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2025-06-03•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority (Finanstilsynet) released materials from its securities seminar, highlighting Norway's new Crypto-Asset Act, effective 1 July 2025, and the pending implementation of the Investment Firm Regulation and Directive. Key updates include prospectus simplifications linked to the EU Listing Act, AIFMD 2.0 changes, and a NOK 50 million penalty for market manipulation. Finanstilsynet noted increased suspicious transaction reporting and outlined upcoming guidance on crypto-asset service authorisation and a new unit to combat economic crime.
SupervisionRisk monitoring & watch pointsMarket abuse
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2025-06-03•United States•Federal Reserve Board
The Federal Reserve Board has lifted the asset growth restriction on Wells Fargo, initially imposed under the 2018 enforcement action, after the bank met all necessary conditions. Wells Fargo was required to enhance its governance and risk management and undergo a third-party review, which the Board has now completed. Other provisions of the 2018 action remain until further requirements are met.
EnforcementInvestigations & enforcement actionsCorporate governanceRisk management
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2025-06-03•United States•Commodity Futures Trading Commission
The CFTC Division of Enforcement reminds customers that the Traders Domain claims process ends on July 28, stressing that only official claims qualify for future judgments. This follows a civil enforcement action against Traders Domain FX Ltd for alleged fraud and misappropriation, with the CFTC seeking restitution, penalties, and permanent bans for violations of the Commodity Exchange Act and CFTC regulations.
SupervisionAlertsFraud and scams
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2025-06-03•United States•U.S. Securities & Exchange Commission
SEC Chairman Paul S. Atkins, in Senate testimony, emphasized priorities on statutory mission adherence, rulemaking, and clear crypto regulations. He supported a USD 2.149 billion budget for fiscal year 2026, maintaining current funding, and highlighted operational changes, including a USD 0 Section 31 transaction fee rate. Atkins noted discussions on regional office leases and the SEC Crypto Task Force's activities, including decentralized finance roundtables.
Policy & regulationReform agendas & prioritiesOther
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2025-06-03•Egypt•Central Bank of Egypt
The Central Bank of Egypt and the Industrial and Commercial Bank of China discussed potential cooperation, including ICBC's market entry in Egypt. Talks focused on economic, financial, and trade collaboration, with options for ICBC to establish a branch or full bank presence.
Policy & regulationCooperationCross-border cooperation
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2025-06-03•Global•Financial Stability Board
The Financial Stability Board held its 2025 Roundtable on External Audit in Basel, focusing on audit quality and public confidence in financial reporting. Discussions included audit inspection findings, lessons from the 2023 banking turmoil, and the impact of technologies like AI. Participants also addressed sustainability reporting, private equity in audit firms, and accounting challenges such as IFRS 17 and expected credit loss provisioning.
Policy & regulationCooperationAuditing
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2025-06-03•United States•Office of the Comptroller of the Currency
Acting Comptroller of the Currency Rodney E. Hood outlined the Office of the Comptroller of the Currency’s regulatory agenda at the U.S. Chamber of Commerce Capital Markets Summit. Key initiatives include fostering bank-fintech partnerships, expanding bank activities in digital assets, promoting financial inclusion, and reducing regulatory burdens.
Policy & regulationReform agendas & prioritiesFintech and insurtechRegulatory burden
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2025-06-03•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority's 2024 Annual Report outlines regulatory developments, supervisory activities, and internal initiatives in the Qatari capital market. Key outputs include Insider Trading Rules, amendments to share ownership and dividend distribution rules, and a new rulebook consolidating offering and listing requirements. The report also highlights the listing of 55 government debt instruments valued at QAR 51 billion and five acquisitions totaling QAR 583 million, with a 99% compliance rate with the Corporate Governance Code.
OtherAuditing
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2025-06-03•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority (QFMA) released its 2024 annual report, detailing regulatory and market activities, including new Insider Trading Rules and share buyback controls. The report highlights the listing of 55 government debt instruments valued at QAR 51 billion and five acquisitions totaling QAR 583 million. It also notes a 99% corporate governance compliance rate for 2022 and advancements in surveillance and cybersecurity systems.
Policy & regulationRules & requirementsAuditing
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2025-06-03•Moldova•National Bank of Moldova
The National Bank of Moldova issued a public alert regarding online manipulation attempts using deepfake content to promote false financial opportunities, misrepresenting senior state officials. The bank emphasized it does not endorse any investment platforms or guarantee financial products, urging the public to rely on verified information and avoid sharing personal data with unofficial sources.
SupervisionAlertsFraud and scams
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2025-06-03•Denmark•National Bank of Denmark
The National Bank of Denmark's Financial Stability analysis highlights increased risks of financial market shocks due to the ongoing trade conflict and its impact on global growth. Denmark's economy, particularly bank lending to export-sensitive industries, may be affected if exports decline. Despite high profits in 2024, the analysis underscores the importance of robust bank liquidity and capitalisation, with stress tests showing resilience to severe recession scenarios.
SupervisionRisk monitoring & watch pointsEconomic data and developmentsFinancial stability and systemic risk
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2025-06-03•Denmark•National Bank of Denmark
The National Bank of Denmark reported a DKK 0.5 billion decrease in its foreign-exchange reserve to DKK 660.9 billion in May 2025, due to a net sale of foreign exchange and net foreign borrowing by the central government. No foreign-exchange market intervention occurred, and the central government's net financing requirement was DKK -11.8 billion. Policy rates remained unchanged since April 2025, with the discount and current-account rates at 1.85% and the lending rate at 2.00%.
