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2025-06-04•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina has partnered with the International Finance Corporation under the Digital Financial Services Project for the Western Balkans to enhance digital financial services. The initiative focuses on developing instant payment systems, open banking, improving non-cash payment systems, strengthening cyber resilience, and aligning local regulations with EU standards. The project is supported by the Swiss State Secretariat for Economic Affairs.
Policy & regulationCooperationFintech and insurtechPayments and payment systems
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2025-06-04•United Arab Emirates•UAE Securities & Commodities Authority
The UAE Securities & Commodities Authority has joined international regulators to combat unlawful financial influencers, focusing on investor protection and cross-border coordination. Initiatives include public-awareness campaigns, joint workshops, and enforcement actions against misleading online financial advice. The SCA aims to enhance digital market integrity by collaborating with foreign regulators to align regulations and ensure influencers operate within an appropriate framework.
Policy & regulationCooperationCross-border cooperationConsumer and investor protection
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2025-06-04•Iraq•Central Bank of Iraq
The Central Bank of Iraq initiated a workshop on its 2024–2029 National Strategy for Bank Lending, aiming to boost private sector lending, particularly to small and medium-sized enterprises, with support from the German Agency for Development Cooperation.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-06-04•British Virgin Islands•British Virgin Islands Financial Services Commission
The British Virgin Islands Financial Services Commission announced a six-month extension for existing limited partnerships to file their registers and beneficial ownership information under the Limited Partnership Act, now due by 1 January 2026. This extension, detailed in a Notice on the Commission’s website, utilizes the Registrar’s discretion under the Act's revised 2020 edition.
Policy & regulationRules & requirementsBeneficial ownership
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2025-06-04•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) Board rejected a proposed settlement against Compostela Capital Gestão de Recursos Ltda. and five individuals, following a legal impediment finding by the Federal Prosecutor’s Office. The Term of Commitment Committee recommended rejection due to the seriousness of the conduct, insufficient proposed amounts, and limited procedural efficiency gains. The investigation, initiated by the Strategic Risks Supervision Office, examines alleged irregularities and potential breaches of CVM Instructions 08, 558, and 555.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-06-04•Poland•Ministry of Finance (Poland)
Poland's Ministry of Finance, with the Polish Financial Supervision Authority, proposed measures to simplify EU financial services regulation and reduce compliance burdens for small and medium-sized enterprises. The proposals, sent to EU member states and institutions, aim to streamline reporting, free up capital, and simplify environmental, social, and governance reporting to alleviate business costs.
Policy & regulationReform agendas & prioritiesRegulatory burden
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2025-06-04•Poland•Ministry of Finance (Poland)
Poland's Ministry of Finance announced a cooperation agreement between the General Inspector of Financial Information (GIIF) and the Police within Interpol, granting GIIF access to select Interpol databases. This agreement, signed on 30 May 2025, aims to enhance efforts against money laundering, terrorist financing, and other financial crimes by improving information exchange and responses to cross-border threats.
Policy & regulationCooperationCross-border cooperation
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2025-06-04•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission reported a decline in the total net asset value of Guernsey funds to GBP 278.6 billion for Q1 2025, down 3.9% quarterly and 4.7% annually. Closed-ended funds decreased by 2.3% to GBP 232.8 billion, while open-ended funds fell by 11.4% to GBP 45.9 billion. Guernsey Green Funds maintained a total NAV of GBP 4.7 billion.
Data & statisticsFinancial and market indicators
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2025-06-04•Ukraine•Ministry of Finance (Ukraine)
Ukraine's Ministry of Finance and financial authorities report 87% of the Financial Sector Development Strategy's measures are completed or on schedule. Achievements include expanding government bonds, adopting the National Revenue Strategy, and improving corporate governance. Due to war-related uncertainties, the Financial Stability Council is updating the Strategy, with a revised version pending approval.
Policy & regulationImplementation, projects & pilotsMarket development
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2025-06-04•Canada•Ontario Securities Commission
The Ontario Securities Commission's 2024 Report on Canadian OTC Derivatives reveals the market surpassed $100 trillion in outstanding notional for the first time. It notes a shift towards interest rate derivatives linked to risk-free rates, with these derivatives being the largest asset class by outstanding notional. The OSC will continue efforts to provide transparency using data primarily from public sources.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-04•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has launched SEC AInnovation, an AI-enabled platform offering real-time responses to queries on SEC rules and processes. The chatbot integrates information from key SEC laws and regulations, supporting multiple languages and multimodal features. It aims to streamline public access to information and reduce the need for manual research and physical visits.
Policy & regulationImplementation, projects & pilotsArtificial intelligence
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2025-06-04•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission advises Sahakol Equipment Public Company Limited’s SQ256A bondholders to review information and exercise their rights at the upcoming meeting. Key proposals include a three-year maturity extension, revised repayment schedule, interest rate increase from 4.90% to 6.25%, and early redemption options. The SEC mandates the bondholders’ representative to assess these changes' implications.
SupervisionInterventionsCorporate governance
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2025-06-04•Namibia•Bank of Namibia
The Bank of Namibia's annual diplomatic stakeholder engagement highlighted geopolitical, trade, and technological uncertainties. Governor Johannes !Gawaxab emphasized the central bank's commitment to price and financial stability. The economic outlook projected global growth of 2.8% in 2025 and 3.0% in 2026, with Namibia's growth expected to reach 3.8% in 2025 and 4.0% in 2026, driven by agriculture, non-diamond mining, electricity and water, and construction sectors. External pressures include lower diamond prices and potential tariff impacts on exports.
Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsMonetary policy decisions and developments
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2025-06-04•Europe•European Commission
The European Commission's 2025 Convergence Report confirms Bulgaria's readiness to adopt the euro on 1 January 2026, meeting all nominal convergence criteria and legislative requirements. The report evaluates economic integration factors, supported by the European Central Bank's Convergence Report. The Commission has proposed a Council Decision and Regulation for Bulgaria's euro adoption, pending final approval by the Council of the European Union.
Policy & regulationRules & requirementsOther
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2025-06-04•Hungary•National Bank of Hungary
The National Bank of Hungary has resumed consultations with the Hungarian Banking Association to expand corporate lending and counter cyber-enabled financial fraud. Priorities include increasing corporate credit, reducing payment transaction costs, and launching a "Five-Strike" initiative against financial cybercrime. The central bank aims to support small and medium-sized enterprises and enhance competition in the corporate credit market.
Policy & regulationReform agendas & prioritiesLendingFinancial stability and systemic risk
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2025-06-04•Iceland•Central Bank of Iceland
The Central Bank of Iceland will release a statement from its Financial Stability Committee and a new Payments report on 4 June 2025, with a press conference featuring Governor Ásgeir Jónsson and Deputy Governor Tómas Brynjólfsson. The Payments report, initially in Icelandic, outlines payment intermediation in Iceland and the Central Bank's priorities and future vision.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-06-04•Iceland•Central Bank of Iceland
The Central Bank of Iceland's Financial Stability Committee maintained the countercyclical capital buffer at 2.5%, citing a resilient financial system amid external uncertainties and operational risks. The Committee noted strong capital and liquidity in systemically important banks, moderate credit growth, and a cooled housing market, while emphasizing the need for robust emergency planning and enhanced payment intermediation resilience.
Monetary policyOtherFinancial stability and systemic riskMonetary policy decisions and developments
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2025-06-04•Iceland•Central Bank of Iceland
The Central Bank of Iceland released the minutes from the Monetary Policy Committee meeting held on 19 and 20 May 2025, detailing discussions on economic and financial market developments and the application of monetary policy instruments.
Monetary policyPolicy rate decision minutes and accountsMonetary policy decisions and developments
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2025-06-04•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee held a hearing on the CLARITY Act, aimed at establishing a federal regulatory framework for digital assets. Chairman French Hill emphasized reducing regulatory uncertainty and strengthening consumer protections while fostering innovation. The Act proposes a codified exemption pathway for digital commodity projects and seeks to clarify jurisdictional boundaries between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
Policy & regulationReform agendas & priorities
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2025-06-04•Russia•Central Bank of Russia
The Central Bank of Russia has issued a draft ordinance for public consultation to enhance stress testing requirements for non-governmental pension funds, increasing the pass threshold from 75% to 95% by 2030. The proposal mandates improvements for funds passing fewer than 95% of tests within nine months and updates valuation methods for certain financial instruments. This initiative is part of a broader reform of NPF investment activities, with further regulations on pension reserves forthcoming.
Policy & regulationRules & requirementsStress testing
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2025-06-04•Russia•Central Bank of Russia
The Central Bank of Russia issued methodological recommendations to mitigate risks from money mules and shell companies linked to illicit activities. The guidance urges banks to enhance detection and control of payment flows, analyze transfers involving shell companies, and implement online monitoring. These recommendations supplement existing measures against money laundering and terrorism financing.
Policy & regulationGuidance & interpretationAML and CFT
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2025-06-04•Egypt•Egypt Financial Regulatory Authority
Egypt's Financial Regulatory Authority has proposed a package to boost investment and increase listings on Egyptian exchanges, including shifting from a capital gains tax to a stamp duty on securities transactions. The proposals also suggest tax changes for various investment funds and amendments to the Capital Market Law to simplify fund operations and introduce new fund models. Full details of the amendments are anticipated in July.
Policy & regulationRules & requirementsOther
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2025-06-04•Chile•Central Bank of Chile
The Central Bank of Chile released the Survey of Price Determinants and Expectations, highlighting firms' price-setting dynamics and economic expectations, including stable inflation expectations at 4% over 12 and 24 months. Firms reported neutral sales levels and input availability, with profit margins continuing to rise and reduced influence from the US dollar on selling prices.
Data & statisticsEconomic data and developments
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2025-06-04•Albania•Bank of Albania
The Bank of Albania’s Supervisory Council reviewed the Annual Supervision Report 2024, detailing banking system activity and supervisory work. The report outlines regulatory amendments aligned with international standards and includes statistics on licensed entities and banking performance analysis. The full report will be available on the Bank of Albania’s website soon.
SupervisionReviews, inspections & stress testsSupervision process and methodologies
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2025-06-04•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority (Finanstilsynet) updated a seminar on anti-money laundering and counter-terrorist financing, detailing preparations for the EU anti-money laundering package and simplifying requirements for supervised entities. The transition to the new Anti-Money Laundering Authority (AMLA), starting in summer 2025, and ongoing reviews on terrorist financing were highlighted. A working group aims to enhance regulatory efficiency and proportionality, with industry input deemed crucial.
