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2025-06-20•South Africa•South African Reserve Bank
The South African Reserve Bank's Prudential Authority imposed administrative sanctions on the Bank of Taiwan, South Africa Branch, for non-compliance with the Financial Intelligence Centre Act 38 of 2001. The sanctions include a caution and reprimand due to weaknesses in BOTSA's Risk Management and Compliance Programme governance and implementation. BOTSA has cooperated and initiated remedial actions to address these deficiencies.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-06-20•South Africa•South African Reserve Bank
The Prudential Authority of the South African Reserve Bank sanctioned Citibank N.A. South Africa Branch for non-compliance with the Financial Intelligence Centre Act 38 of 2001, following a 2022 inspection. Citibank received a caution and a ZAR 6 million penalty, conditionally suspended for 12 months, for failing to implement its Risk Management and Compliance Programme. The bank has cooperated and taken remedial actions to address the compliance issues.
EnforcementSanctions & designationsCompliance
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2025-06-20•South Africa•South African Reserve Bank
The South African Reserve Bank's Prudential Authority imposed sanctions on HBZ Bank Limited for non-compliance with the Financial Intelligence Centre Act, following a 2022 inspection. Sanctions include cautions, reprimands, and a ZAR 9 million penalty, with ZAR 1.5 million conditionally suspended. HBZ was found lacking in customer due diligence, record-keeping, and risk assessment, but has cooperated and initiated remedial actions.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-06-20•Sint Maarten & Curacao•Central Bank of Sint Maarten & Curacao
The Central Bank of Curaçao and Sint Maarten has alerted the public about a rise in counterfeit NAf 100 banknotes in Curaçao, advising against accepting these notes until July 1, 2025. The counterfeits are hard to distinguish and often have trimmed edges. The Bank is working with police and judicial authorities to trace the source and prevent further distribution, reminding the public of severe penalties for handling counterfeit money.
SupervisionAlertsFraud and scams
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2025-06-20•Bulgaria•Ministry of Finance (Bulgaria)
Bulgaria's Ministry of Finance, via Deputy Minister Galya Dimitrova, outlined preparations for the euro changeover, targeting accession by 1 January 2026, pending EU legal steps. Priorities include consumer protection and market monitoring, with strategic documents and agreements in place, and a coordination mechanism established. The procedure is expected to conclude in early July, with dual pricing and system adaptations following, and euro distribution to commence in November.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2025-06-20•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) issued an alert about counterfeit surety bond policies falsely attributed to Swiss Re International S.E., which the insurer has disowned. IVASS highlighted the use of a non-attributable PEC address and reiterated previous warnings about similar counterfeit policies. Consumers are advised to verify the authenticity of quotes and contracts through IVASS's online resources before making payments.
SupervisionAlertsFraud and scams
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2025-06-20•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission launched Bersama InvestSmart®@Pahang 2025, a three-day investor education fair in Kuantan to enhance investment literacy and scam awareness. The event features over 40 exhibitors, public talks, an anti-scam zone, and free financial planning sessions. SC Chairman Dato’ Mohammad Faiz Azmi highlighted the initiative's importance amid rising scam complaints, urging public vigilance.
Financial literacy & educationFinancial literacy and educationConsumer and investor protection
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2025-06-20•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission highlighted the ASEAN Capital Markets Forum's consultation on the ASEAN Simplified ESG Disclosure Guide for SMEs in Supply Chains, aiming to streamline ESG reporting across ASEAN. The guide consolidates global and local ESG frameworks into 38 priority disclosures, categorized by sustainability maturity levels. Stakeholder feedback will refine the guide, with Version 2 anticipated at the ACMF International Conference in November 2025.
Policy & regulationInternational standards & recommendationsESG
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2025-06-20•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan conducted a presentation for investment companies and issuers on applying its Instruction on disclosure to enhance market disclosures. The session addressed practical challenges, provided examples to remedy shortcomings, and offered recommendations for accurate, complete, and timely disclosures. The Instruction is available on the central bank’s website.
Policy & regulationGuidance & interpretationDisclosures
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2025-06-20•North Macedonia•Securities and Exchange Commission of the Republic of North Macedonia
The Securities and Exchange Commission of the Republic of North Macedonia participated in a World Bank workshop on digital communication for financial education. The event focused on enhancing institutional capacity through best practices in digital and social media, covering trends, successful campaign formats, and the use of artificial intelligence. The workshop also promoted collaboration among international financial institutions.
Financial literacy & educationFinancial literacy and education
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2025-06-20•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia has released an exposure draft on proposed regulatory capital requirements for credit risk under the Basel III Internal Ratings-Based approach. The central bank is soliciting written feedback on the draft, including specific issues and alternative proposals.
Policy & regulationRules & requirementsCapital adequacy
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2025-06-20•United Kingdom•Bank of England
The Bank of England released a staff working paper on "intertemporal pass-through" (iPT), examining firms' pricing responses to expected future marginal costs. Using UK firm-level data and a natural experiment from the March 2019 Brexit tariff announcement, the study finds that firms' forward-looking pricing behavior can amplify inflation impacts. The paper highlights that iPT varies with firms' price durations and expected cost shock timings, contributing to macroeconomic aggregates' forward-looking nature.
