanding to enhance collaboration on regulatory matters, focusing on information sharing and enforcement. This bilateral agreement complements an existing multi-party MoU on anti-money laundering and related issues, and includes provisions for training and education to improve supervisory skills and institutional competencies.
Policy & regulationCooperationCross-border cooperation
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2025-07-01•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has implemented Prudential Standard CPS 230 Operational Risk Management, enhancing expectations for banks, insurers, and superannuation funds to ensure continuity of critical services and effective response to disruptions. The standard mandates identification of key business services, testing of business continuity plans, and improved third-party risk management, with smaller entities given an additional year to comply.
Policy & regulationRules & requirementsOperational risk and resilienceOutsourcing and third-party risk management
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2025-07-01•Switzerland•Federal Department of Finance (Switzerland)
The Swiss Federal Department of Finance released the IMF's 2025 Article IV mission statement, praising Switzerland's economic resilience but noting challenges in federal spending and financial stability. The IMF forecasts 1.3% real growth in 2025, supported by private consumption and construction, while highlighting external risks. It calls for stronger financial supervision and crisis management, aligning with the Federal Council's reform proposals.
Policy & regulationInternational standards & recommendationsEconomic data and developmentsFinancial stability and systemic risk
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2025-07-01•India•Securities & Exchange Board of India
Sunil Jayawant Kadam has been appointed as Executive Director of the Securities and Exchange Board of India (SEBI) in Mumbai, overseeing several departments including Information Technology and Investor Assistance. Kadam, who joined SEBI in 1996, previously served as Chief General Manager and has extensive experience in market regulation and corporate finance.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-07-01•India•Securities & Exchange Board of India
SEBI held a Municipal Bond Outreach Programme in Thiruvananthapuram to educate Urban Local Bodies on municipal debt securities and market-based financing for urban development. The event covered bond structuring, regulatory compliance, and credit rating, highlighted by Vadodara Municipal Corporation's launch of "The Green Book – On Climate Finance & Green Municipal Bonds," showcasing Asia's first globally certified green municipal bond.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-07-01•Denmark•National Bank of Denmark
Danish households significantly increased net purchases of European stocks, exceeding DKK 9 billion from January to May 2025, while being net sellers of American and Danish stocks. Defence stocks, particularly Rheinmetall and Saab, constituted 32% of these European purchases, with Rheinmetall becoming the largest European holding due to price increases. Despite these shifts, American stocks still represented 29% of households' total stock portfolios as of May.
Data & statisticsFinancial and market indicators
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2025-07-01•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury and the European Commission issued a joint statement on the EU-U.S. Joint Financial Regulatory Forum held in June 2025, highlighting cooperation across seven themes including financial stability, digital finance, and AML/CFT. Discussions involved elevated asset valuations, crypto developments, cross-border payments, and Basel III reforms. The Forum included key EU and U.S. regulatory bodies, with continued engagement planned ahead of the next meeting in late 2025.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-07-01•Taiwan•Taiwan Financial Services Commission
Taiwan's Financial Supervisory Commission announced that the Legislative Yuan approved amendments to the Securities Investor and Futures Trader Protection Act, enhancing the institution's ability to sue company directors and supervisors. The amendments allow independent grounds to initiate derivative and discharge suits in cases of securities fraud and other misconduct and expand operational funding sources. The revised provisions apply to ongoing lawsuits not yet finalized.
Policy & regulationRules & requirementsCorporate governance
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2025-07-01•Cayman Islands•Cayman Islands Monetary Authority
The Cayman Islands Monetary Authority has extended the filing deadline to 7 July 2025 for funds with a 31 December 2024 financial year-end due to technical disruptions. No penalties will be imposed during this period, and filing options remain available through the REEFS Portal. Funds with financial year-ends after 31 December 2024 must adhere to the standard six-month filing requirement or request an extension with a fee.
SupervisionRegulatory reporting
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2025-07-01•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury updated the UK sanctions list under the Russia sanctions regime, amending entries for Yegor Yurievich Karasev, Anatoliy Moiseevich Cherner, and the Main Directorate of Deep-Sea Research of the Ministry of Defence of the Russian Federation. These entries remain subject to an asset freeze and now include trust services sanctions. Institutions must freeze assets of designated persons, avoid unauthorized dealings, and report to the Financial Intelligence Unit. Breaches constitute criminal offences.