SupervisionSupervision approach, priorities & toolkitAML and CFT
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2025-06-04•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported on the government's May 2025 meeting, highlighting stable interest rates, solid credit growth, and proactive monetary policy coordination with fiscal measures. Key economic indicators for the first five months included 3.21% inflation, VND 1.14 quadrillion budget revenue, and USD 355.8 billion in trade with a USD 4.67 billion surplus. The Prime Minister outlined June priorities, including accelerating public investment, infrastructure projects, and a 10% cut in regular spending to fund large projects.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2025-06-04•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets (CNPF) adopted decisions on securities market administration and consumer protection, including deregistering CRISTAL-SA’s shares post-reorganization and finding OCN EASY CREDIT SRL in breach of consumer credit rules. The CNPF also dismissed MOLDASIG SA’s appeal against a prior ruling and plans to seek a court declaration nullifying abusive credit contract clauses.
EnforcementInvestigations & enforcement actionsSupervision process and methodologiesConsumer and investor protection
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2025-06-04•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission issued General Rule No. 537 to standardize credit card minimum payment calculations and set conditions for temporary exemptions, aligning with Law No. 21,673. The rule defines the minimum payment as a non-financeable amount plus 5% of the financeable amount, with specific conditions for exemptions. The framework updates banking regulations and applies to entities under CMF supervision, taking effect one year after issuance with phased inclusion of interest-free instalments.
Policy & regulationRules & requirementsPayments and payment systems
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2025-06-04•Thailand•Ministry of Finance (Thailand)
Thailand's Ministry of Finance announced the closure of the application period for candidates seeking nomination as Governor of the Bank of Thailand. The application window was open from 13 May to 4 June 2025.
Institutional developmentLeadership change & appointmentsLicence approval
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2025-06-04•United States•U.S. Securities & Exchange Commission
The U.S. SEC issued a concept release seeking feedback on the current framework for foreign private issuer (FPI) eligibility, considering changes in issuer profiles and trading patterns. Commissioner Hester M. Peirce noted more issuers are now from the Cayman Islands and China and criticized linking FPI status to jurisdictions under International Organization of Securities Commissions agreements. The release invites public input on these issues and potential transition periods for changes.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-06-04•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission issued a concept release seeking feedback on its framework for foreign private issuer (FPI) status, focusing on disclosure, investor protection, and competitive equity with domestic issuers. It notes a shift in the FPI landscape, with the Cayman Islands and China leading in issuer incorporation and headquarters. It questions the current FPI definition and highlights over 20 exemptions FPIs enjoy compared to domestic companies, suggesting potential reassessment areas.
Policy & regulationReform agendas & prioritiesSecurities offerings and listings
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2025-06-04•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission has issued a concept release seeking public input on potentially amending the definition of "foreign private issuer" due to significant changes since 2003. The review aims to balance foreign companies' access to U.S. markets with investor access to material information and avoid competitive disadvantages for domestic issuers. The release invites feedback on the current definition and implications of potential regulatory changes.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-06-04•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission issued a concept release seeking public input on revising the definition of "foreign private issuer" under U.S. federal securities laws. The SEC is evaluating whether non-U.S. companies, particularly those primarily trading in the U.S., should continue to receive disclosure and reporting accommodations. The release highlights concerns about companies not subject to meaningful oversight in their incorporation jurisdictions.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-06-04•Egypt•Central Bank of Egypt
The Central Bank of Egypt reported an 82.7% year-on-year increase in remittances from Egyptians abroad, reaching USD 26.4 billion for July/March 2024/2025. Remittances for January/March 2024/2025 rose by 86.6% to USD 9.4 billion, and March 2025 saw a 63.7% increase to USD 3.4 billion.
Data & statisticsCross-border payments
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2025-06-04•Argentina•Argentina Securities Commission (CNV)
Argentina Securities Commission (CNV) participated in a regulatory roundtable at Aleph Hub, discussing frameworks for virtual asset service providers and asset tokenisation. CNV outlined requirements under General Resolution 1058, effective by 31 December 2025, and reviewed the asset tokenisation proposal in General Resolution 1060, which is under analysis following public consultation.
Policy & regulationRules & requirementsFintech and insurtechTokenization
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2025-06-04•Nepal•Central Bank of Nepal
The Central Bank of Nepal appointed Kiran Pandit as its spokesperson, effective from 2082/01/21, coinciding with its 69th anniversary. Pandit, an Executive Director, has extensive experience across various departments, including Bank Supervision and Financial Inclusion.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-04•Argentina•Argentina Superintendency of Insurance
Argentina’s Superintendency of Insurance revised the General Regulation of Insurance Activity to enhance reserve calculation standards and system solvency. Changes affect reserve setting for claims in mediation, litigation, and incurred but not reported (IBNR) claims, aligning with judicial and financial conditions. Developed with industry input, these updates apply from financial statements closing on 30 June 2025, with an amortisation scheme to ease capital impact.
Policy & regulationRules & requirementsPrudential risksAccounting and financial reporting
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2025-06-04•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance has eliminated the requirement for shareholders to file sworn statements for Income Tax and Personal Assets Tax with the supervisor if already submitted to the Revenue and Customs Control Agency (ARCA). This resolution, aligned with ARCA General Resolution No. 696/2025, aims to simplify administrative processes while upholding constitutional guarantees for taxpayers and shareholders.
