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2025-06-13•Bosnia and Herzegovina•Banking Agency of the Federation of Bosnia and Herzegovina
Lejla Smajović, Ombudswoman for the Banking System at the Banking Agency of the Federation of Bosnia and Herzegovina, participated in a panel at the University of Tuzla on integrating financial education into formal education. She highlighted financial literacy initiatives and emphasized the role of education in preventing consumer issues in the banking sector.
Financial literacy & educationFinancial literacy and education
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2025-06-13•Gibraltar•Gibraltar Financial Services Commission
The Gibraltar Financial Services Commission released guidance notes to assist insurers and stakeholders with the Solvency 2 framework and solvent exits. The notes address Solvency 2 own funds, approvals, reinsurance counterparty credit risk, and capital instrument quality, as well as solvent exit planning for insurers.
Policy & regulationGuidance & interpretationCapital adequacy
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2025-06-13•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Executive Board of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism appointed Juan-Manuel Vega Serrano as Vice-Chair. Vega Serrano, with over 30 years of experience in anti-money laundering and counter-terrorist financing, will support efforts to enhance the European Union's AML/CFT framework.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-13•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Executive Board of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has appointed Juan-Manuel Vega Serrano as Vice-Chair. Vega Serrano brings over 30 years of experience in anti-money laundering and counter-terrorist financing, including roles at the Spanish Treasury and as President of the Financial Action Task Force (FATF).
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-13•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Executive Board of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has appointed Juan-Manuel Vega Serrano as Vice-Chair. Vega Serrano, with over 30 years of experience in anti-money laundering and counter-terrorist financing, will support AMLA’s mission to enhance the EU's AML/CFT framework.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-13•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) concluded its consultation on fee limits for approved securities registrars under the uncertificated securities market (USM) regime, incorporating these limits into the ASR Code. The capped fees include a facility set-up fee, a dematerialisation fee, and a fee for processing and registering securities transfers. The SFC will work with Hong Kong Exchanges and Clearing Limited and the Federation of Share Registrars Limited to enhance stakeholder awareness before the USM regime's launch in 2026.
Policy & regulationRules & requirementsOther
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2025-06-13•Global•International Financial Reporting Standards Foundation
The International Financial Reporting Standards Foundation has launched new e-learning modules on the IFRS Sustainability Knowledge Hub to enhance understanding of the International Sustainability Standards Board’s IFRS S1 and IFRS S2 standards. These modules include interactive content and assessments, offering free access with an IFRS.org account and CPD or CPE credits for eligible professionals.
Financial literacy & educationAccounting and financial reporting
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2025-06-13•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority announced the 2025 Brian Gray Scholarship recipients, co-funded with the Reserve Bank of Australia, supporting student research on relevant topics. Scholars Allegra De Jager, Arlene Janse van Rensburg, Christopher Finnegan, and Ajay Murugasu will explore private capital, market risk capital requirements, Australia's natural rate of interest, and optimal monetary policy. Each AUD 15,000 scholarship is for Australian and New Zealand citizens pursuing honours or postgraduate studies.
ResearchOther
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2025-06-13•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority's report for the quarter ending 31 March 2025 highlights a 1.3% increase in net profit after tax to AUD 40.0 billion and a 5.5% rise in total assets to AUD 6,545.9 billion. The total capital base grew by 1.7% to AUD 456.7 billion, with a slight dip in the total capital ratio to 20.4%. Liquidity metrics eased slightly, with the liquidity coverage ratio at 136.0%, minimum liquidity holdings ratio at 16.7%, and net stable funding ratio at 117.4%. Residential property credit rose 5.4% to AUD 2,349.7 billion. Non-performing loans increased to 1.08%, while loans 30–89 days past due decreased to 0.60%. Commercial property exposure limits rose to AUD 483.7 billion.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-13•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Bakhyt Dauletkeldievich Surapbergenov as a member of the executive body in the securities market.
Institutional developmentLeadership change & appointmentsLicence approval
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2025-06-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a warning about scammers impersonating HKMA senior staff and using forged documents to falsely label certain securities or investment companies as “recognised financial institutions.” The HKMA emphasized that these schemes are fraudulent and advised the public to verify authorized institutions via its website. The case has been reported to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-06-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority released the Exchange Fund Advisory Committee Currency Board Sub-Committee's report on operations from 25 December 2024 to 16 April 2025. The Hong Kong dollar remained stable within the Convertibility Zone, with interbank markets operating smoothly. The Sub-Committee highlighted global downside growth risks, particularly from US tariffs, and noted improved housing transactions but subdued commercial real estate conditions.
Monetary policyMonetary policy instruments & operationsCurrency and cash managementFinancial stability and systemic risk
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2025-06-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a scam alert regarding fraudulent websites and an internet banking login screen linked to Chong Hing Bank Limited. The HKMA emphasized that banks will not send SMS or emails with hyperlinks for transactions or request sensitive information like passwords. Affected individuals should contact their bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-06-13•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority reported that the Exchange Fund's foreign assets increased by HKD 201.3 billion in May 2025, reaching HKD 3,586.6 billion. The Monetary Base was HKD 2,124.9 billion, with claims on the private sector at HKD 325.6 billion and foreign liabilities at HKD 31.0 billion. These figures are published under the IMF's Special Data Dissemination Standard.