Research
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2025-06-20•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission (GFSC) announced the removal of Slobodan Tesic from the UK Global Anti-Corruption Sanctions Regulations 2021 consolidated list, lifting the asset freeze. Firms must report any affected relationships to the GFSC per Handbook Rule 12.37, detailing the customer or asset involved and the nature of the business relationship or transaction.
EnforcementSanctions & designationsSanctions list update
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2025-06-20•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission has issued a sanctions notice designating Abubakar Swalleh under the UK's ISIL Da’esh and Al-Qaida sanctions regime, enforcing an asset freeze in Guernsey. Businesses must verify and freeze any assets linked to the individual and report findings to the States of Guernsey Policy & Resources Committee. Compliance with reporting obligations under the Sanctions Law and Handbook Rule 12.37 is required, with exceptions only under permitted derogations or licences.
EnforcementSanctions & designationsNew sanctions designations
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2025-06-20•Switzerland•Swiss National Bank
The Swiss National Bank reported a Q1 2025 current account surplus of CHF 19 billion, a CHF 10 billion increase from Q1 2024, driven by strong trade in goods. The net international investment position declined to CHF 937 billion, with a net acquisition of financial assets of CHF 45 billion and liabilities of CHF 37 billion. The SNB noted that the Q2 2025 release will include revisions to historical current account data.
Data & statisticsBalance of payments and other external statistics
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2025-06-20•Global•World Savings and Retail Banking Institute
The World Savings and Retail Banking Institute published a policy commentary by Nicolas Namias, President of the European Savings and Retail Banking Group, advocating a "reset" of European banking regulation. The ESBG roadmap emphasizes clearer, proportionate regulations aligned with business realities, streamlined supervisory expectations, and a "financing the economy" test for new rules. It also calls for recognizing competitiveness as a supervisory objective and addressing redundant measures and overlapping reporting requirements.
Policy & regulationReform agendas & prioritiesRegulatory burden
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2025-06-20•Thailand•Thailand Securities & Exchange Commission
Thailand’s Minister of Finance has appointed three expert members to the Thailand Securities and Exchange Commission Board, effective 19 June 2025. The appointees are Anan Kaewkumnoed, Chanchai Chaiprasit, and Pachara Naripthaphan, each bringing extensive experience in finance, auditing, and public sector roles.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-20•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority approved the prospectus for Crédit Immobilier et Hôtelier's capital increase.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-20•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Market Authority announced the annual update of CIH Bank's information dossier for its certificates of deposit programme.
SupervisionRegulatory reportingOther
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2025-06-20•Europe•European Payments Council
The European Payments Council has launched its API Reference Toolbox (ART) test and self-certification platform for the Verification Of Payee (VOP) scheme, developed with StreamMind, for payment service providers (PSPs) not using a Routing and/or Verification Mechanism (RVM). This initiative supports PSPs in meeting the Instant Payment Regulation requirement for an IBAN-name check service before authorising credit transfers. ART aims to mitigate interoperability risks and is available to PSPs planning to participate without an RVM, ahead of the October 2025 regulatory deadline.
Policy & regulationImplementation, projects & pilotsOpen banking and finance
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2025-06-20•Mauritius•Bank of Mauritius
The Bank of Mauritius has issued a new Rs100 polymer banknote featuring a transparent window and a dodo image with a SwingTM feature, under section 35 of the Bank of Mauritius Act 2004. Both the new polymer and existing paper Rs100 banknotes will remain legal tender. The Bank plans to introduce Rs200 polymer banknotes in 2025.
Monetary policyMonetary policy instruments & operationsCurrency and cash management
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2025-06-20•United States•Federal Reserve Board
The Federal Reserve Board issued consent prohibition orders against former employees of Bank of Hawaii and Ally Bank for embezzlement and data misappropriation, respectively. Additionally, it terminated enforcement actions against UniCredit and China Construction Bank.
EnforcementInvestigations & enforcement actionsOperational risk and resilience
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2025-06-20•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's newspaper, Banking Times, announced a revamped policy-communications strategy, including an English-language publication, Banking Insights, and AI-enabled digital products. The publication will focus on market information and financial education, with no advertising, and aims to enhance its electronic portal for modernized central bank policy dissemination. Additionally, a performance-based model for commissioning policy-communications work from the press was discussed.
Institutional developmentTechnology & data transformationOther
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2025-06-20•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) will consolidate 63 provincial and city branches into 15 regional branches effective 1 July 2025. This reorganisation aligns with Vietnam's new local government system and aims to maintain monetary security and minimise staffing disruption. Each regional branch will manage monetary, banking, and foreign exchange activities across multiple provinces, coordinating with Party organisations per central guidance.
Institutional developmentMandate & organizational structureOrganizational structure
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2025-06-20•Vietnam•State Bank of Vietnam
The State Bank of Vietnam collaborated with the United Arab Emirates’ National Anti-Money Laundering Committee to learn from the UAE's experience in exiting the Financial Action Task Force (FATF) grey list. The UAE shared strategies for addressing FATF-identified deficiencies, including legal assistance, financial supervision, and sanctions, and offered support for Vietnam's 17-action plan aimed at grey list removal.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-06-20•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported on the 2025-2027 congress of its Personnel Organisation Department, highlighting annual work plan completion and significant organisational changes, including mergers and function transfers. The department advised on organisational streamlining and administrative reform. Governor Nguyen Thi Hong directed the new committee to establish working rules and continue advising on personnel policy, staff rotation, and talent attraction.