Policy & regulationRules & requirementsRegulatory burden
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2025-06-04•Bangladesh•Bangladesh Securities & Exchange Commission
The Bangladesh Securities and Exchange Commission (BSEC) has formed a nomination committee to select members for the Shari'ah Advisory Council under the 2022 rules. Convened by the BSEC Chair, it includes representatives from Islamic and academic institutions and is tasked with recommending Shari'ah Scholar and Expert members based on specific criteria. The committee must submit recommendations within 30 working days for BSEC to proceed with constituting the council.
Policy & regulationImplementation, projects & pilotsOther
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2025-06-04•Moldova•National Bank of Moldova
The National Bank of Moldova received the "Debut of the Year 2024" trophy for its MIA Instant Payments project at the national Brand of the Year awards. Launched in March 2024, MIA facilitates near-real-time money transfers 24/7, with over 600,000 active users and more than one million transactions monthly. The central bank noted that electronic payments have surpassed cash withdrawals from ATMs for the first time in Moldova.
OtherPayments and payment systems
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2025-06-04•Moldova•National Bank of Moldova
The National Bank of Moldova marked its 34th anniversary with a message from Governor Anca Dragu, emphasizing efforts to align Moldova’s financial system with European standards amid EU accession. Key reforms include the MIA instant payments system, SEPA acceptance, and digitalisation of banking processes. The bank aims to further European integration, digital innovation, and financial system strengthening for sustainable growth.
Policy & regulationReform agendas & prioritiesOther
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2025-06-04•India•Securities & Exchange Board of India
The Securities and Exchange Board of India (SEBI) cautioned the public about fraudulent communications falsely claiming to be from SEBI, misusing its letterhead, logo, and seal. SEBI advised verifying the authenticity of communications through its website, emphasizing unique reference and document identification numbers for official documents. It warned against sharing information or making payments in response to suspicious messages.
SupervisionAlertsFraud and scams
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2025-06-04•United States•U.S. Department of the Treasury
The U.S. Treasury released a readout of the Financial Stability Oversight Council's meeting, chaired by Treasury Secretary Scott Bessent, discussing enhancements to supervisory and regulatory frameworks. Updates included digital asset markets, commercial real estate conditions, and corporate credit market developments, highlighting regulatory clarity, market stabilization, and private credit growth. The Council also approved the minutes of its March 20, 2025 meeting.
SupervisionSupervision approach, priorities & toolkitFinancial stability and systemic riskSupervision process and methodologies
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2025-06-04•Honduras•Central Bank of Honduras
The Central Bank of Honduras issued a notice highlighting the security features of its highest-denomination banknotes, including optically variable ink, dynamic security threads, and ultraviolet-detectable elements. The bank emphasized features such as raised printing, watermarks, and Braille-style bars for tactile identification. Users are directed to the bank's digital portal and YouTube channel for more information.
Financial literacy & educationCurrency and cash management
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2025-06-04•Jamaica•Jamaica Financial Services Commission
The Jamaica Financial Services Commission (FSC) issued a public notice emphasizing that all individuals and entities dealing in securities and investment products in Jamaica must be licensed, registered, or authorized by the FSC. The notice advises potential investors to verify the authorization status of parties before engaging with them and refers to the FSC's website for a list of licensed entities.
SupervisionAlertsSecurities offerings and listings
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2025-06-04•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas announced that Money Transmission Businesses and commercial banks can now convert non-residents’ Bahamian dollar holdings into foreign currency for remittance abroad for current account payments. This clarification addresses inconsistent practices regarding individuals residing in The Bahamas without the right to work. The Central Bank will monitor these transactions and expects adherence to delegated limits and customer due diligence requirements.
Policy & regulationGuidance & interpretationCross-border payments
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2025-06-04•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank (ECCB) is advancing efforts to establish a regional regulator for Citizenship by Investment Programmes (CIP/CBI) in five countries, with a second draft agreement and bill submitted to the Heads of Government. Consultations with stakeholders, including international partners, aim to develop common standards and a harmonised legal framework. The draft is set for stakeholder review in June, with plans for parliamentary enactment by year-end.
Policy & regulationRules & requirementsLicensing framework and process
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2025-06-03•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua's April 2025 Indicators report robust performance in the banking system with increased public deposits and credit, adequate liquidity, and improved profitability. Public deposits rose 9.8% year-on-year to NIO 253,854.8 million, while the credit portfolio grew 16.0% to NIO 218,765.7 million. The sector maintained stable loan portfolio quality, with a non-performing loan ratio of 1.4%, and reported a return on equity of 13.7% and a capital adequacy ratio of 18.4%, exceeding the 10% legal minimum.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-03•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic has obtained ISO 22301:2019 certification from AENOR for its Business Continuity Management System, covering the Foreign Exchange Platform and the Real-Time Gross Settlement (LBTR) system. This certification ensures continuous service availability. The LBTR system facilitates secure, real-time fund transfers, while the Foreign Exchange Platform supports exchange rate policy and market operations.