Data & statisticsMonetary data
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2025-06-13•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced the dissolution and voluntary liquidation of AIFLNP GLOBAL M&A OPPORTUNITIES FUND AIFLNP V.C.I.C. LIMITED, as decided by its sole shareholder under the Alternative Investment Funds Law of 2018. The fund, authorized under licence number LPAIF29/2014, was reported to CySEC by its external manager, GMM Global Money Managers Ltd.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-06-13•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority warns about "Baloise (IOM) Limited" and baloiseonline.com, falsely representing an Isle of Man company and offering unauthorized financial products. The site claims a local address, but actual occupiers are unaware of the company, which is unlicensed by the Authority. The regulator cautions the site may be involved in fraud or identity theft and advises affected individuals to contact local police and the Isle of Man Cyber Security Centre.
SupervisionAlertsUnlicensed or unauthorized activityFraud and scams
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2025-06-13•Global•Bank for International Settlements
The Basel Committee on Banking Supervision at the Bank for International Settlements has released a voluntary framework for climate-related financial risk disclosures, encouraging jurisdictions to adopt it domestically. The framework includes both qualitative and quantitative disclosures, allowing flexibility for evolving climate data. The Committee will monitor developments and consider potential revisions.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-06-13•United Kingdom•UK Parliament
The UK Parliament’s House of Lords Financial Services Regulation Committee report criticizes the slow progress in embedding the FCA and PRA secondary international competitiveness and growth objective due to risk aversion, regulatory uncertainty, and inefficiency. It highlights disproportionate compliance burdens, unclear Consumer Duty interpretation, and the PRA’s capital requirements as barriers to growth. Recommendations include cultural and operational changes within regulators, clearer guidance, and reducing regulatory overlap to enhance the UK's financial sector competitiveness.
Policy & regulationReform agendas & prioritiesRegulatory burden
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2025-06-13•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan signed a Memorandum of Understanding with the Global Finance & Technology Network to enhance Uzbekistan's FinTech ecosystem and digital economy. The cooperation includes developing a FinTech growth strategy, capacity building, and supporting the FinTech community through various initiatives.
Policy & regulationCooperationFintech and insurtechMarket development
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2025-06-13•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan presented plans to transition to a required reserve averaging mechanism as part of its move toward an inflation targeting regime. The Financial Market Department outlined expected benefits, including enhanced liquidity management, interbank market development, and improved monetary policy transmission. The session concluded with a Q&A on reserve formation and management.
Monetary policyMonetary policy framework & strategyLiquidity riskPrudential risks
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2025-06-13•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) announced changes to the Financial Transactions Tax (IOF) rules for Vida Gerador de Benefício Livre (VGBL) plans. A 5% IOF will apply to individual contributions exceeding BRL 600,000 annually from 2026, and BRL 300,000 for contributions between 11 June and 31 December 2025. The tax applies only to amounts above these thresholds and excludes corporate-paid premiums, with no changes to traditional insurance or PGBL plans.
Policy & regulationRules & requirementsTax transparency and information exchange
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2025-06-13•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) has approved its 2025–2027 Sustainable Logistics Master Plan, effective immediately, to integrate sustainable practices into its operational management. The plan aligns with SUSEP’s strategic planning, focusing on administrative efficiency and sustainability to promote responsible resource use and reduce environmental impacts.
Institutional developmentGovernanceESG
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2025-06-13•Israel•Bank of Israel
The Bank of Israel affirmed its readiness to maintain the stability of financial markets, the banking system, and payment systems, emphasizing its capability to support business continuity and ongoing monitoring of developments.
Monetary policyOtherOperational risk and resilience
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2025-06-13•Spain•Bank of Spain
The Bank of Spain reported Spain's general government debt at EUR 1.66 trillion at end-March 2025, with a debt-to-GDP ratio of 103.5%, down 2.8 percentage points from the previous year. Central government debt rose to EUR 1.53 trillion, while regional and local government debts were EUR 338 billion and EUR 23 billion, respectively. Social security funds debt increased to EUR 126 billion, attributed to State loans, with 94.7% of the debt long-term.
Data & statisticsEconomic data and developments
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2025-06-13•Spain•Bank of Spain
The National Statistical Institute and the Bank of Spain have launched the Business Multilocalization Viewer (ViME), detailing the geographical distribution of Spanish non-financial corporations' activities. ViME integrates data from the INE Central Business Register and the Bank of Spain’s Central Balance Sheet Data Office. It reveals that 86% of corporations operated in a single location in 2023, highlighting significant interregional business links, though it excludes data from around 380,000 companies due to missing or substandard accounts.
Data & statisticsEconomic data and developments
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2025-06-13•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) began talks with investment managers from major closed pension funds to draft rules on ESG considerations in portfolios, as required by National Monetary Council Resolution 5202/2025. Initial proposals include an ESG risk and impact analysis for major portfolios, with funds expected to prioritize ESG topics like climate effects and social indicators. Further meetings will refine the draft.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-06-13•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam seeks vendors to develop Instagram content to communicate its roles, raise awareness of financial scams, and enhance financial literacy. The initiative emphasizes strategic planning and professional content delivery to effectively engage and educate the public.