Policy & regulationRules & requirementsSanctions list update
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2025-06-30•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission attended an International Conference on Cybercrime, where board chair Elmer Serrão highlighted rising fraud risks in Angola’s financial market via digital channels. Serrão noted Ponzi schemes, fake investment platforms, and unlicensed cryptoassets. The Commission is drafting a Legal Regime for Collaborative Financing to establish clearer rules for crowdfunding platforms and investor protections.
Policy & regulationRules & requirementsFraud and scams
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2025-06-30•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua reported total external debt for Q1 2025 at USD 15,778.9 million, with public-sector debt at 55.1% and private-sector debt at 44.9%. External debt decreased by USD 3.2 million from December 2024, driven by a decline in private external debt and an increase in public external debt. Quarterly disbursements amounted to USD 749.6 million, primarily for electricity, gas, water, and trade sectors.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo has amended its regulation on the Bonus-Malus system for compulsory motor third-party liability insurance. The changes rectify issues where registration delays resulted in higher premiums for insured individuals without traffic accidents. The revised regulation, approved on 25 June 2025, will be effective from 4 August 2025.
Policy & regulationRules & requirementsOther
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2025-06-30•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority is addressing the Process Review Panel’s 2024 Annual Report recommendations to enhance the adequacy and consistency of its internal procedures and operational guidelines.
Institutional developmentCooperation & capacity buildingRegulatory burden
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2025-06-30•Global•Egmont Group
The Egmont Group of Financial Intelligence Units will hold its annual Plenary in Luxembourg from July 6 to 11, 2025, marking its 30th anniversary. The event will focus on international coordination in anti-money laundering and counter-terrorism financing, featuring thematic sessions, operational training, and the Best Egmont Case Award competition.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-06-30•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama's latest report highlights the National Banking System's solid financial position as of May 2025, supported by strong risk management and liquidity. The International Banking Center's credit portfolio grew by 9.5% year-on-year to USD 98,506 million, with notable increases in agriculture, trade, and personal consumption. The report emphasizes maintaining operational efficiency, income diversification, and asset quality amid potential impacts from recent disruptions.
SupervisionRisk monitoring & watch pointsCapital adequacyLiquidity riskAsset quality
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2025-06-30•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus reported May 2025 statistics showing minimal growth in total deposits, with a net increase of EUR 1 million, bringing the stock to EUR 56.1 billion and reducing the annual growth rate to 5.8%. Lending expanded by EUR 116.8 million, raising the balance to EUR 25.7 billion and increasing the annual growth rate to 5.1%. These figures reflect transactions, excluding reclassifications and exchange-rate effects.
Data & statisticsMonetary data
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2025-06-30•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority (CMA) approved Abdulaziz Ahmad Altwijri Trading Co’s application to register and offer 1,000,000 shares on the Parallel Market, representing 20% of its share capital, limited to Qualified Investors. The CMA emphasized that its approval confirms compliance with legal requirements and is not an investment recommendation. The approval is valid for six months, contingent on completing the offering and listing within this timeframe.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-30•Israel•Bank of Israel
The Bank of Israel has completed transitioning the ZAHAV system to the ISO 20022 payments messaging standard for real-time shekel-denominated transfers, aligning with international standards to enhance data quality, processing speed, and transaction security. This upgrade aims to foster innovation and transparency, supporting a more open and competitive financial market.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-06-30•Israel•Bank of Israel
The Bank of Israel reported a 1% increase in the public’s financial assets portfolio, reaching approximately NIS 6.3 trillion in Q1 2025, driven by a rise in corporate bonds and equities. Institutional investors' assets grew by 0.9% to NIS 2.89 trillion, while mutual funds in Israel saw a 3.3% increase to NIS 617.4 billion, bolstered by net new investments in domestic bond, money market, and equity funds.
Data & statisticsFinancial and market indicators
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2025-06-30•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) released a report on the 2023–2024 Common Supervisory Action with National Competent Authorities, evaluating the investment management sector's integration of sustainability risks and disclosures. While overall compliance was satisfactory, the review highlighted the need for improvements under the Sustainable Finance Disclosure Regulation (SFDR). ESMA plans to continue discussions with NCAs and urges proactive engagement with market participants to address identified vulnerabilities.
SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
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2025-06-30•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo and the Kosovo Intelligence Agency have signed a Memorandum of Cooperation to enhance inter-institutional collaboration. The agreement establishes a framework for secure information exchange to support their constitutional and legal responsibilities, aiming to strengthen security, transparency, and institutional resilience.