Institutional developmentCooperation & capacity buildingOperational risk and resilience
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2025-06-03•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority Board has approved the cancellation of East Bridge Capital Company's licence for managing investments and advising in the securities business, following the company's request.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-06-03•Europe•Committee on Economic and Monetary Affairs
The European Parliament’s Committees on Economic and Monetary Affairs and Civil Liberties will discuss amending the regulation on third countries with deficiencies in anti-money laundering and counter-terrorism financing. This follows the rejection of the previous update to the EU's high-risk third countries list under the Fourth Anti-Money Laundering Directive. The list, in Commission Delegated Regulation (EU) 2016/1675, hasn't been amended since April 2024.
Policy & regulationRules & requirementsAML and CFT
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2025-06-03•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission (Consob) released an educational video warning retail savers about modern Ponzi schemes proliferating via social media and smartphones. The video highlights red flags such as promises of easy, risk-free returns and unauthorized promotions. Consob directs savers to its website's "Occhio alle truffe!" section for further investor protection resources.
Financial literacy & educationFraud and scams
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2025-06-03•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) urges financial services licensees to update the Financial Advisers Register before the 1 January 2026 deadline. A recent spot check found errors in qualifications data, affecting reliability. As of 28 May 2025, 6,426 of 15,610 providers have an approved degree, 4,580 use the experienced provider pathway, and 4,604 haven't met the standard. Issues include unclear eligibility and inaccuracies in authorisation history. Providing false information is an offence, and corrections must be made via ASIC Connect. ASIC will monitor data and may take further actions, with a compliance program starting post-January 2026.
SupervisionInterventionsConsumer and investor protection
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2025-06-03•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority announced the release of the Dubai Financial Services Unified Guidebook by Dubai’s Department of Economy and Tourism, offering a comprehensive overview of the financial services landscape in Dubai. Developed with key stakeholders, the guidebook outlines the regulatory framework within the Dubai International Financial Centre and provides guidance on business set-up and licensing.
Policy & regulationGuidance & interpretation
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2025-06-03•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic received ISO 22301:2019 certification from AENOR, expanding its Business Continuity Management System to include the Foreign Exchange Platform and the real-time gross settlement system (LBTR). This ensures continuous service availability for both systems. The LBTR facilitates real-time transfers and payments, while the Foreign Exchange Platform supports foreign exchange policy implementation and transaction reporting.
Institutional developmentCooperation & capacity buildingOperational risk and resilience
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2025-06-03•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority has recognized Ripple (RLUSD) as a Recognised Crypto Token under GEN Rule 3A.3.4 of the DFSA Rulebook. This recognition is effective immediately and will remain until further notice.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-06-03•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission completed its Disaster Recovery Center project to bolster institutional security against technology-related crises. Supported by Jupiter, Desenvolvimento Informático (SU), Lda., and ITA - Internet Technologies Angola, S.A., the initiative enhanced technology infrastructure, incident response capabilities, and risk management culture.
Institutional developmentTechnology & data transformationOperational risk and resilience
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2025-06-03•Australia•Australian Securities & Investments Commission
ASIC has initiated Federal Court proceedings against Choosi Pty Ltd for allegedly misleading customers by claiming to compare insurance products from multiple insurers, while only offering policies from one insurer distributed by Greenstone Financial Services. This practice, ongoing since July 2019, led to over 13,700 policies sold and AUD 61 million in commissions, contravening sections 12DB and 12DF of the ASIC Act 2001, with potential penalties of up to AUD 16.5 million per contravention.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2025-06-03•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved a draft decision to return assets to clients and depositors of sanctioned capital market participants. It also registered share issues and related prospectuses for several joint stock companies, including JSC “ZNVCIF “ARMORY VENTURES”” and JSC “ZNVCIF “SANTORINI””. Additionally, governance changes at PJSC SI CAPITAL were approved, including appointing a Supervisory Board member and Chair.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-03•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets reports on Generation Z's financial vulnerabilities, including income issues and impulsivity. It urges financial firms to engage Gen Z with transparent communication and digital environments incorporating appropriate friction, aligning with their media habits. The AFM seeks dialogue among financial firms, policymakers, and supervisors to ensure Gen Z's safe market entry.
Policy & regulationGuidance & interpretationFinancial literacy and education
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2025-06-03•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) held a forum on the Corruption Eradication Commission’s Integrity Assessment Survey (SPI) to enhance follow-up actions and promote governance best practices. OJK emphasized core governance principles and its Anti-Fraud Strategy regulation, supporting fraud control across financial institutions. For 2025, OJK aims to certify more staff as Integrity Builder Experts and Anti-Corruption Counsellors, enhancing its integrity and anti-corruption efforts.
Institutional developmentGovernanceCorporate governance
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2025-06-03•China•Central Bank of the Republic of China
The Central Bank of the Republic of China and China's Ministry of Finance co-chaired the sixth Shanghai Cooperation Organisation meeting in Beijing. Discussions focused on the global and member-country macroeconomic outlook and policies, as well as financial cooperation within the SCO.
Policy & regulationCooperationCross-border cooperation
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2025-06-03•Bermuda•Ministry of Finance (Bermuda)
Bermuda’s Ministry of Finance reported Attorney General Kim Wilkerson led a delegation to CFATF meetings in Trinidad and Tobago to enhance regional cooperation against financial crime. The meetings concluded CFATF’s Fourth Round of mutual evaluations and initiated preparations for the Fifth Round. Discussions linked to Bermuda’s policy agenda for strengthening its anti-money laundering and counter-terrorist financing framework, with legislative updates anticipated in 2025.