Financial literacy & educationOther
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2025-06-13•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a USD 3.0 billion balance of payments deficit for Q1 2025, reversing a USD 238 million surplus from the previous year, due to a wider current account deficit. The current account deficit doubled to USD 4.2 billion, driven by a growing merchandise trade gap and weaker net service revenues, partially offset by higher remittances. Financial account net inflows rose 43.2 percent to USD 6.7 billion, with gross international reserves at USD 106.7 billion and the peso averaging PHP 57.97 per USD.
Data & statisticsBalance of payments and other external statistics
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2025-06-13•Philippines•Central Bank of the Philippines
The Bangko Sentral ng Pilipinas (BSP) inaugurated the BSP Hub at its Manila head office, centralizing public access to BSP services. The hub consolidates external transactions previously managed by various BSP departments and offers services like addressing concerns about financial institutions, purchasing BSP merchandise, and conducting property transactions. It also features the Museo BSP, library, meeting rooms, and an auditorium.
Policy & regulationImplementation, projects & pilotsOther
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2025-06-13•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported a rise in external debt to USD 146.74 billion at the end of March 2025, marking a 6.6% increase quarter-on-quarter and 14.0% year-on-year. The debt accounted for 31.5% of GDP, up from 29.8% in the previous quarter, with short-term debt covered 3.27 times by gross international reserves. The increase was driven by national government bond issuance and local banks' offshore financing.
Data & statisticsBalance of payments and other external statistics
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2025-06-13•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision reported that Italy's Macroprudential Policy Committee assessed the financial system as broadly stable despite global risks. The Committee began developing an analytical framework for assessing risks from fallback clauses in indexed contracts and financial instruments. It highlighted supportive domestic conditions, strong banking and insurance sectors, and solid household finances, while cautioning against deregulation in European financial regulation.
Policy & regulationImplementation, projects & pilotsMacroprudential policy and toolsFinancial stability and systemic risk
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2025-06-13•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority is consulting on a proposed class exemption to remove certain unsolicited offer requirements for listed issuers buying back their own quoted debt securities, allowing off-market buy-backs without specified disclosure documents or timing compliance, subject to conditions. Feedback is open until 25 July 2025.
Policy & regulationRules & requirementsRegulatory burden
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2025-06-13•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority is consulting on a proposed class exemption to allow listed issuers to bypass certain unsolicited offer requirements when buying back their own quoted debt securities, aiming to enhance flexibility and efficiency in debt management. The exemption would permit off-market buy-backs without adhering to specific disclosure and timing rules, with conditions for issuers to provide buy-back offer information; submissions are due by 5pm on 25 July 2025.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-06-13•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission announced a fee of VND 1,000,000 for the re-issuance of a securities practice certificate for Nguyen Thi Phuong Thao, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer or in person. Failure to complete the procedure within one year will result in certificate cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-06-13•Estonia•Central Bank of Estonia
The Central Bank of Estonia released its monthly flash estimate of the balance of payments, noting it is based on limited data and subject to adjustment upon quarterly report publication. The estimate uses available information, including administrative sources and international payment reports, but remains partly subjective.
Data & statisticsBalance of payments and other external statistics
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2025-06-13•Serbia•National Bank of Serbia
The National Bank of Serbia reported a decrease in gross foreign exchange reserves to EUR 27,398.9 million at the end of May 2025, down EUR 306.5 million from April, with net reserves also declining by EUR 270.0 million. The changes were driven by state net deleveraging, foreign-currency liabilities, and central bank interventions, partially offset by inflows from donations and reserve management. Interbank FX turnover in May was EUR 537.6 million, with the dinar stable against the euro.
Data & statisticsBalance of payments and other external statistics
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2025-06-13•Kazakhstan•Astana Financial Services Authority
Dodo Brands, parent of Dodo Pizza and Drinkit, has completed its redomiciliation from the British Virgin Islands to the Astana International Financial Centre (AIFC), maintaining its legal entity status and corporate structure. This move increases the number of international holding companies redomiciled to the AIFC to 14. Dodo Brands operates over 1,300 outlets in 26 countries, with 2024 sales exceeding USD 1 billion.
SupervisionAuthorisations & approvalsCross-border cooperation
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2025-06-13•Azerbaijan•Central Bank of the Republic of Azerbaijan
Governor Taleh Kazımov of the Central Bank of Azerbaijan emphasized sustainable finance reforms at a PASHA Holding event, prioritizing the green transition. Key initiatives include a Sustainable Finance Roadmap, a 2024–2026 Financial Sector Development Strategy, and a COP29 initiative for taxonomy interoperability. Director General Şahin Mahmudzadə also discussed ESG ratings and ecosystem challenges.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
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2025-06-13•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has expanded its citizen reception arrangements by enhancing digital channels on the myGov platform. Since April 2025, citizens can submit electronic applications and book in-person meetings through an online queue system, allowing for efficient scheduling and management of appointments.