Policy & regulationCooperationCross-border cooperation
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2025-06-30•Denmark•Danish Finanstilsynet
Danish Finanstilsynet will phase out certain data submissions for credit institutions, effective Q3 2025, as the information is either redundant or obtainable through other reporting. The final reporting for the affected templates is based on a reference date of 30 June 2025. This includes various reporting forms related to loans, foreign bank branches, financial statements, and risk assessments.
Policy & regulationRules & requirementsRegulatory reporting
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2025-06-30•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority reviewed banks' practices in advising customers on mortgage loan conversions, emphasizing the need for clear communication of risks and financial impacts. The Authority identified seven focus points to ensure homeowners understand potential uncertainties, particularly when interest rates fluctuate. The review was based on materials and responses from selected banks.
SupervisionReviews, inspections & stress testsConsumer and investor protection
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2025-06-30•Dominican Republic•Pensions Superintendency (SIPEN)
SIPEN and the World Bank released a study on the Dominican Pension System, focusing on labour informality's impact. It highlights that prolonged contribution or non-contribution affects workers' status changes, with younger cohorts showing more polarisation. It recommends reviewing eligibility parameters for the guaranteed minimum pension due to potential limitations in ensuring lifetime minimum pensions.
Research
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2025-06-30•Kenya•Central Bank of Kenya
The Central Bank of Kenya has revoked Bank Al-Habib Ltd's authorization to operate a representative office in Kenya, leading to its closure. This decision, effective May 15, 2025, aligns with Bank Al-Habib's strategy to streamline its foreign operations. The office, established in 2018, served as a marketing and liaison hub for the bank and its affiliates.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-06-30•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market announced efforts to modernize its communication platforms to enhance transparency and financial literacy. The Commission emphasized its website as the main source for decisions, news, and regulatory information, and highlighted its presence on social media and the "Contribution" portal for novice investors.
Institutional developmentTechnology & data transformationOther
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2025-06-30•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets issued a sector letter to AIFM-light managers, highlighting non-compliance with legal obligations, including late or incorrect AIFMD reporting and missing essential information documents. The review also found deficiencies in compliance with the Dutch Anti-Money Laundering and Anti-Terrorist Financing Act and the Sanctions Act, as well as errors in investor classification and deregistration processes. The letter offers guidance for aligning with supervisory expectations.
SupervisionReviews, inspections & stress testsRegulatory burden
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2025-06-30•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets published research on asset managers' engagement with investee companies in sustainable investment strategies, highlighting challenges in demonstrating effectiveness. The study suggests engagement is resource-intensive but valuable, needing clearer reporting on integration into strategies and methodologies. It emphasizes quality over quantity, recommending focused engagement on select companies and ESG themes, supported by credible escalation and collaboration.
ResearchESG
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2025-06-30•Ireland•Central Bank of Ireland
The Central Bank of Ireland's annual pre-budget letter from Governor Gabriel Makhlouf urges resilience against changing geoeconomic relationships by broadening the tax base and addressing infrastructure gaps. It calls for a credible fiscal anchor, rigorous expenditure control, and sustainable spending increases, noting EUR 265bn needed by 2050. The letter supports transfers to the Future Ireland Fund and the Infrastructure, Climate and Nature Fund, emphasizing reforms to improve infrastructure planning and construction productivity.
Policy & regulationGuidance & interpretationOther
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2025-06-30•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) has launched the Database Agen Asuransi Indonesia and Database Polis Asuransi Indonesia to centralize data on licensed insurance agents and policy information, enhancing governance and consumer protection. The agent database integrates with the SPRINT platform for digital licensing, while the policy database supports risk-based supervision and transparency through monthly submissions via the Online Reporting Application (APOLO). OJK emphasizes the importance of consistent use by insurance companies, industry associations, and the public for the initiative's success.
Policy & regulationImplementation, projects & pilotsCorporate governance
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2025-06-30•Georgia•National Bank of Georgia
The National Bank of Georgia released updated gross external debt statistics, showing a total of USD 25.5 billion (GEL 70.5 billion) as of 31 March 2025, representing 74.2% of GDP. The increase in debt was primarily driven by exchange rate changes, with public sector debt at USD 11.0 billion and banking sector debt at USD 8.6 billion. Notably, 88.6% of the gross external debt was denominated in foreign currency.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•Georgia•National Bank of Georgia
The National Bank of Georgia released updated International Investment Position statistics, revealing a net IIP of USD -31.5 billion (GEL -87.0 billion) as of 31 March 2025, equating to -91.7% of GDP. This marks a USD 1.4 billion deterioration from the previous quarter, with international assets at USD 17.2 billion and liabilities increasing to USD 48.7 billion.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•North Macedonia•National Bank of the Republic of North Macedonia
Governor Dr. Trajko Slaveski of the National Bank of the Republic of North Macedonia attended the BIS Annual General Meeting, where the BIS's activity and financial reports were adopted. Discussions emphasized central bank policies for crisis mitigation, economic stability, and future trends in digitalization. The National Bank highlighted its full BIS membership and voting rights.