Policy & regulationPeer reviews and country evaluationsAML and CFTCross-border cooperation
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2025-06-03•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Commission de Surveillance du Secteur Financier (CSSF) has launched the testing phase for the "Internalised settlement reporting under Article 9 of CSDR" via its eDesk PREPROD platform. Settlement internalisers are required to report quarterly on the volume and value of securities transactions settled outside a securities settlement system. The PREPROD environment offers two collection modes, and a user guide is available.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-06-03•Ukraine•National Bank of Ukraine
The National Bank of Ukraine reported its special fundraising account for the defence forces, opened in February 2022, had over UAH 1.6 billion as of 1 June 2025, with May inflows of nearly UAH 151.2 million. Since the war began, contributions have totaled over UAH 66.4 billion, with significant allocations to the Ministry of Defense and other security institutions. The bank updates the account information daily and accepts donations via bank transfer or payment card.
Data & statisticsOther
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2025-06-03•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) mandated "standard conditions" for network-based health insurance in Portugal to enhance transparency and comparability. Insurers must offer a health insurance option aligned with the standard package and provide clear consumer information on coverage and service features. Compliance requires semi-annual reporting to ASF, with the authority publishing compliant insurers and an evaluation report after two reporting rounds.
Policy & regulationRules & requirementsConsumer and investor protection
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2025-06-03•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
AUSTRAC denied Harro’s Empires' crypto ATM registration renewal and imposed new conditions on Australian crypto ATM providers due to scam trends. Conditions include a 5,000 AUD cash limit, enhanced due diligence, and mandatory scam warnings. Users over 50 account for 72% of transaction value. AUSTRAC expects digital currency exchanges to adopt similar limits and is collaborating with law enforcement to address suspicious activities, with ongoing reviews of the conditions' effectiveness.
SupervisionAuthorisations & approvalsAML and CFTFraud and scams
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2025-06-03•Belize•Central Bank of Belize
The Central Bank of Belize issued an alert warning of a fraudulent article falsely claiming the Bank has taken legal action against a local media house. The Bank clarified it has not filed any lawsuit and linked the article to a broader fraud scheme using false claims to lure individuals into dubious investments. The public is urged to verify claims through official sources and avoid engaging with suspicious links or sharing personal information.
SupervisionAlertsFraud and scams
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2025-06-03•Peru•Superintendencia de Banca, Seguros y AFP del Peru
Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) asked Congress to reassess a bill on board director provisions for municipal savings and credit banks, citing potential governance weaknesses. The SBS opposed certain proposals, including involving the National Confederation of Merchants in board member selection and term limits for board chairs, which could affect strategic continuity.
SupervisionRisk monitoring & watch pointsCorporate governance
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2025-06-03•Global•OECD
The OECD's Economic Outlook warns of slowing global growth, projecting a decline from 3.3% in 2024 to 2.9% in 2025 and 2026, with significant downgrades in the US, Canada, Mexico, and China. Inflation pressures may resurface due to higher trade costs, though weaker commodity prices might partly offset this. The OECD advises central banks to remain vigilant, suggesting policy rate reductions where inflation moderates and demand is subdued, provided inflation expectations remain anchored and trade tensions do not escalate.
ResearchEconomic data and developments
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2025-06-03•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan approved Vyacheslav Kim's application to become a large indirect participant in First Heartland Jusan Bank JSC under Article 17-1 of Kazakhstan’s Law on Banks and Banking Activities. First Heartland Jusan Bank ranks sixth by assets and eighth by loan portfolio, with assets of KZT 3,195bn and equity of KZT 900bn as of May 2025.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-03•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan, with World Bank consultants, introduced a draft law "On Investment Funds" to modernize collective investment regulations. This aims to align with international standards, expand financial instruments, and enhance investor protection, responding to increased retail investor accounts. Part of Kazakhstan's investment policy through 2029, it targets a clearer regulatory environment for foreign investors and new financial products.
Policy & regulationRules & requirementsCorporate governance
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2025-06-03•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency approved seven senior appointments in the insurance sector, including executive and management roles: Timirgaleyev S.S., Ashkeyev O.M., Tultebayev A.N., Rahimov A.K., Kargapolov D.A., Sakharbekov D.M., and Krasikov M.I. The agency stated that qualified senior managers may transfer within the sector without additional consent.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2025-06-03•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 Bozashy Munai LLP and Murat Safin as major shareholders in JSC TransOil Insurance Company. This status requires them to enhance the insurer's financial condition if needed, including capital increases. TransOil ranks last among 15 insurers in the general insurance segment, holding 0.5% of total assets.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-03•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) announced that KENDRIS CAPITAL LIMITED has initiated the dissolution and liquidation of TPP RAIF V.C.I.C. LIMITED, a Registered Alternative Investment Fund (RAIF). The RAIF will remain listed in the RAIFs Registry as "under liquidation" until the process is finalized and all required documents are submitted. CySEC will remove the RAIF from the registry upon completion.