Institutional developmentTechnology & data transformationHiring and recruitment
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2025-06-13•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay used the Central Banking 2025 Summer Meetings in London to present the country's Instant Payment System and received Central Banking's Payments and Market Infrastructure Development 2025 award. The bank said the system now serves more than 2.4 million accounts, or 25% of the financial system, with about 150,000 new users added each month. It also referenced ongoing work on a National Payments System bill.
Policy & regulationRules & requirementsPayments and payment systemsFinancial inclusion
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2025-06-13•Canada•Ontario Securities Commission
The Canadian Securities Administrators issued an alert urging Canadians to discuss AI and social media investment scams targeting seniors, coinciding with World Elder Abuse Awareness Day. The alert warns against online investment opportunities, particularly those with celebrity endorsements or quick returns, and advises caution with private chat groups. It emphasizes verifying registration of investment promoters and naming a Trusted Contact.
SupervisionAlertsFraud and scams
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2025-06-13•Tonga•National Reserve Bank of Tonga
The National Reserve Bank of Tonga warned about fraudulent investment schemes falsely claiming NRBT's involvement in international fund transfers, emphasizing it does not process such transactions and urging vigilance. The schemes involve misrepresentations of SWIFT systems and impersonation of officials, prompting NRBT to advise verifying concerns with the bank or local financial institutions.
SupervisionAlertsFraud and scams
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2025-06-13•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission approved Aboitiz Power Corporation's registration for up to PHP100 billion in fixed-rate bonds, allowing an initial offering of up to PHP30 billion. The first tranche includes up to PHP20 billion with a PHP10 billion oversubscription option, aimed at refinancing and early debt redemption. The offering is scheduled for 23–27 June, with listing on the Philippine Dealing and Exchange Corp. on 7 July.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-13•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario imposed a CAD 6,000 penalty on mortgage broker Renkai Lin, added a condition to Lin’s licence, and suspended ZK Financial Inc.'s licence for two months. This enforcement action follows a settlement related to Lin providing false or misleading information under the Mortgage Brokerages, Lenders and Administrators Act, 2006.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-06-13•Poland•Central Bank of Poland
The Central Bank of Poland reported a current account deficit of PLN 1.6bn in April 2025, contrasting with a surplus of PLN 4.0bn a year earlier. Goods exports fell 3.2% year on year, while imports rose 2.7%, driven by economic recovery and increased competition in EU markets. The services account posted a surplus, with export receipts rising 4.2% and expenditure increasing 7.7%.
Data & statisticsBalance of payments and other external statistics
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2025-06-13•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo, led by Governor Ahmet Ismaili, outlined progress toward joining the Single Euro Payments Area (SEPA) for EU market integration and cost-effective payments. Key reforms include finalizing laws with World Bank support, though a constitutional review has delayed the European Commission's assessment. SEPA membership is projected to yield over EUR 55 million annually in benefits, with further steps involving technical infrastructure investment and alignment with SEPA standards.
Policy & regulationImplementation, projects & pilotsCross-border cooperation
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2025-06-13•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority has registered Bank Of Africa’s reference document for the 2024 financial year, updating the information dossier for its certificates of deposit programme. The dossier includes the new reference document and the programme note from January 2020, accessible at Bank Of Africa’s head office and online.
SupervisionRegulatory reporting
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2025-06-13•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority approved a prospectus for Bank of Africa – Groupe BMCE's perpetual subordinated bonds, which include a loss-absorption mechanism and provisions for cancelling coupon payments. The approval was issued as a financial operations visa under press release CP/EM/022/2025.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-13•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Markets Authority approved a prospectus from Banque Centrale Populaire for its share buyback programme.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-13•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission (SEC) has advised holders of the GRAND25OA bond to review all information and exercise their rights at the upcoming bondholders' meeting. The meeting will address extending the bond's redemption maturity by eight months and increasing the interest rate by 0.30 percentage points. The SEC mandates the bondholders' representative to evaluate the implications of both approval and non-approval scenarios.
Policy & regulationGuidance & interpretationCorporate governance
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2025-06-13•Morocco•Moroccan Capital Markets Authority
The Moroccan Capital Market Authority released its May 2025 disclosure on share buyback transactions by listed companies, including Maroc Telecom and BCP. Maroc Telecom's programme, running from July 2024 to January 2026, involves a cap of 10,165,623 shares with specific purchase and sale price limits, while BCP's programme, from April 2025 to October 2026, allows for up to 1,500,000 shares with defined price and liquidity parameters.
Policy & regulationImplementation, projects & pilotsOther
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2025-06-13•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority issued a memorandum outlining expectations for banks' use of internal models for credit risk capital requirements, following the Capital Requirements Regulation III changes effective 1 January 2025. The memo highlights concerns over model application quality and stresses that any shift to less advanced methods should not be due to supervisory arbitrage, maintaining high standards of model quality and risk management.
Policy & regulationGuidance & interpretationCapital adequacy
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2025-06-13•Europe•European Commission
The European Commission has launched a consultation to improve the accessibility, transparency, and effectiveness of supplementary pensions in the EU. It seeks input on automatic enrolment, national pension tracking systems, and a review of the IORP II Directive, focusing on governance and risk management. It also addresses obstacles to the uptake of the pan-European Personal Pension Product (PEPP), including simplifying the Basic PEPP and facilitating digital distribution.