Data & statisticsBalance of payments and other external statistics
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2025-06-03•Denmark•National Bank of Denmark
The National Bank of Denmark reported Danish pension savings in unit-linked products reached DKK 2,153bn at the end of Q1 2025, nearly matching average-rate products at DKK 2,154bn. This reflects a long-term shift towards unit-linked schemes, driven by stronger net contributions and favorable market performance. Since 2015, unit-linked pension savings have grown significantly due to higher net contributions and returns on financial market investments.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-03•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE and the Central Bank of Kenya have signed two Memoranda of Understanding to enhance cooperation in local currency settlements for cross-border transactions and interlink their payment and messaging systems. The agreements aim to support sustainable financial market development and explore the interconnection of instant payment systems and national card switches.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2025-06-02•Bolivia•Ministry of Finance (Bolivia)
Bolivia's Ministry of Economy and Public Finance responded to the IMF's 2025 Article IV report, disputing certain assessments and highlighting omitted positives. The ministry noted that the Plurinational Legislative Assembly blocked over USD 1.8bn in external credits, affecting foreign funding access. It reported a 24.8% external public debt of GDP as of April 2025, timely debt service, and a recovery in net international reserves to USD 2.618bn, supported by gold purchases and export incentives.
Policy & regulationInternational standards & recommendationsBalance of payments and other external statistics
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2025-06-02•Chile•Ministry of Finance (Chile)
Chile's Ministry of Finance, led by María Paz Gutiérrez, is advancing the Taxonomy of Environmentally Sustainable Economic Activities (T-MAS) with a 2025 work programme. The initiative aims to mobilize financing and mitigate greenwashing by standardizing sustainable activity identification. Implementation will be supported by sector-specific workshops, public-sector integration, a digital self-assessment platform, and a comparative analysis with the EU taxonomy.
Policy & regulationImplementation, projects & pilotsGreen taxonomy
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2025-06-02•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Markets Authority approved Saudi Arabian Mining Co.'s request to increase its share capital from SAR 38,027,858,710 to SAR 38,887,634,180 by issuing 85,977,547 ordinary shares to acquire shares in Ma’aden Aluminium Co. and Ma’aden Bauxite and Alumina Co. A shareholder circular will be published before the Extraordinary General Assembly meeting, detailing necessary information for an informed vote. The CMA emphasized that its approval confirms compliance with legal requirements but does not endorse the capital increase's feasibility.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-02•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has approved Greenstone Saudi Arabia LLC's request to amend its business profile, authorizing it to conduct Managing Investments and Operating Funds and Arranging activities in the securities business.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-02•Greece•Bank of Greece
The Bank of Greece released provisional residential property price indices for Q1 2025, showing a 6.8% year-on-year increase in nominal apartment prices across Greece. This growth is slower than the revised annual increases of 8.9% in 2024 and 13.9% in 2023. Regional price changes include a 5.5% rise in Athens and a 10.0% increase in Thessaloniki, with indices based on data from 936.2 thousand valuations by credit institutions.
Data & statisticsFinancial and market indicators
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2025-06-02•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority released the March 2025 Statistical Digest, reporting total MPF assets of HKD 1,340 billion and a record high of HKD 23.9 billion in contributions for Q1 2025. Equity and mixed assets funds, comprising nearly 80% of MPF assets, achieved average annualised net returns of 4.5% and 4.0% respectively since 2000. Default Investment Strategy holdings accounted for over 30% of MPF accounts, with notable returns since its 2017 launch.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-02•Ukraine•National Bank of Ukraine
The National Bank of Ukraine's May 2025 Business Outlook Survey shows a positive economic outlook, with the business activity expectations index rising to 50.8 from 49.4 in April. All sectors reported readings above the neutral level of 50, driven by strong consumer demand and a stable energy sector, despite challenges like intensified attacks on critical facilities and skilled worker shortages. Construction firms were most optimistic, while industry, trade, and services sectors remained positive but cautious about price and hiring trends.
Data & statisticsEconomic data and developments
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2025-06-02•Mexico•Mexico Comision Nacional Bancaria y de Valores (CNBV)
Mexico's National Banking and Securities Commission (CNBV) released its quarterly Financial Saving and Financing report, detailing figures through December 2024. The report highlights total financial saving at 92.6% of GDP, equivalent to MXN 32.7 trillion, and total financing at 95.7% of GDP, or MXN 33.8 trillion. Domestic financing to the private sector was 36.6% of GDP as of December 2024.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-06-02•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has imposed conditions on Allan Facey of MNSA Pty Ltd concerning his auditor registration due to concerns with his audit of an ASX-listed company's financial report. ASIC found potential non-compliance with Australian Auditing Standards, particularly regarding audit evidence adequacy. Facey must complete further education and have an independent auditor review his practices. Non-compliance could result in disciplinary action. The issue was initially flagged by New Zealand's Financial Markets Authority, which issued a public warning about Facey's conduct.