SupervisionAuthorisations & approvalsOther
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2025-06-03•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a scam alert about fraudulent websites, phishing emails, and other scams involving Shanghai Commercial Bank, The Bank of East Asia, and Chong Hing Bank. The HKMA emphasized banks will not send SMS or emails with hyperlinks for transactions or request sensitive information via phone, email, or SMS. 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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2025-06-03•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria signed a memorandum of cooperation with the Association for Modern Trade to support Bulgaria's planned accession to the euro area. The agreement aims to coordinate public information efforts and address concerns about speculative price increases during the transition. Governor Dimitar Radev emphasized the benefits of euro adoption, including reduced currency risk and increased investor confidence.
Policy & regulationCooperationCross-border cooperation
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2025-06-03•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority reported a decrease in deposits by GBP 0.56bn (1.28%) to GBP 43.02bn from 31 December 2024 to 31 March 2025, while noting a yearly increase of GBP 0.75bn (1.77%) compared to 31 March 2024. Foreign currency deposits, primarily in US dollars and euros, comprised 46.30% of total deposits as of 31 March 2025, with exchange rate movements having minimal impact on the quarterly change.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-03•Global•Bank for International Settlements
The Bank for International Settlements released a working paper analyzing monetary policy shocks on labor earnings inequality, highlighting a larger effect during high-inflation periods. Using Estonian tax data and European Central Bank policy surprises, the study shows low-income workers are more affected, with significant impacts on employment rather than wages. The "earnings heterogeneity channel" contributes to 5% of the aggregate consumption response, with notable differences in consumption and inequality effects between high and low inflation regimes.
Research
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2025-06-03•Jordan•Central Bank of Jordan
The Central Bank of Jordan has launched a cybersecurity awareness video competition for financial sector employees to enhance cybersecurity culture and awareness of financial fraud risks. The initiative, in collaboration with the Cyber Incident Response Unit and other departments, seeks creative video submissions demonstrating effective digital protection practices.
Financial literacy & educationCyber resilience
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2025-06-03•Europe•European Central Bank
The European Central Bank released the disaggregated financial statement of the Eurosystem, detailing assets and liabilities in EUR millions for each euro area national central bank and the ECB, with consolidation adjustments. As of 2 May 2025, total assets and liabilities amounted to EUR 6,313,602 million. Key liabilities include EUR 1,578,776 million in banknotes in circulation and EUR 2,934,302 million related to monetary policy operations.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-03•Kyrgyzstan•Ministry of Finance (Kyrgyzstan)
Kyrgyzstan's Finance Minister Almaz Baketaev discussed with China's Finance Minister Lan Foan integrating Kyrgyz state-owned banks into China's Cross-Border Interbank Payment System (CIPS) to enhance yuan settlements. Plans include regulatory consultations, opening correspondent accounts with Chinese banks, and exploring payment infrastructure partnerships. The Ministry is ready for dialogue with the People’s Bank of China and the National Financial Regulatory Administration.
Policy & regulationCooperationCross-border cooperationCross-border payments
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2025-06-03•United Arab Emirates•UAE Securities & Commodities Authority
The UAE Securities & Commodities Authority (SCA) mandates financial influencers to register for "Finfluencer" status, enhancing compliance in online financial content. All providers must be licensed and adhere to disclosure and investor-protection obligations. The SCA warned that unlicensed financial promotion is illegal and will incur penalties, aiming to protect investors and uphold market integrity.
Policy & regulationRules & requirementsFintech and insurtechConsumer and investor protection
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2025-06-03•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued a memorandum detailing reserve requirement computations for banks and non-banks for 6–12 June 2025 and 13–19 June 2025, accounting for two holidays. Eidul Adha and Independence Day are non-reserve days, with specific carry-over mechanics outlined. The reserve weeks are treated as a single period for offsetting reserve deficiencies against excess reserves.
Policy & regulationGuidance & interpretationLiquidity risk
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2025-06-03•Oman•Central Bank of Oman
The Central Bank of Oman released the IMF's preliminary conclusions from its 2025 Article IV consultation, highlighting Oman’s strengthening growth momentum, low inflation, and resilient banking system. Real GDP growth increased to 1.7% in 2024, with projections of 2.4% in 2025 and 3.7% in 2026, supported by non-hydrocarbon activity and easing OPEC+ oil cuts. The IMF noted a fiscal surplus of 3.3% of GDP in 2024, a decline in public debt, and ongoing reforms in governance, tax administration, and renewable energy.
ResearchEconomic data and developmentsFinancial stability and systemic risk
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2025-06-03•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has instructed individuals listed in an annex to pay a VND 1,000,000 fee for a securities practice certificate, as per the Ministry of Finance’s Circular 25/2022/TT-BTC. Payment can be made via bank transfer to VietinBank or Vietcombank, or in person at the Commission. Failure to complete the procedure within one year will result in certificate cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
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2025-06-03•Europe•European Council
The European Council published a speech by the Eurogroup President emphasizing the need to reinforce the euro amid uncertainties. Key points include the digital euro project, fiscal coordination, and capital markets deepening, alongside Eurobarometer results showing strong public support. The speech also highlights the European Commission's plan for a Savings and Investment Union and calls for national-level follow-up on pension systems and financial literacy.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments
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2025-06-03•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has initiated an administrative proceeding against BDO RCS Auditores Independentes SS and its technical lead over alleged audit irregularities for Osasco Properties Fundo de Investimento em Participações Multiestratégia. The case involves potential breaches of NBC TA 540 and CVM Instruction 308. Deliberations were paused after Director Otto Lobo requested more review time, with Director Marina Copola absent due to an institutional engagement.