Policy & regulationCooperationMonetary policy decisions and developments
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2025-06-30•Georgia•National Bank of Georgia
National Bank of Georgia Governor Natia Turnava attended the 24th Annual Bank for International Settlements conference in Basel, focusing on central banks' evolving roles amid digitalisation and economic fragmentation. The event featured discussions on digital finance, liquidity, and policy challenges, with keynotes from European Central Bank President Christine Lagarde and participation from senior central bank leaders, including U.S. Federal Reserve Chair Jerome Powell.
Other
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2025-06-30•Georgia•National Bank of Georgia
The National Bank of Georgia reported a Q1 2025 current account deficit of USD 660.1 million (GEL 1.9 billion), or 8.5% of GDP, driven by a wider goods trade gap and negative income balance. Goods trade deficit rose 15.1% year-on-year to USD 1.7 billion, while services and current transfers contributed positively. Net foreign direct investment was USD 74.2 million, with statistics compiled under the IMF Balance of Payments Manual, fifth edition.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•United States•National Credit Union Administration
The National Credit Union Administration issued a notice of prohibition and a consent-based order of prohibition in June 2025, barring two individuals from involvement with any federally insured depository institution. Christian Wright, formerly of Mid American Credit Union, was prohibited following a theft conviction, while Kevin Spratt, formerly of Police & Fire Federal Credit Union, consented to the prohibition to settle claims.
EnforcementSanctions & designations
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2025-06-30•China•Central Bank of the Republic of China
People's Bank of China Governor Pan Gongsheng participated in the Bank for International Settlements governors’ meeting in Basel, discussing the international economic outlook, new payment instruments, and trade policy challenges. He also held bilateral meetings with BIS General Manager Agustín Carstens and several central bank governors.
OtherCross-border cooperation
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2025-06-30•China•Central Bank of the Republic of China
The Central Bank of the Republic of China published May statistics on China's financial markets, detailing bond issuance of CNY 7.20 trillion and total bond custody of CNY 187.2 trillion. Overseas institutions held CNY 4.4 trillion, primarily in government bonds. Interbank cash bond trading volume reached CNY 30.7 trillion, with significant concentration in interbank corporate credit bonds among the top 50 investors.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-30•Australia•Australian Securities & Investments Commission
ASIC has initiated Federal Court proceedings against Venture 5 Group Pty Ltd, trading as CashnGo Australia, for alleged unconscionable debt recovery practices, unfair contract terms, and non-compliant direct debit notices affecting 67,545 consumers. From April 2022 to May 2025, CashnGo managed 227,148 small credit contracts, impacting 34,833 consumers with unscheduled debits, while reportedly earning 77 million AUD in revenue.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2025-06-30•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has cancelled the Australian financial services licence of Ballast Financial Management Pty Ltd, effective 20 June 2025, under section 915B of the Corporations Act 2001, after the firm ceased operations. Ballast, which held licence number 233180 since 2003, was authorised to provide financial product advice to retail and wholesale clients and may seek a review of ASIC's decision by the Administrative Review Tribunal.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2025-06-30•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has initiated civil penalty proceedings against Delta Power & Energy (Vales Point) Pty Ltd in the Federal Court of Australia. ASIC alleges Delta manipulated the ASX 24 market for electricity futures contracts on 30 occasions between 8 September and 6 October 2022, improperly influencing the daily settlement price, a financial benchmark. The regulator seeks declarations and pecuniary penalties.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-06-30•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has updated Regulatory Guides 132 and 136 for managed investment schemes with minor amendments reflecting legislative changes and ASIC relief. These updates, which do not alter legal requirements or add regulatory burdens, include references to the new Australian Standard AS ISO 37301:2023 for compliance management systems and provisions for virtual or hybrid scheme member meetings under the Corporations Act. No external consultation was conducted as the changes are administrative.
Policy & regulationGuidance & interpretationRegulatory burden
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2025-06-30•Europe•European Banking Authority
The European Banking Authority (EBA) issued technical advice to the European Commission on fees for the EBA's central validation of pro forma models under the European Market Infrastructure Regulation (EMIR). Recommendations include recovering costs through fees, simplifying fee calculations based on OTC derivatives, and detailing payment and invoicing processes. This advice follows feedback from a March 2025 discussion paper and aims to aid the Commission in finalizing the delegated act under Article 11(12a) of EMIR.
