Angola's Ministry of Finance has set out the country's priorities for the World Bank and IMF Annual Meetings, including development financing, private capital, infrastructure and human capital. The delegation will seek closer cooperation, investment and funding opportunities while presenting Angola's economic developments and national priorities.
The Croatian Financial Services Supervisory Agency reprimanded Čateks for failures involving inside information and insider lists, and ordered Generali Osiguranje to improve comprehensive motor claims handling and controls. It also approved three Inspire Investments hedge funds, authorized changes to Erste funds and revoked an earlier approval for a UniCredit Invest target maturity subfund.
The National Bank of Ukraine reported that annual inflation accelerated to 10% in September 2026, above its July forecast, as Russian attacks disrupted production and logistics and fuel prices rose. Fuel inflation reached 46.2% and core inflation increased to 8.8%. The bank will incorporate the heightened pressures into its revised macroeconomic forecast on Oct. 29.
The European Financial Reporting Advisory Group is seeking a contractor to build a multilingual digital learning platform for the revised ESRS, the Voluntary Standard and related frameworks. Optional capabilities would support a future professional certification program, while preserving EFRAG’s control and operational independence. The project is expected to start in January 2027 and deliver a fully operational platform by mid-June 2027.
In an interview published by the European Association of CCP Clearing Houses, Hellenic Capital Market Commission Chair Vassiliki Lazarakou forecast faster, more integrated and technology-driven clearing over the next decade. Distributed ledgers, tokenization and artificial intelligence could enable near-real-time processes and more predictive risk management, while increasing the need for strong governance, legal certainty and cyber resilience.
The Central Bank of Venezuela and banking sector representatives reviewed technical coordination on monetary policy transmission, confidence in the national currency and foreign exchange market operations. They also discussed technology platform upgrades intended to maintain the financial system’s operation and continuity.
The United Nations Environment Programme Finance Initiative has compared how China and the EU integrate nature-related factors into banking regulation, corporate frameworks and environmental policy. Prudential measures remain at an earlier stage than climate regulation but are expanding across governance, risk management, supervisory review and disclosure. The brief identifies opportunities for greater coordination and comparability across jurisdictions.
Belgium's Financial Services and Markets Authority warned that Neura-L falsely claims FSMA registration, lacks authorization to provide financial services in or from Belgium and appears to operate a fraudulent trading platform. Investors should reject its offers, cease contact and verify providers through the FSMA's authorization checker.
The OECD has mapped government policies for securing AI compute and calls for national needs assessments to guide investment. Of the jurisdictions reviewed, 21 treat compute as a dedicated pillar of their AI strategies, while only Canada and the United Kingdom have standalone national compute strategies. The OECD says countries should tailor domestic capacity and cross-border access arrangements to their economic, security and resilience needs.
Latvia's merchandise exports rose 10.9% to EUR 1.75 billion in August, with growth across mineral products and several manufacturing categories. Imports climbed 16.2% to EUR 2.09 billion, widening the trade deficit to EUR 342.6 million. The Ministry of Finance sees a cautiously positive export outlook but flags energy, re-export, geopolitical and transport risks.
Mexico’s National Commission for the Protection and Defense of Financial Services Users handled 3,213 complaints in Chiapas from January through August 2026, down 0.6% year over year, and recovered MXN 23.5 million for users in completed cases. Multiple banking institutions accounted for 58.4% of complaints, while 29.3% of all cases involved possible fraud.
Sveriges Riksbank First Deputy Governor Aino Bunge warned that debt financed AI investment, complex funding structures and AI driven cyberattacks could transmit stress through financial markets. She also reiterated that stronger Swedish activity and elevated inflation pressures would probably justify a policy rate rise before the end of 2026, while emphasizing uncertainty over the scale of tightening.
The Bank of France hosted a central bank delegation to compare practices in management control, cost accounting and performance monitoring. Discussions focused on cost analysis, resource allocation, governance and performance indicators.