EnforcementInvestigations & enforcement actionsAuditing
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2025-06-02•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay and the Latin American Reserve Fund hosted the III Regional Forum on Instant Payments in Montevideo, focusing on the future of payment systems in Latin America and the Caribbean. Central Bank President Guillermo Tolosa highlighted instant payments for cost reduction, financial inclusion, and infrastructure modernization, while addressing challenges like interoperability and cybersecurity. Vice President Ana Claudia de los Heros committed to developing financial market infrastructure and strengthening regional collaboration.
Policy & regulationCooperationCross-border cooperationPayments and payment systems
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2025-06-02•South Africa•National Treasury (South Africa)
South Africa’s National Treasury outlined a policy agenda at the Financial Sector Competitiveness Lekgotla to enhance financial market competitiveness, focusing on infrastructure finance, SME funding access, and market modernisation. Key measures include revising Regulation 28 for pension fund infrastructure investment, new PPP regulations, and addressing Financial Action Task Force greylisting items. The Treasury also plans to finalize regulations for digital financial assets and stablecoins.
Policy & regulationReform agendas & prioritiesMarket developmentFinancial stability and systemic risk
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2025-06-02•Australia•Australian Securities & Investments Commission
ASIC's review found major deficiencies in managed fund compliance plans, with many entities not meeting key regulatory obligations. Assessing 50 plans for 1,471 funds, it noted poor adherence to design and distribution obligations, internal dispute resolution, and reportable situations. Some plans lacked reference to design and distribution obligations, showing no meaningful review since 2021. These entities manage 45% of registered funds and 47% of the AUD 2 trillion sector assets. ASIC urged quick remediation, contacted some entities, is investigating legal breaches, and will keep monitoring compliance quality.
SupervisionReviews, inspections & stress testsComplianceCorporate governance
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2025-06-02•Australia•Australian Securities & Investments Commission
ASIC's review of compliance plans by responsible entities of registered managed investment schemes revealed widespread poor practices and inadequate adherence to key obligations. Covering 50 entities managing 1,471 funds, it found deficiencies in reportable situations, product design and distribution, and dispute resolution. Some entities improperly relied on master compliance plans, and auditors failed to issue qualified reports. ASIC is considering regulatory actions and further investigations.
SupervisionReviews, inspections & stress testsComplianceCorporate governance
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2025-06-02•Denmark•National Bank of Denmark
The National Bank of Denmark completed the first phase of its banknote recall, with over DKK 20bn in affected notes returned by 31 May 2025, including 93% of DKK 1,000 notes. The second phase, ending 31 May 2026, requires in-person exchanges at designated locations, with unreturned notes losing face value thereafter.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2025-06-02•Rwanda•Rwanda Capital Markets Authority
The Rwanda Capital Markets Authority shared remarks from the Minister of Public Service and Labour and a CMA strategic adviser urging workers to save and invest in Rwanda’s capital market. The Minister linked personal savings to national development goals, citing Treasury bonds and the RNIT Iterambere Fund as examples. CMA Strategic Advisor Dr. James Ndahiro supported workplace savings schemes with automatic employee contributions and employer matching.
Financial literacy & educationFinancial literacy and education
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2025-06-02•Rwanda•Rwanda Capital Markets Authority
The Rwanda Capital Markets Authority and the University of Lay Adventists of Kigali hosted the Capital Market Youth Forum 2025 to promote saving and informed investment among young people. The event, themed “The Next Generation of Investors,” aimed to empower youth with financial knowledge and connect academic study with market engagement. This forum is part of a broader outreach campaign to enhance tertiary students' readiness to engage in Rwanda's capital market.
Financial literacy & educationFinancial literacy and education
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2025-06-02•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market announced its upcoming focus on modernising regulatory frameworks, enhancing the depository system, combating fraud, and aligning legislation with international standards.
Policy & regulationReform agendas & prioritiesMarket developmentFraud and scams
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2025-06-02•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank (DNB) Governor Klaas Knot highlighted the sustainability achievements of DNB's renovated headquarters, which received high-ranking BREEAM and WELL certifications. The renovation led to an estimated 80% reduction in energy use and included rigorous asbestos removal and repurposing of building modules. Knot emphasized balancing sustainability with prudent public spending, along with improvements in wellbeing and public access.
Institutional developmentOtherClimate risk and sustainable finance
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2025-06-02•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets published a paper on digitalisation's impact on the credit-lending sector by 2035, focusing on mortgage and consumer credit. It highlights opportunities for consumers and emerging risks related to consumer protection, conduct supervision, and privacy. The paper calls for dialogue on issues like instant credit, exclusion risks, and integrating technological trends with existing regulations.
ResearchFintech and insurtechConsumer and investor protection
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2025-06-02•Indonesia•OJK
Indonesia's Financial Services Authority (OJK) reported the financial sector's stability amid global volatility, with 8.88% credit growth year-on-year and a 200.35% liquidity coverage ratio. OJK has blocked accounts linked to online gambling and issued fines for capital market breaches. Recent measures include rules for dematerialising equity securities and draft instruments on governance and risk management for financial technology providers.
SupervisionSupervision approach, priorities & toolkitFinancial stability and systemic riskMarket risk and volatility
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2025-06-02•Barbados•Barbados Financial Services Commission
The Barbados Financial Services Commission has launched a global public consultation on potential enhancements to the regulatory and administrative framework for captive insurance in Barbados, aimed at supporting captive formation and management. The consultation targets input from existing and prospective captive owners and managers, insurance professionals, advisers, and industry associations.