Institutional developmentMandate & organizational structureOther
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2025-06-20•Canada•British Columbia Securities Commission
The British Columbia Securities Commission ordered David Charles Greenway to pay a CAD 22,500 penalty for failing to disclose past misconduct in corporate documents. Greenway, a director and sometimes CEO or president of five issuers, violated disclosure rules by omitting his 2012 disciplinary history from information circulars. The penalty was reduced from CAD 25,000 after Greenway's hearing.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-06-20•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's Issue and Treasury Department held its 2025–2030 congress, electing a new executive committee and setting an agenda focused on innovation, technology adoption, and digital transformation. The update reviewed 2020–2025 achievements, including legal framework improvements, cash supply management, and anti-counterfeiting measures. Priorities for the new term include implementing Politburo Resolution 57-NQ/TW, modernising treasury functions, and enhancing security and compliance.
Institutional developmentLeadership change & appointmentsOther
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2025-06-20•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has launched a training programme on digital strategy and AI for department leaders, supported by the Human Resources and IT Departments and Ho Chi Minh City Banking University. The initiative aims to enhance digital transformation and AI use in leadership. Deputy Governor Pham Tien Dung highlighted AI's potential to improve efficiency in policy issuance, supervision, and document processing.
Institutional developmentCooperation & capacity buildingArtificial intelligence
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2025-06-20•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency's Mortgage Metrics Report for Q1 2025 indicates that 97.6% of first-lien mortgages were current and performing, an increase from 97.4% in Q1 2024. The share of seriously delinquent mortgages decreased, while new foreclosures rose to 10,667. Loan modifications increased by 7.6% from the previous quarter, with 92.1% involving multiple affordability actions.
Data & statisticsCredit riskAsset quality
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2025-06-20•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has approved the registration of pure benzene futures and options on the Dalian Commodity Exchange. It will oversee the exchange's preparations to ensure a smooth launch and stable operation.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-20•Malta•Malta Financial Services Authority
The Malta Financial Services Authority held a workshop for Crypto-Asset Service Providers on market conduct requirements under the Markets in Crypto-Assets Regulation, outlining supervisory expectations and compliance considerations. Key areas included conflict of interest management, client best interest, marketing communications, and governance standards. The MFSA emphasized the importance of transparent disclosures and effective compliance functions.
Policy & regulationGuidance & interpretationCompliance
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2025-06-20•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission’s Party committee held an expanded meeting to study Xi Jinping’s financial discourse and practical experience in Fujian, aiming to integrate this with existing financial directives into supervisory priorities. Chaired by Li Yunze, the meeting emphasized aligning financial supervision with domestic and international changes, focusing on risk prevention, regulation, and supporting economic recovery and high-quality development.
Policy & regulationGuidance & interpretationOther
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2025-06-20•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration has introduced new "Measures for Market Risk Management of Commercial Banks," replacing previous guidelines to update supervisory expectations. The Measures redefine market risk, excluding interest rate risk in the banking book, and strengthen governance by clarifying roles and responsibilities. The framework includes detailed management expectations and updates on internal models and stress testing to align with current practices.
Policy & regulationRules & requirementsMarket risk and volatility
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2025-06-20•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration has revised the Measures for the Administration of Money Brokerage Companies, enhancing supervision and risk controls as the sector grows beyond six licensed brokers. Key updates include increased capital requirements, refined shareholder qualifications, and expanded permitted services, excluding equity and commodity derivatives. The measures introduce stricter governance, compliance, and operational standards, with enhanced coordination with the People’s Bank of China and other regulatory bodies.
Policy & regulationRules & requirementsLicensing framework and process
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2025-06-20•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration repealed four banking and insurance regulations to standardize the supervisory framework and enhance regulatory efficiency. The repeal, effective immediately, follows a public consultation with feedback largely incorporated. The administration plans ongoing reviews to ensure regulations align with supervisory practices and social development.
Policy & regulationRules & requirementsRegulatory burden
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2025-06-20•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission has revised rules for money brokerage companies, updating licensing and operating requirements, and expanding permitted activities across key financial markets. The framework increases registered capital requirements, adjusts shareholder criteria, and streamlines licensing procedures. It also enhances governance, risk management, and conduct supervision, with stricter operational rules and compliance standards.
Policy & regulationRules & requirementsLicensing framework and process
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2025-06-20•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration has issued the Measures for Market Risk Management of Commercial Banks, replacing previous guidance. The measures clarify market risk definitions, align with existing capital management and risk guidelines, and enhance governance by detailing responsibilities and requiring comprehensive risk management. The authority will increase supervisory guidance to aid implementation and improve banks' risk management capabilities.