A Bank for International Settlements working paper finds that AI automation could shrink consumption’s share of output and weaken the consumer rents that support further innovation. Its calibrated demand bottleneck scenario produces a brief acceleration before growth falls below the pre-AI rate of 2%, while the most optimistic scenario reaches 5.5% after two decades. The divergent paths imply substantial uncertainty for the natural rate of interest.
The Central Bank of the Dominican Republic has published a comprehensive overhaul of financial products and services user protection rules, following the initiative’s public consultation in 2025. The framework covers customer treatment throughout the product lifecycle, transparency, financial education, privacy and data protection, market conduct supervision, and sanctions for noncompliance.
The Central Bank of Iraq denied a report that it returned IQD 600 billion after requiring foreign transfers to use an exchange rate of IQD 1,520 per dollar. Transfer requests submitted before October 7, 2026, are being processed at the old rate without additional costs, while electronic payment cards continue to use the approved official rate.
Islamic Development Bank Group Chairman Muhammad Al Jasser and IMF Managing Director Kristalina Georgieva discussed expanding cooperation on Islamic finance, financial stability and capacity development. Their agenda included a forthcoming joint report on Islamic banking and financial stability, as well as closer analysis of economic issues affecting Islamic Development Bank member countries.
The Islamic Development Bank Group and Chad discussed potential cooperation under their recently finalized Country Engagement Framework, including concessional and blended financing for priority development projects. The talks covered infrastructure, agriculture, energy and human development, alongside private sector, trade, investment and Islamic finance opportunities.
The Islamic Development Bank and Benin signed co-financing agreements under which the bank will provide EUR 326.06 million for road and agricultural projects. The financing comprises EUR 306.89 million for the Godomey-Ouidah-Hillacondji road and EUR 19.17 million for sustainable legume-based farming across five development poles.
The International Financial Services Centres Authority has formed a standing expert group on credit information companies in the GIFT International Financial Services Centre. It will recommend standardized reporting and error-correction processes and address operational issues including onboarding, submission frequency and reconciliation.
The Central Bank of the UAE will hold its annual banks reception in Bangkok on Oct. 15 alongside the IMF and World Bank Group Annual Meetings, convening international financial leaders to strengthen cross-border cooperation and partnerships.
Thailand's Ministry of Finance will host two high level panels during the 2026 IMF–World Bank Annual Meetings in Bangkok. The discussions will cover economic resilience amid geopolitical fragmentation and the mobilization of finance for the green transition and climate adaptation.
Dinesh Pant has joined the Insurance Regulatory and Development Authority of India as Whole-time Member (Actuary).
China Securities Regulatory Commission Chair Wu Qing met Mubadala CEO Khaldoon Khalifa Al Mubarak to discuss stronger China-UAE capital markets cooperation and increased investment in China.
The Hong Kong Securities and Futures Commission will adopt enhanced tools for IPO and post-listing intervention following its March 2025 consultation. The changes include continuing and post-listing conditions, streamlined resumption procedures and independent merits review of key decisions. Subject to the legislative process, the amended rules are expected to take effect in the first quarter of 2027.
National Bank of Georgia President Natia Turnava and Finance Minister Lasha Khutsishvili discussed inflation risks and economic buffers with IMF Deputy Managing Director Bo Li. Georgia attributed the deviation from its inflation target largely to energy price shocks linked to Middle East tensions and said future monetary policy decisions would depend on geopolitical developments. The parties also discussed a future framework for IMF cooperation.
Uzbekistan's Ministry of Economy and Finance has expanded its public interest entity register from 425 to 449 organizations by adding 24 entities. Seventeen existing registrants that no longer meet the criteria will remain listed for two years. Entities added in 2026 must begin IFRS accounting on Jan. 1, 2027, and publish IFRS financial statements with audit opinions by the end of 2028, unless an earlier deadline applies.