Policy & regulationReform agendas & prioritiesMarket development
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2025-06-02•Portugal•Portuguese Insurance Regulator (ASF)
Portugal's Insurance and Pension Funds Supervisory Authority (ASF) released its semiannual Complaints Management Report for the latter half of 2024, noting a 4% decrease in complaints to insurers and pension fund managers, totaling 12,928. Non-life insurance dominated complaints, particularly motor insurance, with claims handling as the most common issue. Of the complaints handled by ASF, 68% were claims-related, with 29% resulting in outcomes favorable to complainants.
SupervisionRisk monitoring & watch pointsComplaints and dispute resolution
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2025-06-02•Portugal•Bank of Portugal
The Bank of Portugal reported that public debt on a Maastricht basis rose by EUR 2.6 billion in April 2025, reaching EUR 280.9 billion. This increase was driven by higher debt securities and savings certificates, partially offset by declines in loans and Treasury certificates. Public administrations’ deposit assets increased by EUR 1.6 billion, resulting in a net public debt rise of EUR 1.0 billion to EUR 260.4 billion.
Data & statisticsBalance of payments and other external statistics
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2025-06-02•Sweden•Riksbank
Sveriges Riksbank Governor Erik Thedéen highlighted the Bank's transparent monetary policy communication to improve understanding of its reaction function and address uncertainty. Starting 2024, the Riksbank will hold eight annual monetary policy meetings, with four featuring Monetary Policy Reports and four with Updates, plus more verbal guidance. Recent changes include clearer rate guidance distinctions and alternative scenarios in reports to illustrate risks and uncertainties.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
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2025-06-02•Sweden•Riksbank
The Swedish National Debt Office and Riksbank propose a joint approach for temporary liquidity support to banks in resolution, stressing that owners and creditors, not taxpayers, should finance the bank. This includes issuing guarantees for market funding, granting credit, and potentially providing emergency liquidity assistance, financed through a resolution reserve and additional borrowing capacity. Terms will be determined case by case to ensure market discipline and compliance with state aid rules and EU monetary financing prohibitions.
Policy & regulationCooperationRecovery and resolution
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2025-06-02•Slovenia•Slovenia Insurance Supervision Agency
The Slovenia Insurance Supervision Agency released a review of insurance supervision and market developments from 2000 to 2025, highlighting regulatory milestones and market growth. Key developments include alignment with EU rules, Solvency II, and the Insurance Distribution Directive, alongside recent ESG guidance and climate risk focus. The review anticipates the Digital Operational Resilience Act and other frameworks from 2024, with Gorazd Čibej confirmed for a new six-year term as director.
SupervisionSupervision approach, priorities & toolkitOther
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2025-06-02•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission secured court orders mandating former Combest Holdings Limited executives to fund a record compensation scheme for shareholders and imposing lengthy disqualifications for misconduct. Ng Kwok Fai, Liu Tin Lap, and Lee Man To will pay approximately HKD 192 million for redistribution as special dividends, with disqualifications ranging from eight to twelve years. The SFC's investigation revealed orchestrated overvaluations and fictitious transactions by the trio, with an administrator appointed to oversee the compensation distribution.
EnforcementInvestigations & enforcement actionsCorporate governance
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2025-06-02•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has updated its frequently asked questions on the licensing process, incorporating changes from the Financial Accountability Regime and removing redundant commentary from its information paper on new entrants.
Policy & regulationGuidance & interpretationLicensing framework and process
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2025-06-02•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 reported continued expansion in the banking sector's balance sheet as of 1 May 2025, with assets rising 1.0% in April to KZT 62.6 trillion. Loan portfolios increased by 1.5% to KZT 37.2 trillion, driven by a 2.0% rise in loans to the economy. Despite a 3.3% decline in equity capital, the sector maintained stable asset quality with a non-performing loan ratio of 3.4% and strong capital adequacy ratios.
Data & statisticsLendingPrudential risks
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2025-06-02•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's financial regulator reported a 3.9% asset increase in the insurance sector to KZT 3.3 trillion in April 2025, with premiums up 24.8% year to date at KZT 543.6 billion. Securities comprised 72% of assets, while liabilities rose 4.6% to KZT 2.4 trillion, driven by higher insurance reserves. The sector saw a 28.1% rise in insurance contracts to 8.2 million, with claims payments totaling KZT 131.9 billion year to date, up 37.6%.
Data & statisticsOther
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2025-06-02•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency reported a 2.1% decline in equity market capitalisation to KZT 31.1 trillion in April 2025, with the KASE Index down 0.6% to 5,622.10 points. Despite this, equity trading volume surged 2.5 times to KZT 48.2 billion, driven by increased activity in Bank CenterCredit, Kcell, and Halyk Bank shares. Corporate bond trading volume rose significantly, while government securities trading decreased by 17.1% to KZT 791.1 billion.
Data & statisticsFinancial and market indicatorsMarket development
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2025-06-02•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 reported a 5.2% growth in microfinance sector assets in Q1 2025, reaching KZT 3.2 trillion, driven by loan portfolio expansion. Non-performing loans over 90 days increased to 5.2% from 4.6% at the start of the year. Microfinance organisations held the largest asset share, with significant growth in microcredits to individuals and business entities.