Policy & regulationRules & requirementsMarket risk and volatility
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2025-06-20•Global•Financial Action Task Force
The FATF report highlights vulnerabilities in countering proliferation financing, with only 16% of jurisdictions showing high effectiveness in implementing sanctions. It identifies evasion methods like intermediaries, obscured ownership, virtual assets, and maritime exploitation, with North Korea as a major actor. The report recommends enhanced controls, public-private partnerships, and practical risk indicators to improve enforcement and reporting.
Policy & regulationGuidance & interpretationNew sanctions designations
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2025-06-20•Moldova•National Bank of Moldova
The National Bank of Moldova reported a 3.3% decrease in total new loans for May 2025, amounting to MDL 6,557.3 million, with national-currency loans comprising 78.3% of new lending. The average nominal rate on new national-currency loans decreased to 8.94%, while foreign-currency loans saw a rate drop to 5.41%. Household loans increased by 9.7%, primarily for consumption, while lending to legal entities declined in both national and foreign currencies.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-06-20•Moldova•National Bank of Moldova
The National Bank of Moldova reported banking-system statistics for January–May 2025, revealing cash withdrawals of MDL 72,699.1 million exceeded cash receipts of MDL 70,837.7 million by MDL 1,861.4 million. Cash receipts increased by 4.0%, driven by consumer goods sales and higher inflows to individuals' accounts, while cash withdrawals rose by 5.5%, primarily due to foreign currency purchases and ATM withdrawals.
Data & statisticsCurrency and cash management
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2025-06-20•Moldova•National Bank of Moldova
The National Bank of Moldova released a video on the Basel III framework, highlighting its role in aligning Moldova's banking supervision with European standards amid EU integration efforts. Governor Anca Dragu emphasized Basel III's importance in ensuring banks maintain adequate capital reserves and manage risks to protect household savings. This video is part of a broader series aimed at harmonizing national legislation with European norms.
Policy & regulationGuidance & interpretationCapital adequacyPrudential risks
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2025-06-20•Moldova•National Bank of Moldova
The National Bank of Moldova reported an 8.5% decline in new term deposits for May 2025, totaling MDL 4,063.8m, with a notable shift towards Moldovan leu deposits, which rose 27.9% to MDL 3,189.3m. Average nominal rates increased to 5.17% for leu deposits and 1.35% for foreign-currency deposits. Household deposits grew 3.3% month on month, while corporate deposits saw a significant rise in leu and a sharp fall in foreign currency.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-20•Moldova•National Bank of Moldova
The National Bank of Moldova released May 2025 foreign exchange market data, showing a decrease in net foreign currency supply from individuals covering economic agents' demand to 86.4%, down from 91.8% in April. Net foreign currency supply from individuals fell to EUR 261.8 million, while sales to legal entities eased to EUR 303.0 million, reducing the coverage ratio by 5.4 percentage points. The leu weakened 0.1% against the euro, with the euro accounting for 71.7% of individuals' net supply.
Data & statisticsBalance of payments and other external statistics
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2025-06-20•South Korea•Bank of Korea
The Bank of Korea released the preliminary Producer Price Index for May 2025, showing a 0.4% month-on-month decrease and a 0.3% year-on-year increase. Agricultural, forestry, and marine products fell 4.4% month on month, manufacturing products and utilities both declined 0.6%, while services rose 0.2%.
Data & statisticsEconomic data and developments
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2025-06-20•South Korea•Bank of Korea
The Bank of Korea published preliminary 2024 balance of payments statistics by region, including current account data. Further details are available in the accompanying attachments.
Data & statisticsBalance of payments and other external statistics
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2025-06-20•Moldova•National Bank of Moldova
The National Bank of Moldova released May 2025 statistics on the domestic cash foreign exchange market, showing a total turnover of EUR 423.4 million, with the euro comprising 72% of transactions. Euro transactions amounted to EUR 306.7 million, while US dollar transactions were EUR 66.5 million. Total turnover rose 4.7% from the previous month and 26.1% from May 2024.
Data & statisticsCurrency and cash management
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2025-06-20•Moldova•National Bank of Moldova
The National Bank of Moldova's May 2025 dataset on licensed banks' foreign currency assets and liabilities shows MDL 50.57bn in assets and MDL 50.08bn in liabilities. The aggregate open foreign exchange position had long positions of MDL 584.3m, mainly in euros and US dollars, and short positions of MDL 94.6m. Open-position ratios relative to total regulatory capital were 2.00% long in euros and 0.58% long in US dollars, with short positions of -0.13% in euros and -0.28% in US dollars.
Data & statisticsBalance of payments and other external statistics
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2025-06-20•Moldova•National Bank of Moldova
The National Bank of Moldova reported First Deputy Governor Petru Rotaru's participation in the "PROTECTOR – Safe Business" conference, highlighting efforts to enhance financial security and implement international restrictive measures. Rotaru emphasized the central bank's role in supervising compliance, noting Moldova's alignment with EU sanctions increased to 91% in 2024. A recent MONEYVAL report recognized significant progress in combating money laundering and terrorist financing.
SupervisionCooperationAML and CFTDomestic cooperation
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2025-06-20•United States•The White House
The President signed into law two joint resolutions disapproving rules from the Office of the Comptroller of the Currency on Bank Merger Act applications and the Environmental Protection Agency on reclassification of major sources under the Clean Air Act.