The French Financial Markets Authority reported that financial investment advisers increased 9.7% to 7,694 in 2025, while advice revenue rose 10.9% to EUR 1.01 billion. Market concentration increased, and 84% of respondents provided exclusively non-independent advice. Anti-money laundering reporting improved, but no adviser had applied for the authorization required since July 1, 2026, to provide crypto-asset advice.
National Bank of the Republic of Tajikistan Governor Firdavs Nazrimad Tolibzoda is attending the IMF and World Bank Group Annual Meetings in Bangkok from Oct. 12 to 18, 2026. Discussions will cover the global economy, financial stability and banking-sector cooperation.
The National Bank of Serbia reported annual inflation of 4.1% in September, in line with expectations, while core inflation was 4.9%. Monthly inflation of 0.2% was driven by food and petroleum product prices, with annual energy inflation reaching 11.6%.
Egypt recorded an overall balance of payments surplus of about USD 2.8 billion in fiscal 2025/26, with net capital and financial account inflows of about USD 23.2 billion and a current account deficit of about USD 22.5 billion.
The National Bank of Ukraine and the International Finance Corporation have agreed to cooperate on digital finance development through 2029. The work will cover the regulatory sandbox, open banking, an Innovation Hub, instant payments, institutional digital resilience and financial literacy.
The National Bank of Serbia reported that insurance premiums rose 6.9% year on year to RSD 104.3 billion at end-Q2 2026, while sector assets increased 3.4% to RSD 455.7 billion. Capital adequacy ratios exceeded 200%, technical provisions were fully invested in prescribed assets and liquidity remained sufficient. Further regulatory reform is planned through a new Insurance Law aligning Serbia with Solvency II and the Insurance Distribution Directive.
The Portuguese Insurance and Pension Funds Supervisory Authority will present a book on the evolution and regulatory framework of compulsory motor liability insurance on Oct. 16.
Central Bank of Cyprus Governor Christodoulos Patsalides said the central bank is considering a systemic risk buffer, with a decision due in early November. He forecast 2026 growth of around 3% and inflation of 3.3%, while urging fiscal restraint after inflation reached 5.2% in September. Existing macroprudential buffers account for EUR 230 million and EUR 440 million in capital requirements.
A Bank of Italy study finds that experience and STEM education were positively associated with evaluation scores for projects submitted to Milano Hub's first three calls for proposals. Applicants were predominantly experienced professionals, while women represented only 15% of individuals. The paper suggests changes to attract projects at different development stages and a more diverse applicant pool.
The Bank of Italy will open 13 buildings during the national “è cultura!” festival from Oct. 16 to 24, with a particular focus on its library heritage. Admission is free and available by reservation, with schedules varying by location.
The Slovenia Insurance Supervision Agency is seeking bids for a used Volkswagen Passat official vehicle first registered in March 2016. The starting price is EUR 8,000 including value added tax, with the buyer responsible for other sale related charges and costs.
Ghana’s Finance Minister Cassiel Ato Forson is leading the country’s delegation to the 2026 International Monetary Fund and World Bank Group annual meetings in Bangkok. The engagements come as the government prepares a New Economy blueprint, to be detailed in the 2027 Budget, for moving from post-crisis stabilization toward sustained growth and development.
The Egypt Financial Regulatory Authority has required nonbank finance companies and entities to submit previous-month activity data within the first 15 days of each month after checking its accuracy and completeness. The platform is open from Oct. 12 to Oct. 29, 2026, for entities to complete or correct data submitted since Jan. 1, 2026.
The Helsinki Administrative Court has overturned the Finnish Financial Supervisory Authority’s EUR 1 million combined penalty against Alexandria Group Plc. The decision is not yet legally binding, and the authority may seek leave to appeal to the Supreme Administrative Court.
The Russian Ministry of Finance reported that OPEC+ ministers reaffirmed their June 7, 2026, oil market decisions and agreed to continue consultations through existing mechanisms. Participants warned that maritime disruptions have driven freight and insurance costs above one-third of cargo values, complicating energy transport and adding to global inflation.