Policy & regulationReform agendas & priorities
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2025-06-13•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee released stakeholder endorsements for the Digital Asset Market Clarity (CLARITY) Act of 2025, following its approval by both the committee and the House Agriculture Committee. The legislation aims to establish a federal framework for digital assets, addressing consumer protection, market integrity, and governance for digital commodity exchanges. Supporters advocate for the bill's progression to a House floor vote and Senate consideration.
Policy & regulationRules & requirements
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2025-06-13•Honduras•Comisión Nacional de Bancos y Seguros de Honduras
Honduras’ National Banking and Insurance Commission (CNBS) has amended the Regulation on Credit and Financing Cards to align with recent reforms to the Credit Card Law. Key changes include a revised payment allocation order for interest calculation and new merchant obligations for processing in-person card transactions. Certain requirements are exempt for e-commerce, which must adhere to CNBS security provisions.
Policy & regulationRules & requirementsCredit riskPrudential risks
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2025-06-13•Canada•Payments Canada
Payments Canada concluded its webinar series on the Real-Time Rail (RTR) system, focusing on fraud management strategies and participant roles in fraud mitigation. The strategy, aligned with the Bank of Canada's expectations and global best practices, includes centralized services such as confirmation of payee and central fraud analytics. Payments Canada will establish a fraud forum to update requirements based on operational insights and trends.
Financial literacy & educationPayments and payment systems
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2025-06-13•Canada•Canadian Securities Administrators
The Canadian Securities Administrators (CSA) urged Canadians to discuss AI and social media-driven investment scams with older adults on World Elder Abuse Awareness Day. The CSA warns against scams using AI-generated content and advises caution with online investments, especially those claiming endorsements or promising easy returns. Investors are encouraged to verify firm registration, name a Trusted Contact Person, and enhance digital literacy to combat fraud.
SupervisionAlertsFraud and scams
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2025-06-13•United States•Federal Reserve Board
The Federal Reserve Board will release results from its annual bank stress test on 27 June, assessing the capital adequacy of 22 large banks under a severe global recession scenario. The test evaluates banks' ability to absorb losses and maintain lending amid stress in real estate and corporate debt markets. The methodology document detailing the models used has been published.
SupervisionReviews, inspections & stress testsStress testing
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2025-06-13•Moldova•National Commission for Financial Markets
The National Commission for Financial Markets approved a draft law to enhance transparency and comparability of payment-account fees, simplify account switching, and ensure access to basic accounts. A thematic review found breaches by OCN “MOGO LOANS” SRL in consumer credit contracts, leading to corrective orders. Additionally, Banca Comerciala ENERGBANK SA's investment firm licence was updated, and several authorisation and supervision decisions were made.
Policy & regulationRules & requirementsConsumer and investor protectionPayments and payment systems
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2025-06-13•Canada•Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization (CIRO) warned of rising investment scams targeting seniors and provided a tip sheet to mitigate fraud risks. CIRO's data shows seniors are involved in 30% of case assessments, and its 2024 Investor Survey reveals one in five Canadians have encountered potential investment fraud. CIRO advises caution with unsolicited communications, safeguarding personal information, and consulting legal advice before major financial decisions.
SupervisionAlertsFraud and scams
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2025-06-13•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) has filed a complaint with the Public Prosecutor's Office regarding an alleged fraud involving the misuse of CMF Chairwoman Solange Berstein's name and image. The entity, Harnett Logan Megan (HLM), is accused of using Instagram and WhatsApp to deceive potential investors into buying local shares by falsely implying endorsement from Chairwoman Berstein and the CMF.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-06-13•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) announced that the certificate establishing the Conventional Current Interest Rate and the Maximum Interest Rate will be published in the Official Gazette on 15 May. As mandated by Law No. 18.010, this information is also available on the CMF's website to ensure transparency and timeliness.
Policy & regulationRules & requirementsFinancial and market indicators
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2025-06-13•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has drafted a decree to amend Decree 24/2012, transitioning gold market management towards a phased market-based operation while maintaining strict controls. The draft removes the state monopoly on gold bullion production and raw gold import/export, allowing licensed enterprises and banks to engage in these activities under regulated conditions. It introduces transparency obligations, account-based payments, and electronic invoicing, with plans to explore a national gold exchange and alternative investment channels.
Policy & regulationRules & requirementsForeign exchange policy and markets
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2025-06-13•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's Anti-Money Laundering Department elected a new executive committee for the 2025–2027 term, prioritizing technology adoption and automation to enhance AML operations and risk-based supervision. The congress reviewed past achievements, including the 2022 Anti-Money Laundering Law implementation and staff training. Future directives focus on completing IT systems for AML, strengthening suspicious transaction report analysis, and aligning with Resolution 57 on innovation and digital transformation.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-13•Vietnam•State Bank of Vietnam
The State Bank of Vietnam's Information Technology Department held its third Party Congress, reviewing achievements and setting 2025-2030 priorities, including digital transformation and information security. Deputy Governor Pham Tien Dung emphasized implementing safety solutions for online and bank card payments and converting key information systems. The department is tasked with upgrading IT systems, supporting administrative reforms, and enhancing staff development and coordination.