Policy & regulationRules & requirementsOther
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2025-06-20•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission has authorized BNP Paribas Taipei Branch to offer financial products to high-asset customers, raising approved banks to 17. Approval was based on the branch's plans for talent development, product research, risk management, and its Certified Private Banker Program. The commission aims to develop wealth management by easing restrictions and encouraging investment in professional capabilities and systems.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-20•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority has initiated a feedback process on draft principles for climate transition planning, developed by the UAE Sustainable Finance Working Group. These principles address governance, risk management, metrics, data and customer engagement, reporting, and implementation. The Working Group includes key UAE financial and environmental authorities and has previously issued sustainable finance documents.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-06-19•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission approved the prospectus for Key Trading AD's BGN 30 million bond issue for regulated market trading and registered the issuer and securities. The bonds, with a floating coupon tied to EURIBOR, have a maturity date of December 16, 2031. Additionally, the Commission approved senior governance appointments at Debitum Invest REIT and Deltastock.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-19•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced its deputy chair, Annemie Rombouts, as chair of the European Securities and Markets Authority’s Issuer Standing Committee. The committee handles policy on issuer information, including financial and sustainability reporting, the prospectus regime, and corporate governance. FSMA chair Jean-Paul Servais emphasized balancing investor protection with corporate compliance.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-19•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority confirmed that Sharaka Capital Company has fulfilled the commencement-of-business requirements for advising in the securities business, under a licence approved on 06 April 2025, in accordance with the Capital Market Law and its Implementing Regulations.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-19•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia reported positive disbursement trends in prioritized sectors under the "Credit Pact," but noted lagging lending to the "popular economy" segment. Financial Superintendent César Ferrari met with financial sector leaders to discuss strategies for expanding credit access, including associative lending. Participants included senior representatives from major banks and the Colombian Banking Association.
SupervisionCooperationLending
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2025-06-19•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro and the Ministry of Social Welfare launched an initiative to enhance financial inclusion for vulnerable groups by improving access to basic payment accounts. Despite 85% of Montenegrins having a basic bank account, only 1,452 out of 150,000 social welfare beneficiaries hold one. The initiative aims to bridge this gap and support Montenegro's integration into the Single Euro Payments Area.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
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2025-06-19•Israel•Bank of Israel
The Bank of Israel released updated indicators of expected inflation, showing one-year expectations at 1.9% from the capital market, 2.5% from forecasters, and 2.0% from both large banks’ internal rates and inflation contracts. The data, covering 2020–2024 annually and monthly through May 2025, highlights breakeven inflation and potential biases, with the Bank noting greater-than-usual biases in January 2024.
Data & statistics
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2025-06-19•Israel•Bank of Israel
The Bank of Israel's Banking Supervision Department issued a temporary order providing regulatory adjustments and leniencies to offer banks and credit card companies more business flexibility during Operation Rising Lion, aimed at supporting customers affected by the state of war. The order will be updated as necessary, with further regulatory leniencies under consideration.
SupervisionInterventionsSupervision process and methodologies
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2025-06-19•Europe•European Securities and Markets Authority
The European Securities and Markets Authority released its final report on draft Regulatory Technical Standards for complying with the active account requirement under EMIR 3. The standards guide EU market participants on maintaining active accounts at EU central counterparties for certain derivatives, aiming to reduce exposure to Tier 2 third-country central counterparties. The draft simplifies operational conditions, stress-testing, and reporting requirements, and will be submitted to the European Commission for endorsement.
Policy & regulationRules & requirementsCCPs
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2025-06-19•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) has initiated a consultation on the methodology for calculating market capitalisation and ratios under the FASTER Directive. This will determine which EU Member States are subject to withholding tax relief requirements based on their market capitalisation exceeding 1.5% of total EU market capitalisation for four consecutive years. The approach aligns with existing transparency frameworks and relies on transaction data reported under MiFIR.
Policy & regulationRules & requirementsRegulatory reporting
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2025-06-19•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority released a follow-up review on the financing of renewable energy by major Danish banks and mortgage credit institutions. The review emphasizes the need for careful credit risk management as renewable energy lending grows, with a focus on electricity price forecasts and stress levels. It also addresses fixed-price agreements, borrower equity funding, and district heating financing requirements.
SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
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2025-06-19•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority's report on financial institutions' compliance with integrating investors' sustainability preferences highlights challenges due to complex concepts and varying approaches. Clear, unbiased communication is needed for banks, mortgage credit institutions, and investment firms under Danish and EU regulations.
SupervisionReviews, inspections & stress testsClimate risk and sustainable finance
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2025-06-19•Chile•Ministry of Finance (Chile)
Chile's Ministry of Finance has nominated Rosario Celedón Förster to the Senate for a six-year term on the governing council of the Autonomous Pension Protection Fund (FAPP). Celedón, with a background in the Central Bank of Chile and the Financial Market Commission, is proposed following Soledad Hormazábal's ineligibility. The Senate will decide on the nomination by simple majority, with no impact on the FAPP's implementation deadlines.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-19•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority settled with Miller Europe BV, mandating a EUR 500,000 payment and public disclosure of the firm's name on the FSMA website.