The European Financial Reporting Advisory Group’s August and September update reviews the European Commission’s adoption of the revised ESRS and the Voluntary Sustainability Reporting Standard. It also covers draft ESRS datapoints and an XBRL taxonomy, alongside consultations on risk mitigation accounting and the ESRS-40a cost-benefit analysis.
In an interview published by the European Association of CCP Clearing Houses, Hellenic Capital Market Commission Chair Vassiliki Lazarakou forecast faster, more integrated clearing supported by distributed ledgers, tokenization and artificial intelligence. Near-real-time processing and predictive risk management will require stronger governance, legal certainty, cyber resilience and common standards.
The Organisation for Economic Co-operation and Development has developed a machine learning and EUROMOD framework to nowcast EU disposable income inequality and poverty, addressing the 12 to 18 month publication lag. Regularized models substantially outperformed ordinary least squares benchmarks and can support analysis of prospective tax and benefit reforms. A labour market adjustment improved poverty forecasts, though short data histories and fixed income deciles limit the results.
The Oman Financial Services Authority revoked Thara Global Business LLC’s securities licence and removed it from the sector register for failing to meet minimum capital and shareholders’ equity requirements. The company did not regularize its position after receiving a three-month suspension.
The Kuwait Capital Markets Authority renewed Tharwa Al Arabi Fund’s collective investment scheme license for three years from Feb. 2, 2027. The license is renewable.
The Isle of Man Financial Services Authority revoked Blackfridge SC Limited’s entire licence on Oct. 5, 2026, over persistent governance, compliance, reporting and supervisory failures. Blackfridge lacked operational staff and key compliance officers, had overdue audited accounts and failed to meet requirements imposed during its licence suspension. The authority concluded that continued licensing would pose significant regulatory risks and undermine confidence in the island’s financial services industry.
France’s ACPR and AMF identified persistent weaknesses in product governance, retail advice and conflict management across around 60 inspections conducted from 2020 to 2024. Deficiencies included poorly defined target markets, standardized or inadequately documented recommendations, weak product monitoring and remuneration structures that could favor higher-paying products. The findings relate to selected firms and risk themes rather than the market as a whole.
The European Securities and Markets Authority has issued two thematic notes on impact and climate transition claims in non-regulatory communications. Market participants should substantiate impact, distinguish investor and investee contributions, explain transition plans and report progress against clear metrics and assumptions. The notes extend earlier greenwashing guidance but create no new regulatory requirements.
The European Central Bank published its October 2026 Survey of Monetary Analysts questionnaire covering monetary policy, market and macroeconomic expectations. It seeks projections for policy rates, asset holdings, refinancing operations, growth and inflation, but does not contain aggregated survey results.
The Central Bank of Luxembourg will open its historic headquarters to the public on Oct. 17, 2026, from 10 a.m. to 5 p.m. Visitors can explore Luxembourg’s monetary and architectural heritage, including euro coin production. Entry is free without registration, but valid identification is required.
The Vietnam State Securities Commission extended the deadline for its 2026 information technology equipment procurement from October 12 to 10 a.m. on October 18. Bid opening must be completed within two hours, while all other terms remain unchanged.
Taiwan’s central bank reported that average reserve money rose by TWD 107 billion to TWD 7,686.6 billion in September 2026. Annual growth accelerated to 8.03%, while growth for the first nine months averaged 7.24%.
The National Bank of Georgia outlined a program of IMF engagement, central bank talks and investor outreach for the IMF and World Bank Annual Meetings. President Natia Turnava will address monetary policy, inflation management and dedollarization, while meetings will include a planned cooperation memorandum with the Central Bank of the United Arab Emirates.
Madagascar’s Ministry of Economy and Finance presented climate and economic recovery plans targeting green investment, priority industries and stronger growth through 2028. It also advanced World Bank discussions on policy reforms, JIRAMA’s recovery, the Volobe hydropower project and a proposed USD 220 million climate resilience plan.