Institutional developmentLeadership change & appointmentsOther
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2025-06-13•Thailand•Ministry of Finance (Thailand)
Thailand's Ministry of Finance refuted claims that pico finance credit operators are returning their licenses en masse due to rising non-performing loans, stating no abnormal level of license returns has been observed.
Policy & regulationGuidance & interpretationLicence withdrawal
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2025-06-13•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission announced Brian T. Daly as the new Director of the Division of Investment Management, effective July 8. Daly, previously a partner at Akin Gump Strauss Hauer & Feld LLP, brings extensive experience in advising investment advisers and fund managers. SEC Chairman Paul S. Atkins highlighted the appointment's alignment with the agency's investment management oversight strategy.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-13•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission announced Erik Hotmire's appointment as Chief External Affairs Officer and Director of the Office of Public Affairs, effective June 16, 2025. Hotmire, who previously served as a senior adviser at the SEC, brings extensive experience from roles in the White House, U.S. Senate, and corporate advisory firms.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-13•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission has appointed Kurt Hohl as Chief Accountant, effective 7 July 2025. Hohl, with nearly 40 years of experience, previously founded Corallium Advisors and served as a partner at Ernst & Young. Acting Chief Accountant Ryan Wolfe will return to his role in the Division of Enforcement.
Institutional developmentLeadership change & appointmentsAccounting and financial reporting
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2025-06-13•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission appointed Jamie Selway as Director of the Division of Trading and Markets, effective June 17, 2025. Selway previously served as a partner at Sophron Advisors and held senior roles in market structure and electronic trading.
Institutional developmentLeadership change & appointmentsTrading
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2025-06-13•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has released a draft Provisions on the Classification Evaluation of Futures Companies for public consultation, aiming to enhance supervision and regulatory efficiency. The 44-article draft updates classification standards, optimizes evaluation processes, and reflects recent changes in the futures market and industry. Feedback is being solicited to refine the rules before final implementation.
Policy & regulationRules & requirementsSupervision process and methodologies
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2025-06-13•China•China Securities Regulatory Commission
The China Securities Regulatory Commission issued the Measures for the Administration of Programmatic Trading in the Futures Market (Trial), establishing comprehensive regulatory requirements for algorithmic trading. Key provisions include pre-trade reporting, strengthened system access controls, and obligations for fair allocation of technical resources. Effective 9 October 2025, the measures aim to safeguard system security and market order through ongoing monitoring and risk management.
Policy & regulationRules & requirementsTrading
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2025-06-13•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) president, Roberto E. Silva, emphasized the CNV's efforts to facilitate SME financing and market integration during a virtual session organized by Banco Ciudad’s Instituto PyME. Silva highlighted ongoing regulatory advancements to ease SME access to capital markets. The event also included insights from market experts to equip SMEs with information on financing and investment opportunities.
Policy & regulationGuidance & interpretationSME financing
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2025-06-13•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission (CNV) director Sonia Salvatierra participated in an Ibero-American workshop on capital markets supervision and technological innovation. She highlighted CNV's efforts to integrate technology into supervisory work to enhance transparency and investor protection. The workshop addressed regulatory expansion, SupTech development, AI in supervision, and anti-money laundering strategies.
SupervisionCooperationSupervision process and methodologies
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2025-06-13•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission's 2025 strategy supports designated counties in consolidating poverty alleviation and rural revitalization, marking the final year of the Fourteenth Five-Year Plan. Priorities include enhancing organizational support, policy guidance, industrial support, and oversight to prevent a large-scale return to poverty and promote local industry and income growth. The strategy emphasizes financial assistance and proper management of assistance funds.
Policy & regulationImplementation, projects & pilotsCapacity building
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2025-06-13•China•China Banking and Insurance Regulatory Commission
Li Yunze, Director of the China Banking and Insurance Regulatory Commission, visited Xinjiang and Shaanxi to boost financial support for Belt and Road initiatives and local development. The visit emphasized strengthening financial services for the Xinjiang Production and Construction Corps, supporting energy innovation, and encouraging banks and insurers to innovate in product and service models. Li also focused on improving central-local supervisory coordination and reinforcing party discipline in regional regulatory offices.
SupervisionSupervision approach, priorities & toolkitDomestic cooperation
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2025-06-13•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Quarterly Authorised Deposit-taking Institution (ADI) Performance and Property Exposures reports for Q1 2025, highlighting a 1.3% increase in net profit after tax to 40.0 billion AUD and a 5.5% rise in total assets to 6,545.9 billion AUD. Key metrics include a stable total capital ratio of 20.4%, a liquidity coverage ratio of 136.0%, and 5.4% growth in residential credit outstanding to 2,349.7 billion AUD.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-13•Global•Financial Action Task Force
The Financial Action Task Force (FATF) updated its statement on high-risk jurisdictions, urging enhanced due diligence and countermeasures for the Democratic People’s Republic of Korea (DPRK), Iran, and Myanmar. FATF emphasized robust implementation of financial sanctions against DPRK, effective countermeasures for Iran due to non-compliance with key conventions, and enhanced due diligence for Myanmar. It will reassess Iran and Myanmar's progress by October 2025 and continue monitoring DPRK.