Data & statisticsLendingAsset quality
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2025-06-02•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 reported a 21.4% rise in borrower complaints about fraud and loan arrears in April 2025, leading to five recommendation-based measures and two administrative sanctions totaling KZT 1.966 million. Banks received four recommendation-based measures and one sanction of KZT 1.573 million. The update also highlighted the Mortgage Housing Loan Refinancing Programme, which refinanced 32,800 mortgages and converted 15,800 foreign-currency loans, with support measures until the end of 2025.
SupervisionInterventionsLending
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2025-06-02•Cyprus•Cyprus Securities and Exchange Commission
CySEC is assessing allegations linking Cyprus-based forex companies to Latin American drug cartels, gathering data before deciding on further investigation. CySEC emphasized its supervisory role under EU regulations, enforcing compliance through penalties. It noted cooperation with European and international bodies, including ESMA, EBA, AMLA, and FATF.
SupervisionRisk monitoring & watch pointsAML and CFTForeign exchange policy and markets
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2025-06-02•Belgium•National Bank of Belgium
The National Bank of Belgium's Business Echo discussions reveal deteriorating economic conditions, with firms revising growth expectations downward amid US tariff uncertainty and slowing consumer spending. Competitive pressure keeps sales prices steady despite rising energy costs. Investment activity has slowed due to heightened uncertainty and regulatory concerns, prompting some firms to consider regional diversification outside Europe.
ResearchEconomic data and developments
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2025-06-02•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria's Governor, Dimitar Radev, met with IMF Managing Director Kristalina Georgieva to discuss Bulgaria's progress toward euro area membership. Georgieva noted Bulgaria's de facto euro area status since 1997 and highlighted the economic benefits of formal adoption. Radev emphasized the strategic opportunity for competitiveness and the importance of macroeconomic policy and structural reforms.
Policy & regulationCooperationOther
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2025-06-02•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria's quarterly Economic Review highlights early-2025 signs of slowing global growth and a likely moderation in Bulgaria's GDP growth following a strong end to 2024. Inflation accelerated to 4.0% in March 2025, driven by rising food and service prices, while household deposits continued to grow strongly. Despite a pause in household credit growth, employment rose, supported by services and construction sectors.
ResearchEconomic data and developments
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2025-06-02•Türkiye•Banking Regulation and Supervision Agency
Turkey's Banking Regulation and Supervision Agency released its Banking Sector Monthly Bulletin for April 2025, detailing supervisory financial information from institutions under the Banking Law. The bulletin aims to enhance transparency and public disclosure.
Data & statisticsSupervisory data
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2025-06-02•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Superintendency of Banks of the Dominican Republic reported a 10.5% year-on-year increase in the financial system's total assets, reaching DOP 3.92 trillion by March 2025. The gross loan portfolio rose by 11.2% to DOP 2.24 trillion, with notable growth in consumer credit through personal credit cards. Past-due loans increased significantly, raising the delinquency ratio to 1.75%, while provisions covered 3.3% of the total loan portfolio.
Data & statisticsActivity and performance reporting
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2025-06-02•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam's 2024 Annual and Financial Stability Reports confirm financial system stability, supported by strong buffers and liquidity. They highlight 4.2% economic growth, a 0.4% inflation decline, and measures to enhance liquidity risk management and cybersecurity. Total financial system assets rose 5.4% to BND25.2 billion, with increased loans driven by business credit in services, telecommunications, and agriculture.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic riskFinancial and market indicators
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2025-06-02•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam's 2024 reports highlight a stable financial system with a 5.4% asset increase to BND25.2 billion and improved credit quality. Economic growth was 4.2% with a 0.4% inflation decline, supported by government measures. Key initiatives included enhancing bank liquidity risk management, customer due diligence, and cybersecurity, alongside regional activities like the Brunei Darussalam Islamic Finance Symposium and ASEAN Taxonomy Version 3 launch.
Policy & regulationImplementation, projects & pilotsFinancial stability and systemic riskFinancial and market indicators
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2025-06-02•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam released its Annual Report 2024.
Data & statisticsActivity and performance reporting
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2025-06-02•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam released its Financial Stability Report 2024.
ResearchFinancial stability and systemic risk
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2025-06-02•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines (BSP) held a two-day Economic and Financial Learning Program in Bacolod City, engaging over 1,700 students and educators. The sessions focused on the BSP's economic role, its influence on inflation, interest rates, and growth, and their impact on personal financial decisions. The curriculum also covered saving, borrowing, investment basics, and government instruments like Retail Treasury Bonds and Treasury Bills.
Financial literacy & educationFinancial literacy and education
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2025-06-02•Brunei Darussalam•Central Bank of Brunei Darussalam
The Central Bank of Brunei Darussalam released its Financial Stability Report 2024.
Monetary policyMonetary policy assessments & outlooksFinancial stability and systemic risk
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2025-06-02•United Arab Emirates•National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC)
The United Arab Emirates National Anti-Money Laundering Committee presented the country’s AI and digital innovation initiatives at the Eurasian Group’s 42nd plenary and a joint regional forum. Discussions focused on technology-related financial crime risks, regulatory responses and cooperation between the Eurasian and Middle East and North Africa regions.