The Central Bank of Cyprus has announced free financial literacy workshops for women on Nov. 10 and 11, 2026. The sessions will cover budgeting, saving and investing, debt management and retirement planning, with registration open until Oct. 27.
The Angola Ministry of Finance has set out the country’s priorities for the World Bank and IMF Annual Meetings, including development finance, private capital, infrastructure and human capital. The delegation will use high-level and technical meetings to pursue cooperation, investment and resource mobilization for Angola’s development and economic diversification.
The Hong Kong Securities and Futures Commission has approved six securities registrars from November 16, 2026, when the uncertificated securities market regime takes effect. Computershare Hong Kong Investor Services and Tricor Investor Services are the first two authorized to provide services for evidencing and transferring legal title without paper instruments. New uncertificated listings must use a registrar with this authorization, while specified existing securities must enter the regime within five years.
Central Bank of Syria Governor Safwat Raslan outlined a three-year AML/CFT strategy, organizational and regulatory reforms, and the reactivation of accounts with several foreign central banks to support Syria’s reconnection to the international financial system.
The Central Bank of Syria executed its first letter of credit in 14 years to finance petroleum imports for the Syrian Petroleum Company through formal banking channels.
The Bank of Italy will attend G7, G20, Development Committee and International Monetary and Financial Committee meetings alongside the World Bank Group and International Monetary Fund Annual Meetings in Bangkok from Oct. 12 to 17.
The Austrian Ministry of Finance reported 39 suspected violations following inspections of 28 hotel cleaning businesses and 128 workers across five states. Four businesses may be sham companies, while officers garnished about EUR 323,000 for tax debts and arrested one person believed to be residing illegally in Austria. Investigations remain ongoing.
The Financial Stability Board has identified cross-border regulatory, liquidity, operational and insolvency vulnerabilities in global stablecoin arrangements. Monitoring remains limited by pseudonymous activity, weak geographic attribution and inconsistent private data sources. The FSB outlined priorities for common metrics, stronger information sharing and cooperation, and planning for stablecoin distress or failure.
Ireland’s Department of Finance announced that Minister of State Frank Feighan will attend the IMF and World Bank Annual Meetings in Bangkok from Oct. 13-16. He will represent the EU at the G20 meeting of finance ministers and central bank governors and participate in sessions on climate finance, Ukraine, financial crime and development.
The European Banking Authority has finalized prudential standards for banking CSDs and designated credit institutions providing banking-type ancillary services to other CSDs. The rules extend credit, liquidity and concentration risk controls to these arrangements and require supervisory notification, while avoiding separate reporting and permitting a single cash account in relevant cases. The draft standards will now go to the European Commission for endorsement.
The South Korea Financial Services Commission and Standard Chartered discussed emerging technology risks and agreed on the need for safe and responsible AI adoption in finance. They also reviewed South Korea’s global financial hub strategy, with the commission pledging further regulatory and operating improvements under its 2026–2028 plan.
The South Korea Financial Services Commission and Financial Supervisory Service introduced conditional bad debt recognition for smaller unsecured personal delinquent claims, generally requiring firms to allow the limitation period to expire rather than repeatedly extend it. The rules cover claims of up to KRW 50 million for banks and insurers and KRW 30 million for savings banks, specialized credit finance companies and other covered firms, with limited exceptions. They apply from fourth-quarter 2026 applications and include purchaser compliance duties and reviews of extended claims.
The Monetary Authority of Singapore will restrict public prospecting to designated areas at commercial premises and require qualified oversight of representatives. Representatives must disclose their marketing intent and obtain consumer consent before proceeding, while street canvassing and door-to-door prospecting remain prohibited. Updated guidelines will be issued in 2027, followed by a nine-month transition period.
The Financial Stability Board warned the G20 of risks from sovereign bond volatility, private credit and AI, while calling for stronger cross-border monitoring and oversight of global stablecoins. Its package also covers responsible AI adoption, regulatory and supervisory modernisation, policy implementation and gaps in public backstop funding for banks in resolution.