Policy & regulationGuidance & interpretationMarket infrastructure
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2025-06-30•Global•Egmont Group
The Egmont Group of Financial Intelligence Units said its 30th anniversary plenary will be held in Luxembourg from July 6 to 11, 2025, with more than 550 delegates attending. The meeting will focus on the future of international AML and CFT coordination, with sessions on FIU independence, illicit finance resourcing and the future of the Egmont Secure Web. Workshops, training and the annual Best Egmont Case Award competition will also form part of the program.
Policy & regulationCooperationCross-border cooperationAML and CFT
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2025-06-30•Ukraine•National Bank of Ukraine
Ukraine’s Financial Stability Council approved a Mortgage Lending Development Strategy and updated the Strategy of Ukrainian Financial Sector Development, aligning with commitments to international partners, primarily the IMF. The mortgage strategy includes implementing Directive 2014/17/EU, enabling mortgage insurance against war risks, and introducing European standards for property appraisal. The financial sector strategy updates sector analysis and targets, addressing systemic risks, with the full-scale war and geopolitical uncertainty as key concerns.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic risk
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2025-06-30•Lithuania•Bank of Lithuania
The Bank of Lithuania reported a rise in household deposits by EUR 192.4 million (0.7%) and a decline in non-financial corporation deposits by EUR 335.5 million (3.0%) for May 2025. Loans to Lithuanian residents increased by EUR 533.4 million (1.7%), with notable growth in loans to non-financial corporations and households. Interest rates on new household loans remained stable, while rates for non-financial corporations increased.
Data & statisticsMonetary data
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2025-06-30•Lithuania•Bank of Lithuania
The Bank of Lithuania released Q1 2025 balance of payments data, showing service exports of EUR 5.6 billion (up 11.7% year on year) and imports of EUR 3.4 billion (up 16.0%), resulting in a services surplus of EUR 2.2 billion. Transport services dominated both exports and imports, with road transport showing the largest surplus and sea freight the largest deficit. Exports to EU Member States rose 8.8%, with Germany as the top export partner, while imports from the EU increased 13.9%, led by Poland.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•Lithuania•Bank of Lithuania
The Bank of Lithuania reported a 30.3% year-on-year decline in foreign direct investment (FDI) inflows for Q1 2025, totaling EUR 352 million, while FDI income rose 5.1% to EUR 823.6 million. The cumulative FDI position increased 7.6% to EUR 39.4 billion, with significant inflows from Germany and the UK, and notable outflows to Sweden and Poland. Outward direct investment from Lithuania was EUR 94.8 million, with the US as the largest destination.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•Portugal•Bank of Portugal
The Bank of Portugal has maintained the Republic of Mozambique and the Macao Special Administrative Region on its list of material third countries for countercyclical capital buffer (CCyB) rates, effective from 1 July 2025 to 30 June 2026. This decision follows an assessment aligned with the European Systemic Risk Board's recommendation, focusing on direct exposures to the private non-financial sector. The list will be reviewed annually.
Policy & regulationRules & requirementsMacroprudential policy and tools
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2025-06-30•Portugal•Bank of Portugal
The Bank of Portugal announced that the countercyclical capital buffer (CCyB) rate will remain at 0% from 1 July 2025 and increase to 0.75% from 1 January 2026. This decision affects credit risk exposures to the domestic private non-financial sector in Portugal and is reviewed quarterly. The Bank has published the decision with supporting analysis and information on CCyB rates for EU and EEA Member States.
Policy & regulationRules & requirementsCapital adequacyMacroprudential policy and tools
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2025-06-30•Portugal•Bank of Portugal
The Bank of Portugal released May 2025 statistics indicating a 6.9% year-on-year increase in household lending, the highest since August 2008, with housing loans rising by EUR 960 million. Corporate lending grew by 2.7% year on year, the strongest since June 2022, while household deposits increased by 5.6% year on year, continuing a trend of monthly deceleration. The data excludes non-transactional effects like exchange rate movements.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-30•Germany•BaFin
Germany's Federal Financial Supervisory Authority (BaFin) will withdraw all exemptions from the German Money Laundering Act granted before 20 August 2008, effective 10 July 2027. This decision aligns with the EU Anti-Money Laundering Regulation 2024/1624, which lacks equivalent exemption provisions. BaFin indicates that any future exemptions for low-risk activities would require new German legislation and be more restrictive.