Policy & regulationInternational standards & recommendations
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2025-06-13•Global•Financial Action Task Force
The FATF and MONEYVAL Plenary agreed on changes to FATF Standards to enhance transparency in cross-border payments, revising Recommendation 16 to improve crime detection and sanctions implementation. Bolivia and the Virgin Islands (UK) were added to the increased monitoring list, while Croatia, Mali, and Tanzania were removed. The Plenary also adopted MONEYVAL’s mutual evaluation report of Latvia and reviewed compliance progress for Czechia, Georgia, and the Slovak Republic.
Policy & regulationInternational standards & recommendationsAML and CFTSupervision process and methodologies
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2025-06-13•Global•Financial Action Task Force
The Financial Action Task Force (FATF) updated its list of jurisdictions under increased monitoring for anti-money laundering and counter-terrorist financing deficiencies, removing Croatia, Mali, and Tanzania, while adding Bolivia and the Virgin Islands UK. FATF emphasized a risk-based approach, discouraging de-risking and unnecessary disruption to humanitarian and legitimate activities. Burkina Faso, Mozambique, Nigeria, and South Africa will undergo on-site assessments after substantially completing their action plans.
Policy & regulationInternational standards & recommendationsAML and CFT
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2025-06-13•Moldova•National Bank of Moldova
The National Bank of Moldova has drafted a decision to amend its fee schedule for the instant payments system, introducing transaction caps for P2B payments and setting specific commission rates for P2G and B2P payments up to MDL 100,000. Proposed changes include caps of 0.50% at MDL 2.50, 0.10% at MDL 0.50, 0.01% at MDL 0.05, and 0.04% at MDL 0.20 for P2B, and 0.05% capped at MDL 0.25 for P2G and MDL 5.00 for B2P. The amendments will take effect upon publication in the Official Monitor of the Republic of Moldova.
Policy & regulationRules & requirementsPayments and payment systems
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2025-06-13•Moldova•National Bank of Moldova
At the Bucharest Leaders’ Summit, National Bank of Moldova Governor Anca Dragu emphasized the banking sector's resilience and the central bank's focus on financial stability, innovation, and European integration. Dragu highlighted the success of the MIA instant payments system and the shift to digital payments over cash withdrawals. She also discussed Moldova's SEPA membership and the central bank's role in EU accession negotiations.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic riskMarket development
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2025-06-13•Moldova•National Bank of Moldova
The National Bank of Moldova's Governor, Anca Dragu, received a leadership award at the Invest Energy Gala, emphasizing energy diversification as a macro-financial priority. Dragu highlighted the strategic importance of energy interconnection with Romania and integration into the European ENTSO-E network to bolster economic independence. She noted that energy dependence leads to economic vulnerability and inflationary pressures, with the central bank responding through monetary policy adjustments and European financial support to stabilize the energy market.
Other
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2025-06-13•Moldova•National Bank of Moldova
The National Bank of Moldova released a video on the digital evolution of the financial system, emphasizing technology adoption aligned with European standards to modernize services amid European integration. It highlights advancements like mobile payments, near-instant transfers, and app-based account management, with MIA Instant Payments enabling secure, cost-efficient transactions. Moldova's acceptance into the Single Euro Payments Area is expected to facilitate EUR transactions with European countries, offering lower fees, shorter waiting times, and enhanced data protection.
Financial literacy & educationFintech and insurtechMarket development
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2025-06-13•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported Taiwan's international investment position for end-2024, showing a net external creditor status with net assets of USD 1,556.23 billion, a 9.0% decrease from end-2023. Total external assets rose by USD 148.17 billion to USD 3,034.87 billion, driven by higher foreign securities prices and resident holdings, while external liabilities increased by USD 301.15 billion to USD 1,478.65 billion due to higher local share prices held by nonresident investors. Taiwan remains the world's sixth largest net creditor.
Data & statisticsBalance of payments and other external statistics
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2025-06-13•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury announced the removal of Aleksey Leonidovich Fisun from the UK sanctions list under the Russia sanctions regime, lifting the asset freeze against him. Fisun, a member of the supervisory board of Sovcombank, is no longer on the Consolidated List. The notice emphasizes the obligations of institutions to freeze assets of designated persons and report any breaches to the Financial Intelligence Unit.
EnforcementSanctions & designationsSanctions list update
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2025-06-13•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) published its 2024 Annual Report, highlighting progress on strategic priorities amid AI advances, geopolitical instability, and rising cyber threats. Key initiatives included addressing protection gaps in insurance and pensions, supporting digitalisation risk mitigation, and enhancing prudential supervision across Europe. EIOPA aligns its agenda with the European Commission's priorities, focusing on regulatory simplification and collaboration on the Savings and Investment Union.
Institutional developmentOtherArtificial intelligenceSupervision process and methodologies
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2025-06-13•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority announced that Bulgaria's Financial Supervision Commission has temporarily banned ZAD DallBogg: Life and Health AD from offering new cross-border insurance products and services in the European Economic Area for three months starting 1 July 2025. The ban also prevents extending existing cross-border business terms. The FSC is discussing consumer protection and conditions for lifting the restriction with DallBogg.