Policy & regulationCooperationAML and CFTArtificial intelligence
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2025-06-02•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) launched Public Consultation SDM 01/25 to reform material fact disclosure rules and issued Resolution CVM 228, delaying portability rule changes to 2026. The CVM also released circular letters on auditor expectations and FIAGRO policies, published the second TOP Book on investment analysis, and highlighted FIAGRO and CRA activity in its Q1 2025 Agribusiness Bulletin. Enforcement actions included alerts against CFI Financial Group and Lunify Payments, with sanctions for market manipulation and the launch of the LEAP lab and ETF Connect Brazil-China programme.
Policy & regulationRules & requirementsOther
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2025-06-02•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) will hold a public judgment session on 3 June to address alleged audit irregularities in the Osasco Properties Private Equity Investment Fund's financial statements. The session will evaluate the potential responsibility of BDO RCS Auditores Independentes SS and Alfredo Ferreira Marques Filho. It will be conducted in person and via videoconference, with electronic voting if the accused do not participate.
EnforcementInvestigations & enforcement actionsAuditing
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2025-06-02•Brazil•Brazil Securities Commission (CVM)
Brazil’s Securities Commission (CVM) will verify compliance of Ombudsman Reports with CVM Resolution 43 starting in the second half of 2025. The Superintendence of Investor Guidance and Sustainable Finance (SOI) will semiannually select a supervisory sample from capital markets participants using predefined criteria. Selected participants will be notified and required to submit the semiannual report as per Article 12, Annex A of CVM Resolution 43.
SupervisionReviews, inspections & stress testsComplaints and dispute resolution
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2025-06-02•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority highlighted its role in two Astana International Forum panels, emphasizing the Astana International Financial Centre's (AIFC) position as a regulated digital asset ecosystem with a Q1 2025 trading volume of USD 1.7 billion. The AIFC's digital asset strategy includes a FinTech Sandbox and a crypto-fiat gateway pilot, hosting platforms like Binance and Bitfinex. Discussions covered digital currencies' evolution, implications for monetary policy, and blockchain's potential in cross-border payments.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-06-02•Azerbaijan•Central Bank of the Republic of Azerbaijan
First Deputy Governor Aliyar Mammadyarov of the Central Bank of Azerbaijan attended a conference in Georgia on the global financial system's impact on monetary policy. He stressed strategic agility, institutional resilience, and regional coordination for sustainable development. The event, marking the 30th anniversary of Georgia's currency, included over 300 delegates from 30+ countries.
Other
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2025-06-02•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has approved Maynilad Water Services, Inc's initial public offering, subject to compliance with remaining requirements. The offering includes 1,660,317,400 common shares at up to PHP 20 per share, with an overallotment option and preferential offer potentially netting Maynilad up to PHP 37.41 billion. BPI Capital Corporation, HSBC, Morgan Stanley Asia, and UBS AG are appointed as joint global coordinators and bookrunners.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-06-02•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission approved Macodimarc Technology Corporation (Pluang PH) and G-Xchange, Inc. (GCash) to pilot their platforms in the SEC Strategic Sandbox (StratBox). Pluang PH will test a mobile app for trading U.S. securities, while GCash will trial GStocks Global for global stock market access. StratBox allows regulatory relief during testing, with Pluang PH's trial lasting six months and GCash's for 24 months.
SupervisionInnovation & testingFintech and insurtechRegulatory sandbox
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2025-06-02•Nigeria•Nigeria National Insurance Commission
Nigeria's National Insurance Commission issued a public notice regarding African Alliance Insurance Plc, advising stakeholders and policyholders to review the document for updates and directives.
SupervisionAlertsOther
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2025-06-02•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria released its May 2025 Inflation Expectations Survey Report, highlighting perceptions of current inflation and future expectations. Most respondents viewed current inflation as high, with 50.8% expecting it to remain unchanged next month. Energy costs, exchange rates, and transportation were identified as key inflation drivers, while spending is anticipated to rise in the short term.
Data & statisticsEconomic data and developments
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2025-06-02•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's May 2025 Business Expectations Survey shows optimism among firms about the macroeconomic outlook, with a Confidence Index of 18.7 projected to rise to 41.1 in six months. Agriculture led sector sentiment at 23.2 index points, while regional optimism varied, with the North-East highest at 36.2 and the South-East lowest at 2.3 due to insecurity. Firms anticipate NGN appreciation against USD, higher borrowing rates, and cite insecurity, high interest rates, and taxes as key constraints.
Data & statisticsEconomic data and developments
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2025-06-02•Nigeria•Central Bank of Nigeria
The Central Bank of Nigeria's May 2025 Purchasing Managers’ Index (PMI) report indicates a composite PMI of 52.1, marking a sixth consecutive month of economic expansion. All sector indices—Industry, Services, and Agriculture—showed growth, with Output, New Orders, and Employment indices at 52.5, 52.7, and 51.1, respectively. Among 36 subsectors, 20 expanded, led by Petroleum & Coal Products, while Paper Product experienced the steepest decline.