Policy & regulationRules & requirementsAML and CFT
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2025-06-30•T?rkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye launched financial literacy training for university students under the ISKUR Youth Program, starting with a pilot at Zonguldak Bülent Ecevit University. This initiative, part of broader efforts including the "Finance High School" and "Finance Academy" projects, aims to enhance economic decision-making and risk awareness. Additionally, Presidential Circular No. 2025/9 established 22 May as "Financial Literacy Day," promoting financial awareness as state policy.
Financial literacy & educationFinancial literacy and education
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2025-06-30•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Process Review Panel for the Mandatory Provident Fund Schemes Authority (MPFA) released its 2024 Annual Report, reviewing 29 selected cases from 6,557 closed or discontinued cases. The report highlights efforts to enhance enforcement consistency and transparency, identifies areas for improvement, and offers recommendations to bolster public confidence in the Mandatory Provident Fund system. The panel noted the departure of two members and invited public and market feedback.
Policy & regulationPeer reviews and country evaluationsAuditing
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2025-06-30•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Financial Services and the Treasury Bureau of Hong Kong appointed Mr. Jacky Lio Veng-hei and Professor Hui Kai-lung as non-official members of the Industry Advisory Committee on General Business of the Insurance Authority for a two-year term starting 1 July 2025. The Bureau thanked outgoing members Dr. Fung Hong and Professor Tang Heiwai. The committee advises the Insurance Authority on general insurance matters, with members from sectors including fintech, medical, legal, and academia.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-30•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong’s Financial Services and the Treasury Bureau acknowledged the 2024 Annual Report of the Process Review Panel for the Mandatory Provident Fund Schemes Authority, assessing cases from May 2023 to April 2024. The report aims to enhance the fair use of MPFA’s regulatory powers and improve Hong Kong’s retirement protection framework. The PRP, an independent panel, reviewed the MPFA’s procedures for trustee approvals, scheme supervision, and complaint handling.
Institutional developmentOtherSupervision process and methodologies
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2025-06-30•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
The Financial Services and the Treasury Bureau of Hong Kong has appointed and reappointed 20 non-official members to the Task Force on Promoting Web3 Development for a two-year term starting 1 July 2025. Chaired by the Financial Secretary, this Task Force aims to support the Government’s initiatives on Web3 and the digital asset ecosystem in line with Policy Statement 2.0. The membership includes industry leaders and senior officials from key financial and regulatory bodies.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-30•Finland•Bank of Finland
The Bank of Finland is reforming its statistical offering by replacing traditional tables and charts with interactive Microsoft Power BI dashboards, organized by topic. This transition aims to address technological obsolescence and improve user access to information. As dashboard coverage expands, legacy tables and charts will be phased out, with users encouraged to utilize the Bank's open data service for programmatic access.
Data & statisticsRegulatory reporting
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2025-06-30•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru’s Superintendencia de Banca, Seguros y AFP has introduced new identity-validation measures for credit and debit card transactions, requiring two-factor authentication. Card-present transactions must use a chip and PIN from 1 July, while card-not-present transactions need card data and a dynamic verification code. The deadline for implementing a PIN as a second factor and cryptographic techniques for third-party platforms is extended to 1 April 2026, after which firms will be liable for unrecognised transactions lacking a second factor.
Policy & regulationRules & requirementsCyber resilience
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2025-06-30•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Monthly Authorised Deposit-taking Institution Statistics for May 2025, accessible on the APRA website.
Data & statisticsSupervisory data
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2025-06-30•Philippines•Department of Finance (Philippines)
The Philippines Department of Finance, led by Finance Secretary Ralph G. Recto and SEC Chairperson Francis Lim, is advancing reforms to enhance business ease and capital market depth. Key initiatives include implementing the Capital Markets Efficiency Promotion Act, tightening crypto asset oversight, and simplifying SME registration. Additional measures involve updating SEC fees, enhancing NBFI supervision, and aligning market practices with global standards.
Policy & regulationImplementation, projects & pilotsMarket developmentCorporate governance
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2025-06-30•Australia•Reserve Bank of Australia
The Reserve Bank of Australia has released a consultation paper detailing draft guidance for the Australian Clearing and Settlement Facility Resolution Regime, following amendments to the Corporations Act 2001. The guidance aims to clarify the RBA's use of crisis resolution powers over domestic CS facilities, with submissions open until 11 August 2025.