The Vietnam State Securities Commission awarded PKF-TTG a VND 103.9 million contract to audit its hardware replacement and application virtualization project. The state-funded, lump sum contract provides for 30 days of noncontinuous work.
The Vietnam State Securities Commission awarded PKF-TTG Audit and Consulting Co., Ltd. a VND 123 million contract to audit an IT security replacement project. The state-funded, lump sum contract was awarded through simplified direct appointment and provides for 30 nonconsecutive deployment days.
The Reserve Bank of India has limited INR non-deliverable derivative contracts offered to nonresident users to hedging purposes. Authorised dealers must also hold a cash reserve equal to 20% of the notional amount for specified INR derivatives used to hedge their own currency risk, with the requirements applying to new contracts.
South Korea's Ministry of Economy and Finance set out measures to address trade fragmentation, supply chain disruption and financial market risks. The government plans a KRW 3 trillion overseas construction fund, broader package contracts and diversified trade and supply networks, while monitoring fiscal risks and a possible adjustment in artificial intelligence investment.
The South Korea Financial Services Commission reported that six-day sales of the second Public Participation Growth Fund reached about KRW 406 billion, or 67.7% of its KRW 600 billion target. Sales accelerated to KRW 75.8 billion on the sixth day after lower-income priority allocations and online sales limits were removed.
The South Korea Financial Services Commission has opened second-round Youth Future Savings Account applications to all eligible applicants through Oct. 16, ending the initial odd-even birth-year schedule. Applications can be made through 14 participating institutions’ apps, with screening results due on Nov. 12 and Nov. 13 and account openings scheduled for Nov. 16 through Nov. 27.
The Australian Transaction Reports and Analysis Centre and the Financial Intelligence Unit of Naoero are co-hosting Pacific financial intelligence and supervisory forums in Sydney. Participants will focus on intelligence sharing, regulatory capability and coordinated action against cross-border financial crime.
The Australian Securities and Investments Commission has released the program for its 2026 Annual Forum in Sydney on Nov. 17 and 18. ASIC will announce its 2027 enforcement priorities and examine developments including artificial intelligence, digital assets, private credit, operational resilience and financial advice.
The Australian Securities and Investments Commission has proposed extending its CFD product intervention order for 10 years and broadening it to include CFDs settled through digital asset transfers. The amendments would clarify margin and netting rules and ASIC is also considering whether retail access to CFDs over options with losses exceeding the premium should continue.
Mexico’s National Commission for the Protection and Defense of Financial Services Users will hold its 2026 National Financial Education Week from Oct. 15 to 18, supported by in-person and virtual programming. More than 75 institutions will participate, with 229 conferences at the main venue and a target of 1.2 million virtual users.
The Union of Arab Securities Authorities signed a cooperation memorandum with the Accounting and Auditing Organization for Islamic Financial Institutions to support Arab capital markets and Islamic finance. The framework covers information exchange, training, awareness initiatives and cooperation on AAOIFI standards.
The Egypt Financial Regulatory Authority and the Ministry of Youth and Sports will support young fintech entrepreneurs through training, regulatory guidance and access to the FRA-Sandbox and potential investors. The sandbox received more than 50 applications in its first year, with nine projects gaining preliminary approval and two entering live testing.
The Central Bank of Barbados is seeking an information systems auditor to assess its technology systems, processes and controls. Candidates must be Certified Information Systems Auditors with at least five years of relevant experience, including cybersecurity and network infrastructure expertise. Applications are due by Oct. 23, 2026.
The Algeria Market Authority held a student workshop on Algeria’s financial market ecosystem, crowdfunding and investment issues. The session also addressed forms of financial fraud and preventive measures for investors.
The Oman Financial Services Authority, Muscat Stock Exchange and Muscat Clearing and Depository concluded a financial awareness camp for young Omanis. The program combined securities market education with practical research, data analysis and investment decision making exercises.
Qatar Central Bank’s international reserves and foreign currency liquidity reached QAR262.3 billion at the end of September 2026, with total official reserves at QAR223.4 billion.