EnforcementInvestigations & enforcement actionsOther
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2025-06-19•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority reported to the Attorney General an alleged offence under Article 127 of Law No. 7 of 2010, involving non-compliance with a Disciplinary Board decision mandating a fine payment. The individuals involved include members of the Internal Audit and Risk Committees of a Boursa Kuwait-listed company. The report highlights failure to implement the decision despite a valid notification issued on 16 April 2025.
EnforcementInvestigations & enforcement actionsWhistleblowing
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2025-06-19•France•France Autorite des marches financiers
The French Financial Markets Authority (AMF) found that asset management companies' internal exams are less rigorous than AMF-certified exams. Inspections showed inconsistencies in knowledge verification, competence evaluation, and shortcomings in anti-money laundering and counter-terrorist financing training. Updated AMF guidance, effective 1 January 2026, aims to align internal exams with external standards.
Policy & regulationGuidance & interpretationSupervision process and methodologies
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2025-06-19•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) issued three infringement notices to Equity Trustees Limited for allegedly misleading statements about the Artesian Green and Sustainable Bond Fund's investments. The fund claimed investments in green, sustainable, and social corporate bonds, but ASIC found significant exposure to government and supranational bonds. Equity Trustees paid AUD 56,340 to comply with the notices, published on the Credit and ASIC Act infringement notices register. Payment does not constitute an admission of guilt or liability.
EnforcementInvestigations & enforcement actionsDisclosuresCorporate governance
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2025-06-19•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority reported that insurance sector stakeholders participated in a five-kilometre "Bima Walk" in Arusha to promote insurance usage ahead of Tanzania Insurance Day. The event, attended by Arusha District Commissioner Joseph Mkude and Chief Secretary Engineer Zena Said, aimed to boost insurance uptake in the region.
Financial literacy & educationOther
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2025-06-19•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market (NSSMC) met with the EU Delegation to Ukraine to align Ukrainian financial market legislation with European standards. Discussions included institutional changes under Law No. 3585-IX and technical assistance for regulatory harmonization. NSSMC also updated on applications to join the International Organization of Securities Commissions (IOSCO) Multilateral Memorandum of Understanding, aiming to boost market surveillance and investor protection.
Policy & regulationCooperationCapacity buildingDomestic cooperation
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2025-06-19•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market (NSSMC) reported progress in implementing electronic financial reporting in XBRL format under the EU FAAR project, supported by the EU Delegation to Ukraine. Key developments include creating the Ukrainian Taxonomy UA IFRS XBRL, launching the Financial Reporting Collection Center, and providing free iXBRL Report software. The NSSMC plans a full transition to XBRL reporting by 2026.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
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2025-06-19•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market's 2024 report outlines regulatory actions under martial law to maintain capital market functionality and align with European standards. Key developments include adopting Law No. 3585-IX for EU law harmonization, a cooperation memorandum with Germany's BaFin, and Law No. 3586-IX introducing agricultural notes. The report also covers draft law No. 10225 on virtual assets regulation and identifies 384 fraudulent investment projects.
Policy & regulationRules & requirements
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2025-06-19•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank (SAMA) has updated rules for credit card issuance and operation, focusing on improved disclosure, transparency, and reduced consumer costs. The guidelines aim to enhance financial awareness and foster innovation in the financial sector. Additionally, SAMA is collaborating with international card schemes to revise transaction fees, supporting digital payment advancements aligned with Saudi Vision 2030.
Policy & regulationRules & requirementsDisclosures
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2025-06-19•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank (DNB) released a survey indicating strong public support for maintaining cash payment options in the Netherlands, despite declining usage. The survey found 92% of respondents view cash payments as socially important, with 74% considering it personally important. Additionally, 59% of respondents keep emergency cash at home, aligning with the National Forum on the Payment System's recommendations.
ResearchPayments and payment systems
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2025-06-19•Netherlands•De Nederlandsche Bank
Olaf Sleijpen of De Nederlandsche Bank stressed the importance of central clearing counterparties (CCPs) for financial stability at CCP Global’s meeting. He called for global cooperation and industry initiatives to enhance CCP robustness and transparency. Priorities include anti-cyclical initial margin approaches, addressing non-default losses, and implementing Financial Stability Board recommendations. Sleijpen also noted emerging risks like digitalisation and geo-economic fragmentation, urging best-practice development and transparency.
Policy & regulationGuidance & interpretationCCPs
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2025-06-19•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank fined ABN AMRO Bank N.V. EUR 15 million for violating the statutory bonus ban applicable to banks receiving Dutch state aid. The breach involved bonuses awarded to second-tier management from 2016 to 2024, totaling over EUR 1.5 million, despite the prohibition. ABN AMRO has since ceased paying bonuses to these officials following supervisory intervention.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-06-19•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank (DNB) has instructed ABiLiTieS Trust B.V. and The Netherlands Trust Services B.V. to address deficiencies in their systematic integrity risk analysis (SIRA) and customer due diligence under the Act on the Supervision of Trust Offices (Wtt 2018). The examination revealed inadequate risk capture and mitigation in SIRA and customer due diligence shortcomings, including integrity risk profiling and asset origin identification. The firms must comply with Wtt 2018 requirements by 31 March 2025.