Policy & regulationGuidance & interpretationRecovery and resolution
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2025-06-30•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported the Exchange Fund's total assets at HKD 4,159.5 billion as of 31 May 2025, an increase of HKD 186.2 billion from April. Foreign currency assets rose by HKD 208.1 billion, while Hong Kong dollar assets decreased by HKD 21.9 billion. The Monetary Base increased to HKD 2,124.9 billion, with Backing Assets rising to HKD 2,356.2 billion, and the Backing Ratio slightly improved to 110.88%.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority's May 2025 residential mortgage survey reported a 5% increase in mortgage applications and a 5.3% rise in loan approvals, totaling HKD 26.6 billion. Despite this, loan drawdowns decreased by 5.3% to HKD 16.2 billion. The share of new mortgages linked to the Hong Kong Interbank Offered Rate (HIBOR) rose to 93.4%, while those tied to best lending rates declined to 1.9%.
Data & statisticsFinancial and market indicators
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2025-06-30•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert regarding fraudulent websites and phishing emails linked to Standard Chartered Bank (Hong Kong) Limited. The alert emphasizes that banks do not send SMS or emails with embedded links for transactions or request sensitive information. Affected individuals should contact their bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-06-30•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) published data on Hong Kong's foreign currency reserves and liquidity for May 2025, adhering to the International Monetary Fund's Special Data Dissemination Standard. The HKMA maintains a monthly publication cycle for Exchange Fund data, including three SDDS-related releases and one on the Exchange Fund’s Abridged Balance Sheet and Currency Board Account.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported a 2.5% increase in total deposits and a 0.9% rise in total loans and advances for May 2025. The Hong Kong dollar loan-to-deposit ratio decreased to 70.5% as deposits outpaced lending. Notably, renminbi deposits fell by 5.4%, while monetary aggregates showed significant growth, with Hong Kong dollar M1 increasing by 12.3% in May.
Data & statisticsMonetary data
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2025-06-30•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) announced that GMM Global Money Managers AIFM Ltd has begun dissolving and liquidating BLUE PI RAIF V.C.I.C. LTD's investment compartment, BLUE PI REAL ESTATE. The compartment will stay listed in the Registered Alternative Investment Funds Registry and on CySEC’s website as "under liquidation" until the process is completed and documents are submitted per Article 138 of the Alternative Investment Funds Law of 2018.
Policy & regulationImplementation, projects & pilotsRecovery and resolution
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2025-06-30•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 approved Tlek Kabykenevich Alzhanov's acquisition of major participant status in JSC Standard Life Life Insurance Company. This status requires measures to enhance the insurer's financial condition, including capital increases if necessary. Standard Life holds 4.0% of the sector's aggregate assets, ranking sixth among Kazakhstan's life insurers.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-30•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency announced amendments requiring fire liability insurance for large public facility owners. Sites like shopping centres over 2,000 square metres must have insurance covering life, health, and property harm. The minimum insurance sum is 75,000 monthly calculation indices (KZT 295 million), with specific payout caps for damages.
Policy & regulationRules & requirementsOther
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2025-06-30•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency issued guidance on voluntary motor insurance (CASCO) during car sales, emphasizing CASCO policies are non-transferable. Sellers can terminate the contract for a partial refund or reissue it for another vehicle, subject to contract terms. The agency advises confirming procedures with insurers and reviewing terms at purchase if a sale before expiry is anticipated.
Policy & regulationGuidance & interpretationOther
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2025-06-30•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 declined to approve Oleg Sergeevich Zaitsev for a senior management role in the securities market.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-30•Finland•Ministry of Finance (Finland)
Finland's Ministry of Finance is consulting on legislative changes to housing finance, proposing longer mortgage maturities, increased flexibility for the loan-to-value cap, and adjustable rules for housing company loans. The draft suggests extending mortgage terms to 35 years and allowing a loan-to-value cap of up to 95%. Housing company loans may be regulated by decree, with borrowing capped at 60–70% of the debt-free price and a maximum term of 30 years.
Policy & regulationRules & requirementsLending
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2025-06-30•Bulgaria•National Bank of Bulgaria
Bulgarian National Bank Governor Dimitar Radev attended the 95th Annual General Meeting of the Bank for International Settlements in Basel, where central banks approved the annual report and financial statements. A dividend of 380 special drawing rights (SDR) per share was adopted for the 2024/2025 financial year. The Bulgarian National Bank, holding 8,000 shares, expects to receive approximately 3,040,000 SDR, estimated at BGN 7.45 million.