The Central Bank of the UAE and Bank Al-Maghrib convened central Shariah authorities to discuss harmonizing standards and improving consistency across Islamic finance markets. Workshops addressed regulation, asset tokenization, stablecoins and responsible use of advanced financial technologies in Shariah-compliant products.
The National Reserve Bank of Tonga has licensed Moana Pay Limited to provide inward remittances and cancelled Frank Money Transfer’s foreign exchange licence. The updated register identifies the only entities authorized to provide foreign exchange services in Tonga as of Oct. 12, 2026.
The US Council of Economic Advisers reported broad manufacturing growth during President Donald Trump’s second term, citing gains in jobs, output, wages, investment and exports. Manufacturing employment rose by 72,000 in 2026, while the September manufacturing purchasing managers’ index reached 55.9. The council attributes the expansion to tariffs, tax measures and policies supporting domestic production.
The Central Bank of Iraq is reviewing import financing transfers due before Oct. 7, 2026, and said traders must not bear exchange rate differentials for transfers purchased and covered at the previous rate. It is also developing foreign trade cards to facilitate import financing for small traders.
The China Securities Regulatory Commission heard proposals from listed companies and market experts on strengthening capital market stability. Recommendations covered patient capital, dividends and buybacks, issuance and listing arrangements, investor protection, trading supervision, cross-border risks and additional policy tools, but no policy decisions were announced.
The National Bank of Georgia unanimously excluded nonexecutive board member Nana Keinishvili from board work pending an investigation into possible unlawful business activity, saying virtual asset supervision was outside her portfolio. It also detailed anti-money laundering and counterterrorist financing breaches supporting a GEL 572,118,000 fine on BitExchange LLC and GEL 7,000 fines for each of two administrators. The main failings involved customer identification, transaction monitoring and reporting, regulatory data and internal systems.
Islamic Development Bank Group Chairman Muhammad Al Jasser will lead a delegation to the 2026 World Bank Group and International Monetary Fund Annual Meetings in Bangkok. His engagements will focus on trade resilience, economic stability, development finance, regional cooperation and Islamic finance’s role in economic transitions.
The Central Bank of Syria and the Interior Ministry issued 755 warnings following inspections of unlicensed foreign exchange and money transfer activities across 10 governorates. Authorities will follow up on the violations and take legal action.
The Banking Golf Club held a tournament marking the Bank of the Lao PDR’s 58th anniversary, attended by more than 100 participants from across the banking sector. The event promoted stronger professional ties and included awards in two competition categories.
People’s Bank of China Governor Pan Gongsheng and French presidential diplomatic adviser Bonne discussed economic and financial conditions and bilateral economic and financial cooperation.
The Reserve Bank of India has barred rebooking of canceled INR foreign exchange derivatives while continuing to permit rollovers at maturity. It also cut from USD 100 million to USD 5 million the relevant position limits available without proof of underlying exposure. Dealers must obtain undertakings against duplicate hedging, verify exposures and retain supporting documents for at least two years.
The Reserve Bank of India has imposed a 20% cash reserve on certain INR foreign exchange derivatives exceeding USD 2 million that hedge current account purchases of foreign currency. Authorised dealers must hold the reserve daily with the central bank until contract termination, report through its centralised system and prevent users from circumventing the threshold through multiple transactions.
The Financial Superintendency of Colombia reported that credit institutions maintained capital and liquidity above regulatory minimums, although real credit growth slowed and past-due loans increased from low levels. The financial system committee called for closer market risk monitoring and timely completion of the DTF to IBR transition before DTF calculation ends on Jan. 1, 2027.
Federal Reserve Board staff analysis finds that severe oil market backwardation during the Middle East conflict has likely made risk premiums negative, causing futures prices to overstate expected spot prices. Estimated premiums range from negative 4.3% to negative 7.6% across three-month to one-year contracts, while prolonged low liquidity adds further distortion.