SupervisionInterventionsKYC
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2025-06-19•Europe•Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)
The Council of Europe’s MONEYVAL upgraded Moldova's compliance on three FATF recommendations from partially to largely compliant, removing it from the fifth-round follow-up process. The upgrades pertain to customer due diligence and transparency measures, though some areas remain partially compliant. Moldova is now rated compliant on nine FATF recommendations, largely compliant on 28, and partially compliant on three.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2025-06-19•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) revoked PT Sarana Sulteng Ventura’s business licence for failing to meet the minimum equity requirement, following a prior business activity freeze. The revocation, based on OJK Regulations No. 35/POJK.05/2015 and No. 25/2023, prohibits the firm from conducting venture capital activities and mandates a general meeting of shareholders to decide on dissolution and liquidation procedures. The company must cease using "ventura" or "ventura syariah" in its name.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-06-19•Nigeria•Nigeria Securities & Exchange Commission
The Nigeria Securities and Exchange Commission issued an alert against Sapphire Scents Limited for promoting an unregistered investment scheme and falsely presenting itself as an investment adviser and fund manager. The Commission warned the public to avoid engaging with the company and advised verifying the status of investment entities through its verification portal.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-06-19•Georgia•National Bank of Georgia
The National Bank of Georgia has established a regulatory framework for non-cash currency exchange operations, detailing registration and licensing requirements for currency exchange points. Existing cash-only exchange points remain unaffected unless they seek to add non-cash services, in which case they must comply with the new regulations.
Policy & regulationRules & requirementsPayments and payment systems
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2025-06-19•Georgia•National Bank of Georgia
The National Bank of Georgia hosted a delegation from the Central Bank of Armenia for a two-day visit focused on technical exchanges in financial stability and supervision. Discussions included the National Bank of Georgia’s bank resolution framework and Armenia's resolution practices. Additionally, corporate governance regulatory frameworks and supervisory practices were discussed within the context of an International Monetary Fund mission.
Policy & regulationCooperationCross-border cooperation
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2025-06-19•Georgia•Insurance State Supervision Service of Georgia
David Onoprishvili, head of the Insurance State Supervision Service of Georgia, attended the IAIS Executive Committee strategic meeting in Zurich, focusing on the 2025–2026 strategic directions and action plan. Key topics included transitioning to a risk-based solvency model, AI regulation, the Insurance Capital Standard, and climate risk impacts. Governance changes to enhance IAIS effectiveness for 2025–2029 were also discussed.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-06-19•China•Central Bank of the Republic of China
The People's Bank of China hosted the Executives' Meeting of East Asia-Pacific Central Banks (EMEAP) in Hangzhou, covering economic and financial conditions, monetary policy, and AI's impact on financial stability. Deputy Governor Xuan Changneng emphasized the need for EMEAP economies to enhance coordination and support a rules-based global trading system. The meetings also reviewed EMEAP working group progress and discussed potential reforms.
Policy & regulationCooperationCross-border cooperationFinancial stability and systemic risk
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2025-06-19•Latvia•Ministry of Finance (Latvia)
Latvia's Ministry of Finance outlined its positions for the upcoming Eurogroup and ECOFIN meetings, focusing on Bulgaria's euro area accession, the digital euro, and EU Customs Union reform. Key discussions include Bulgaria's convergence report, the IMF's Article IV report on euro area policies, and progress on the digital euro's legal framework. At ECOFIN, Latvia emphasized priorities such as centralized data governance and a balanced e-commerce regime in the Customs Union reform, advocating for swift trilogue negotiations with the European Parliament.
Policy & regulationReform agendas & prioritiesCross-border cooperation
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2025-06-19•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) issued three infringement notices to Equity Trustees Limited for allegedly misleading statements about the Artesian Green and Sustainable Bond Fund's investments. The fund claimed investments in green, sustainable, and social corporate bonds, but ASIC alleged significant exposure to government and supranational bonds, contrary to its strategy. Equity Trustees paid AUD 56,340 to comply with the notices, published on the Credit and ASIC Act infringement notices register. Payment does not constitute an admission of guilt or liability.
EnforcementInvestigations & enforcement actionsDisclosuresCorporate governance
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2025-06-19•Ukraine•National Bank of Ukraine
The National Bank of Ukraine released opening remarks by Governor Andriy Pyshnyy for the 9th Annual Research Conference on "Economic and Financial Integration in a Stormy and Fragmenting World," titled "Ukraine is the answer, not the question."
ResearchMonetary policy decisions and developments
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2025-06-19•Greece•Ministry of National Economy and Finance (Greece)
Greece’s Minister of National Economy and Finance, Kyriakos Pierrakakis, will attend Eurogroup and ECOFIN meetings in Luxembourg. The Eurogroup will discuss the euro area outlook, fiscal developments, and digital euro preparations, while ECOFIN will address EU Customs Union progress, energy cost reduction, European defence financing, and the economic impact of Russia's aggression against Ukraine. Pierrakakis will also join meetings of the European Stability Mechanism and the European Investment Bank.