EnforcementInvestigations & enforcement actionsAuditing
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2025-06-03•Oman•Oman Financial Services Authority
The Oman Financial Services Authority has deregistered Experts Chartered Accountants for violating Article 19 of the Law Regulating the Accounting and Auditing Profession by permitting an unauthorised person to sign audit reports. This action underscores concerns about audit quality and capital market integrity. Following this and other deregistrations, 190 accounting and auditing offices remain licensed by the FSA.
EnforcementSanctions & designationsAuditing
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2025-06-03•Albania•Albania Financial Services Authority
The Albania Financial Services Authority reported growth in private pension funds as of 31 March 2025, with total net assets reaching ALL 13,364.23 million (EUR 85.21 million) and membership rising to 46,377. Net assets increased by 3.83% and membership by 3.23% since 31 December 2024. The report includes detailed fund-level data for SIGAL, CREDINS PENSION, RAIFFEISEN, and ALBSIG.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-03•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay has closed its Digital Economy program and recognized participating financial institutions and MSMEs. The nine-month initiative involved nine financial institutions and 62 MSMEs and increased total electronic transactions by 125 percent, from 33,467 to 75,147 over the assessed period.
Policy & regulationImplementation, projects & pilotsPayments and payment systemsFinancial inclusion
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2025-06-03•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission announced the Capital Markets Efficiency Promotion Act, signed by President Ferdinand R. Marcos, Jr., to enhance market accessibility via tax reforms. Measures include reducing the stock transaction tax to 0.1%, lowering the documentary stamp tax to 0.75%, and removing taxes on mutual funds. The law standardizes the final withholding tax on interest income at 20% and harmonizes the capital gains tax to 15% on foreign shares, while offering additional tax deductions for retirement savings.
Policy & regulationRules & requirementsMarket development
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2025-06-03•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario is taking enforcement action against Chanderkant Jindal, proposing to refuse his mortgage agent licence renewal and impose a CAD 5,000 penalty. FSRA alleges Jindal made false statements in insurance solicitation and is unsuitable for licensing under the Mortgage Brokerages, Lenders and Administrators Act due to integrity concerns. Jindal has requested a hearing before the Financial Services Tribunal.
EnforcementInvestigations & enforcement actions
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2025-06-03•United States•U.S. Financial Services Committee
U.S. House Financial Services Chairman French Hill has requested a federal investigation into the Little Rock Housing Authority, citing issues like questionable expenditures and a federal raid. Hill's letter to the Acting Inspector General of the U.S. Department of Housing and Urban Development highlights previous unaddressed inquiries and questions the authority's prolonged irresponsible operations.
EnforcementInvestigations & enforcement actionsOther
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2025-06-03•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick has partnered with Women’s Equality to raise awareness about financial exploitation risks faced by aging women, in observance of World Elder Abuse Awareness Day and Seniors Month. The initiative includes a walk in Fredericton and Saint John and a free public webinar on women, aging, and financial abuse.
Financial literacy & educationConsumer and investor protection
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2025-06-03•Russia•Central Bank of Russia
The Central Bank of Russia's Q1 2025 review highlights a slowdown in management companies' asset growth due to investor outflows from money market exchange-traded unit investment funds (UIFs) and reduced investment in closed-end funds. Investors are shifting towards diversified instruments with rising yield expectations, increasing investment in open-end UIFs. UIFs drive growth in the collective investment market, comprising nearly three-fourths of growth and 64.6% of net asset value.
Data & statisticsAsset quality
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2025-06-03•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority announced that Nawy, SAFE, and Saqr have applied to operate under Egypt’s investment fund framework for selling fractional real estate interests. Each platform plans to establish entities for real estate investment funds, with feasibility studies submitted. The authority emphasized the real estate fund model as optimal and continues to engage with market participants for compliance and regularization.
Policy & regulationGuidance & interpretationFintech and insurtechSupervision process and methodologies
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2025-06-03•Finland•Finanssivalvonta
Finland's Financial Supervisory Authority (FIN-FSA) has fined LocalBitcoins Oy EUR 500,000 for failing to comply with anti-money laundering requirements related to customer identity verification. The penalty reflects the nature, extent, and duration of the non-compliance, as well as the firm's financial position. The decision, made on 2 June 2025, is not yet legally binding and may be appealed.
EnforcementSanctions & designationsAML and CFT
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2025-06-03•Finland•Finanssivalvonta
Finland's Financial Supervisory Authority (FIN-FSA) has fined Alexandria Group Plc EUR 1,000,000 for failing to obtain required client information and maintain adequate records in investment advice. The deficiencies, identified during a 2021–2022 inspection, also included inadequate internal controls and monitoring systems. Alexandria Group Plc may appeal the decision, which is not yet legally binding.
EnforcementInvestigations & enforcement actionsCompliance
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2025-06-03•Chile•Central Bank of Chile
The Central Bank of Chile has started its Sixth Statistics Conference in Santiago, focusing on official statistics and new technologies in decision-making and data communication. The event features global speakers and highlights initiatives to enhance data accessibility, including the Statistical Database and its mobile version. Sessions will address artificial intelligence in statistics and strategies for improving public access to information.
Policy & regulationImplementation, projects & pilotsOther