Institutional developmentOther
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2025-06-30•United Kingdom•UK Parliament
The UK Parliament's Treasury Select Committee report on the Lifetime ISA (LISA) highlights concerns over its dual purpose for home purchase and retirement saving, which may lead to unsuitable strategies and expose savings to avoidable risks. It criticizes the impact of LISA holdings on means-tested benefits eligibility and the 25% charge for unplanned withdrawals, questioning the product's value for money. The report calls for LISA reform and clearer labeling if benefit eligibility rules remain unchanged.
Policy & regulationReform agendas & prioritiesOther
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2025-06-30•United States•Federal Reserve Bank of Boston
The Federal Reserve Bank of Boston, with the Harvard Joint Center for Housing Studies and other Federal Reserve Banks, hosted a conference on record U.S. home prices' impact on affordability and local economies. The event highlighted a 60% rise in single-family home prices since 2019, with the 2024 median price at USD 412,500. Discussions focused on housing affordability as a constraint on labor markets and household wealth, emphasizing supply constraints, high construction costs, and zoning challenges.
ResearchOther
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2025-06-30•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities, in collaboration with Algeria's COSOB and IAHEF, conducted a five-day training in Algiers on the venture capital lifecycle, covering topics from investment evaluation to exit strategies.
Policy & regulationImplementation, projects & pilotsFintech and insurtechArtificial intelligence
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2025-06-30•Middle East•Arab Monetary Fund
The Arab Monetary Fund organized the 19th meeting of the Arab Committee for Credit Information, gathering Arab central banks, monetary agencies, and credit information providers to discuss credit information systems. The meeting, held via videoconference, emphasized the role of these systems in enhancing lending efficiency, risk management, and financial inclusion.
Policy & regulationCooperationCredit ratings
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2025-06-30•South Africa•South African Reserve Bank
The South African Reserve Bank's May 2025 report shows USD 68,116 million in official reserve assets. Foreign currency reserves total USD 47,916 million, with securities and deposits at USD 34,586 million and USD 13,329 million, respectively. Predetermined short-term net drains include USD 3,934 million in principal and USD 1,769 million in interest outflows, partially offset by net long forward and futures positions of USD 529 million.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•South Africa•South African Reserve Bank
The South African Reserve Bank released the Corporation for Deposit Insurance’s (CODI) Annual Report 2024/25, detailing its first year operating the Deposit Insurance Scheme, protecting deposits up to ZAR 100,000 per depositor. By 31 March 2025, the Deposit Insurance Fund reached ZAR 20 billion, primarily funded by member banks' loans and premiums. CODI plans to enhance IT systems, optimize fund investments, and assess coverage adequacy, while seeking legislative amendments to bolster operational capabilities.
Data & statisticsCorporate governance
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2025-06-30•South Africa•South African Reserve Bank
The South African Reserve Bank has announced its 105th annual Ordinary General Meeting of shareholders, scheduled as a hybrid event on 8 August 2025. The agenda includes reviewing financial statements, deciding on audit remuneration and appointments, and electing non-executive directors. The panel confirmed incumbents Mr. Zoaib Hoosen, Mr. Stephen Jon van Coller, and Prof. Ferdinand Herbert Meyer as suitable candidates for the vacancies.
Institutional developmentLeadership change & appointmentsCorporate governance
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2025-06-30•South Africa•South African Reserve Bank
The South African Reserve Bank reported South Africa's gross external debt at USD 173,051 million as of 31 March 2025, up from USD 168,354 million at the end of 2024. The general government sector accounted for USD 81,683 million, with significant contributions from deposit-taking corporations and direct investment.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•South Africa•South African Reserve Bank
The South African Reserve Bank reported an increase in South Africa's net international investment position (IIP) from ZAR 2,124 billion in December 2024 to ZAR 2,229 billion in March 2025, driven by a 1.8% rise in foreign assets to ZAR 9,460 billion, mainly due to valuation effects. Foreign liabilities increased by 0.9% to ZAR 7,231 billion, supported by higher portfolio and other investment liabilities. The net IIP as a share of GDP rose from 28.9% to 30.1% over the quarter.
Data & statisticsBalance of payments and other external statistics
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2025-06-30•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand has launched the Deposit Compensation Scheme (DCS) to provide automatic protection for retail deposits held with licensed deposit takers, effective 30 June 2025. The scheme, established under the Deposit Takers Act 2023, covers standard banking products but excludes investments like KiwiSaver, bonds, and shares, and is funded through industry levies.
Policy & regulationImplementation, projects & pilotsLicence approval