Data & statisticsEconomic data and developments
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2025-06-02•Canada•Financial Transactions and Reports Analysis Centre of Canada
The Alberta Securities Commission finalized a Settlement Agreement with Michael Baron for breaches of Alberta securities laws related to market manipulation of Softlab9 Software Solutions Inc. shares. Baron admitted to coordinated trading in 2020, resulting in a CAD 50,000 penalty and a four-year prohibition from certain securities activities. The settlement acknowledges Baron's lesser role compared to other respondents, with ongoing proceedings against them.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-06-02•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority (Finansinspektionen) added 32 names to its consumer warning list, identifying them as scammers offering fake loans and investments. It emphasized that legitimate lenders do not require advance fees and advised consumers to verify firms through its register and the International Organization of Securities Commissions’ I-SCAN database.
SupervisionAlertsSanctions list update
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2025-06-02•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority (Finansinspektionen) will analyze digital operational resilience among 50 Swedish financial firms, focusing on their implementation of the EU Digital Operational Resilience Act (DORA). This 2025 priority aims to assess firms' capabilities in managing ICT risks, incident reporting, resilience testing, and third-party risk management. The analysis will proceed in three stages throughout 2025 using separate questionnaires.
SupervisionReviews, inspections & stress testsOperational risk and resilience
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2025-06-02•Canada•Office of the Superintendent of Financial Institutions
Canada's Office of the Superintendent of Financial Institutions has begun the peer review for the 32nd Actuarial Report on the Canada Pension Plan, expected in December 2025. The review ensures adherence to professional standards and methodologies. Recruitment for the external peer review panel is underway, seeking Fellows of the Canadian Institute of Actuaries and possibly one actuary from another association.
Policy & regulationPeer reviews and country evaluationsAuditing
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2025-06-02•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) issued guidance to provide regulatory relief for FDIC-supervised institutions in Oklahoma affected by wildfires and winds. Measures include loan accommodations, potential flexibility in reporting requirements, and expedited requests for temporary banking facilities. Community development activities supporting recovery may receive favorable Community Reinvestment Act consideration.
Policy & regulationGuidance & interpretationOther
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2025-06-02•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation issued guidance for FDIC-supervised institutions in Missouri affected by severe weather, encouraging prudent loan accommodations and potential Community Reinvestment Act credit for disaster-recovery activities. Relief measures apply to specified counties following a federal disaster declaration, with flexibility in reporting and publishing obligations. Institutions should stabilize municipal securities and loans, notify the FDIC of reporting delays, and expedite requests for temporary banking facilities.
Policy & regulationGuidance & interpretationOther
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2025-06-02•United States•Federal Deposit Insurance Corporation
The FDIC issued guidance for regulatory relief to support institutions in Kentucky affected by severe weather. This includes encouraging borrower engagement, favorable Community Reinvestment Act consideration, and flexibility in reporting and branch actions. It also allows expedited processing of temporary banking facilities and modifications to the rescission period for certain loans under Regulation Z.
Policy & regulationGuidance & interpretationOther
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2025-06-02•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation issued guidance for regulatory relief and supervisory flexibility to aid recovery in Mississippi areas affected by severe weather and a FEMA disaster declaration. The guidance supports maintaining banking access, borrower assistance, and prudent loan adjustments, encouraging institutions to evaluate loan modifications under relevant accounting standards. It also highlights potential relief from certain filing requirements and expedited processing for temporary banking facilities.
Policy & regulationGuidance & interpretationOther
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2025-06-02•United States•Federal Deposit Insurance Corporation
The FDIC issued guidance for regulatory relief to support recovery in Texas counties hit by storms and flooding. It encourages FDIC-supervised institutions to adjust loan terms and offers favorable Community Reinvestment Act consideration for disaster recovery. The FDIC will expedite requests for temporary banking facilities and consider relief for certain reporting requirements, noting potential expansions of the federal disaster declaration.
Policy & regulationGuidance & interpretationOther
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2025-06-02•United States•Federal Deposit Insurance Corporation
The FDIC has issued guidance offering regulatory relief for institutions in Arkansas counties hit by storms and tornadoes. It encourages engagement with borrowers and allows flexibility in loan adjustments, disaster-recovery lending, and reporting. It also highlights the option for consumers to waive the three-day rescission period under Regulation Z in emergencies.
Policy & regulationGuidance & interpretationOther
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2025-06-02•United States•Federal Deposit Insurance Corporation
The FDIC issued guidance providing regulatory relief to institutions in Kentucky counties hit by natural disasters. It encourages borrower engagement, operational flexibilities, expedited facility approvals, and highlights Community Reinvestment Act benefits for recovery efforts, advising on municipal exposures and loan modifications.
Policy & regulationGuidance & interpretationOther
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2025-06-02•United States•Federal Reserve Board
The Federal Reserve Board approved Crown Agents Bank Limited's application to establish a representative office in New York. The release was updated to specify it pertains to a single representative office.
SupervisionAuthorisations & approvalsLicence approval
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2025-06-02•Vietnam•State Bank of Vietnam
The State Bank of Vietnam launched the 2025 Cashless Day programme, highlighting significant growth in non-cash payments and infrastructure developments. Non-cash payment transactions increased 44.43% year-on-year by volume in Q1 2025, with notable rises in internet, mobile, and QR code channels. The update also covered legal advancements, including the revised Law on Credit Institutions and ongoing work on decrees for cashless payments.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-06-02•Vietnam•State Bank of Vietnam
The State Bank of Vietnam Region 13 has instructed commercial bank branches to enhance controls and accountability to prevent breaches of foreign exchange rules. Banks must update and implement foreign exchange regulations, adhere to internal controls, and ensure proper transaction documentation. The directive also emphasizes staff training, strict action against illegal trading, and improved communication with agents and customers.