SupervisionAuthorisations & approvalsConsumer and investor protection
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2025-06-12•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission authorized DSK Asset Management AD to manage the mutual fund DSK Stability – Eurobonds 5 and registered the scheme. It also approved board appointments, a corporate charter amendment for Debitum Invest REIT, and removed a Bulgar Czech Invest Holding AD bond issue from the public issuers register. Additionally, the FSC adopted Ordinance No. 76 on fees, to be published in the State Gazette.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-12•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay (BCU) proposed reforms to extend regulatory oversight to companies soliciting investment in real-economy assets, including the livestock sector. The draft aims to enhance investor protection by allowing BCU to supervise entities making public investment calls, regardless of their primary activity. The proposal emphasizes fraud prevention, alignment with national conditions, and tiered regulatory requirements to minimize disruption.
Policy & regulationRules & requirementsCrowdfunding
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2025-06-12•Chile•Ministry of Finance (Chile)
Chile's Chamber of Deputies Citizen Security Commission approved a Finance Ministry-backed bill to create an Economic Intelligence Subsystem to combat organized crime. The bill enhances intelligence to trace money flows related to money laundering and terrorist financing, updates rules for agencies like the Financial Market Commission, and modernizes Penal Code offences for gambling to address illegal gambling and laundering risks, with increased fines and sanctions.
Policy & regulationRules & requirementsAML and CFT
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2025-06-12•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) has issued 14 Principles on third-party risks supervision to foster a unified EU-wide supervisory culture. These principles address risks associated with outsourcing and delegation, aiming to enhance supervisory frameworks and assist entities in managing third-party risks. ESMA will facilitate implementation through discussions and case studies with National Competent Authorities.
Policy & regulationGuidance & interpretationOutsourcing and third-party risk management
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2025-06-12•India•Reserve Bank of India
The Reserve Bank of India amended its instructions on inoperative accounts and unclaimed deposits, expanding KYC update channels to reactivate such accounts. All commercial and co-operative banks must now offer KYC updates at all branches, including non-home branches, and may use Video-Customer Identification Process (V-CIP) and authorised business correspondents. These changes are effective immediately.
Policy & regulationRules & requirementsKYC
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2025-06-12•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand acknowledged delays in responding to Official Information Act requests about former Governor Adrian Orr’s resignation, citing complexity, volume, privacy laws, and the need for comprehensive assessment. Chair Neil Quigley noted limitations in discussing the resignation due to the exit agreement and ongoing finalization of the next Five-Year Funding Agreement, with the bank reviewing feedback to improve future response times.
Institutional developmentGovernanceOther
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2025-06-12•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) is focusing on superannuation trustees' customer service governance, especially in handling complaints. Chair Joe Longo noted that data and process failures could cause non-compliance, citing ASIC's review of death benefits as evidence. The review showed slow processing and poor monitoring, linked to more complaints. ASIC warned trustees to analyze complaint data for systemic issues or face enforcement actions.
SupervisionSupervision approach, priorities & toolkitComplaints and dispute resolution
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2025-06-12•Europe•European Securities and Markets Authority
ESMA published final reports advising on the Prospectus Regulation and civil prospectus liability to reduce regulatory burdens and enhance capital market activity. The advice covers prospectus content, ESG disclosure annexes, scrutiny procedures, and data reporting requirements. ESMA submitted the reports to the European Commission, which will decide on adopting regulatory technical standards and assess liability harmonisation by year-end.
Policy & regulationGuidance & interpretationRegulatory burden
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2025-06-12•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo is collaborating with International Monetary Fund (IMF) experts to enhance its implementation of the IMF Central Bank Transparency Code. The IMF mission, led by Arkadiusz Majewski, is reviewing the bank's transparency practices, focusing on communication, governance, and stakeholder engagement. This initiative aims to strengthen accountability and the effectiveness of monetary and financial policies.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-06-12•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority's review found record-keeping compliance issues among securities dealers, resulting in supervisory orders for Danske Bank A/S, Jyske Bank A/S, and Nykredit Bank A/S. Problems included reliance on manual processes and unapproved communication channels like WhatsApp, Signal, and Telegram. The authority stressed firm-level compliance responsibility, recommending training, automation, and enhanced controls.
SupervisionReviews, inspections & stress testsClient asset custody and safekeeping
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2025-06-12•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority suspended Tin Lok Man's registration as a Mandatory Provident Fund intermediary for 21 months due to misconduct. Tin misused a scheme member's personal information and failed to execute instructions accurately, breaching the Mandatory Provident Fund Schemes Ordinance. The decision followed an Insurance Authority investigation, considering the seriousness of the breaches and the need for deterrence.
EnforcementInvestigations & enforcement actions
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2025-06-12•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority has banned Ms Leung Wai Mei and Ms Ip Ka Ying from acting as insurance intermediaries for 12 and 21 months, respectively, due to fabricating policy applications to meet sales targets. The sanctions considered their remorse and cooperation, with the IA emphasizing its commitment to using intelligence, data analytics, and collaboration with law enforcement to prevent similar misconduct.
EnforcementSanctions & designations