Policy & regulationCooperationMonetary policy decisions and developments
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2025-06-19•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) clarified that self-managed super funds (SMSFs) are retail clients unless they have at least AUD 10 million in assets, affecting complaint considerations. AFCA noted that SMSF trustees' personal wealth or sophistication doesn't change this classification, citing the Corporations Act and a case where compensation was adjusted for sophistication despite an incorrect wholesale classification.
Policy & regulationGuidance & interpretationComplaints and dispute resolution
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2025-06-19•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong's Financial Services and the Treasury Bureau signed an Action Plan with Shanghai to enhance collaboration, focusing on building a "dual hub" and supporting renminbi internationalisation. The plan includes strengthening cooperation between Shanghai Clearing House and Hong Kong banks, encouraging Mainland banks to establish regional headquarters in Hong Kong, and linking Hong Kong's Faster Payment System with the Mainland's Internet Banking Payment System. Hong Kong also aims to expand mutual market access, develop its offshore renminbi market, and engage the industry on wholesale central bank digital currencies.
Policy & regulationCooperationCross-border cooperation
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2025-06-19•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission has banned Law Man Wai, a former representative of Cinda International Securities Limited, from the industry for three years due to personal trading misconduct. Law used accounts held by his sister and a friend to execute 109 matched or wash trades, concealing his interests and breaching the firm's policies. The SFC cited his actions as dishonest, raising concerns about his fitness and properness, despite no evidence of manipulative intent.
EnforcementSanctions & designations
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2025-06-19•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) has suspended Mr. Pun Hong Hai, former CEO and manager-in-charge of Freeman Commodities Limited, for 10 months due to supervisory failures. Pun failed to ensure appropriate conduct standards and risk management, particularly concerning client order systems and monitoring suspicious activities. This action is part of an ongoing SFC disciplinary process involving a related entity.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-06-19•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has finalized changes to the treatment of Higher Education Loan Program debt repayments by authorized deposit-taking institutions in home loan assessments, releasing a response letter, revised reporting standard, and prudential practice guide.
Policy & regulationRules & requirementsLending
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2025-06-19•France•Bank of France
The Bank of France and the Prudential Supervision and Resolution Authority released their second Sustainability Report, detailing 2024 climate and responsible investment actions, including a 32% reduction in greenhouse gas emissions since 2019. The report aligns climate actions with core missions and expands disclosures on nature impacts, climate awareness, and research focus. It outlines responsible investment strategies, such as extending a 1.5°C target to corporate bonds by 2026 and implementing fossil-fuel exclusions in line with the Paris Agreement.
Policy & regulationOtherClimate risk and sustainable finance
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2025-06-19•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, phishing emails, and fake internet banking screens linked to Chong Hing Bank, HSBC, and Bank of Singapore. The HKMA emphasized that banks will not request sensitive information via SMS, email, or embedded links. Affected individuals should contact their bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-06-19•Global•International Association of Insurance Supervisors
The International Association of Insurance Supervisors has launched a public consultation on reviewing the Individual Insurer Monitoring assessment methodology used in the Global Monitoring Exercise under the Holistic Framework. This aims to inform the next three-year application cycle (2026–2028) and update the Global Monitoring Exercise document. The methodology assesses systemic risk at the insurer level and is reviewed triennially to incorporate sector developments and advances in measuring systemic importance.
Policy & regulationInternational standards & recommendationsFinancial stability and systemic risk
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2025-06-19•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority warns of a fraudulent entity impersonating FIM Capital Limited under Section 30 of the Financial Services Act 2008. The scam uses genuine staff details and misleading links, with recent contact attempts via Telegram. The Authority advises verifying communications through FIM Capital's legitimate website and reporting interactions to law enforcement.
SupervisionAlertsFraud and scams
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2025-06-19•United Kingdom•UK Parliament
The UK Parliament's House of Lords has completed the committee stage of the Public Authorities Fraud Error and Recovery Bill, which aims to enhance fraud prevention and recovery of erroneous payments by public authorities. Amendments addressed overpayment recovery, financial exclusion impacts, and fair process safeguards. The report stage for further amendments is yet to be scheduled.
Policy & regulationRules & requirementsFraud and scams
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2025-06-19•India•Reserve Bank of India
The Reserve Bank of India issued the Reserve Bank of India (Project Finance) Directions, 2025, creating a harmonised prudential framework for financing projects. The Directions apply to financial entities and set requirements for financial closure documentation, repayment tenor limits, and lender exposure floors. They introduce revised provisioning and stress resolution measures, including conditions for extending the date of commencement of commercial operations (DCCO) and reporting to the Central Repository of Information on Large Credit (CRILC).
Policy & regulationRules & requirementsLending
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2025-06-19•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission co-organised the “We All Pride Chonburi 2025” event to promote insurance literacy and equal access for the LGBTQIAN+ community. The event highlighted expanded insurance rights, including the ability for same-sex spouses to name partners as policy beneficiaries. A panel discussion on equal rights in insurance featured representatives from the Thai Life Insurance Agents and Financial Advisors Association.
Financial literacy & educationDiversity and inclusion