Policy & regulationGuidance & interpretationForeign exchange policy and markets
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2025-06-02•Vietnam•State Bank of Vietnam
The State Bank of Vietnam announced measures to prioritize bank credit for social housing, including a new preferential loan framework for homebuyers under 35. Nine commercial banks have committed to a total lending limit of VND 145 trillion, with interest rates reduced to 6.6% for developers and 6.1% for buyers. The central bank identified limited social housing supply as a key constraint and urged ministries and local governments to implement supportive measures under Resolution 201.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-06-02•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission appointed Paul G. Hayeck as Acting Director of the Division of Enforcement, while he continues as acting chief of the Complex Fraud Task Force. Hayeck, with 25 years at the CFTC, has extensive experience in litigation on Commodity Exchange Act violations, notably in energy trading cases.
Institutional developmentLeadership change & appointments
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2025-06-02•Canada•Canadian Bankers Association
The Canadian Bankers Association updated its Fraud Prevention Toolkit for Older Adults, adding guidance on AI-driven impersonation fraud and a scam reporting guide. Developed with Get Cyber Safe, it addresses common scam channels and directs victims to law enforcement and the Canadian Anti-Fraud Centre. The CBA also promotes financial abuse resources and continues its Your Money Seniors seminar program with the Financial Consumer Agency of Canada.
Financial literacy & educationConsumer and investor protectionFinancial literacy and education
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2025-06-02•Canada•British Columbia Financial Services Authority
The British Columbia Financial Services Authority (BCFSA) will replace the Mortgage Brokers Act with the Mortgage Services Act to address modern mortgage market complexities. A Technical Working Group will aid implementation, focusing on guidance and education while coordinating with the Mortgage Broker Regulators’ Council of Canada to reduce regulatory duplication. CEO Tolga Yalkin emphasized enforcement on issues like unlicensed activity and fraud, and outlined fee-setting principles to align with regulatory costs and risk profiles.
Policy & regulationRules & requirements
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2025-06-02•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission has appointed Natalia Díez Riggin as Senior Advisor and Director of the Office of Legislative and Intergovernmental Affairs. Riggin, who previously served in various roles on the U.S. Senate Committee on Banking, Housing, and Urban Affairs, will lead the SEC’s congressional and intergovernmental engagement.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-06-02•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency (OCC) released Community Reinvestment Act (CRA) performance evaluations for 18 national banks and federal savings associations for May 2025. Four institutions received an outstanding rating, while the rest were rated satisfactory. The OCC also maintains a searchable list of CRA evaluations and publishes upcoming compliance examination schedules.
SupervisionReviews, inspections & stress testsOther
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2025-06-02•Canada•Alberta Securities Commission
The Alberta Securities Commission (ASC) reached a settlement with Michael Baron over market manipulation involving Softlab9 Software Solutions Inc. shares. Baron admitted to actions that could create misleading trading activity and agreed to pay CAD 50,000, resign from director/officer roles, and face a four-year prohibition on certain securities activities. Proceedings against other respondents have been adjourned.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-06-02•Malta•Malta Financial Services Authority
The Malta Financial Services Authority hosted a conference on asset management, focusing on innovation, regulatory oversight, and market stability amid evolving EU rules. Discussions included digital assets, EU regulatory developments, and macroprudential supervision of investment funds. MFSA emphasized the need for innovation to be supported by sound governance and appropriate oversight.
SupervisionSupervision approach, priorities & toolkit
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2025-06-02•Maldives•Maldives Monetary Authority
The Maldives Monetary Authority clarified its banking licence issuance framework under the Maldives Banking Act, addressing misleading media reports. The process involves three stages: information provision, application evaluation, and licence granting, assessing financial capability, capital source, and management fitness. Conditional approval requires meeting pre-operational requirements, and reapplications are treated as new submissions without a cooling-off period.
Policy & regulationGuidance & interpretationLicensing framework and process
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2025-06-02•Canada•Canadian Bankers Association
The Canadian Bankers Association updated its Fraud Prevention Toolkit for Older Adults, focusing on identifying and reporting financial scams, with new guidance on AI-enabled impersonation and protecting personal information. The toolkit includes a reporting guide and promotes resources on financial abuse, while the CBA continues offering the "Your Money Seniors" seminar program with the Financial Consumer Agency of Canada.
Financial literacy & educationConsumer and investor protectionFinancial literacy and education
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2025-06-02•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority updated its licensing process FAQs to include changes from the Financial Accountability Regime and removed redundant commentary found in its information paper on new entrants.
Policy & regulationGuidance & interpretationLicensing framework and process
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2025-06-02•Asia•Eurasian Group (EAG)
The Eurasian Group published the outcomes of its IV parliamentary forum, where participants approved a declaration calling for legal reforms ahead of the third round of mutual evaluations and implementation of updated FATF standards. The declaration prioritizes stronger cross-border asset recovery tools, confiscation frameworks and tighter regulation of virtual assets to limit their use for laundering criminal proceeds.
Policy & regulationInternational standards & recommendationsAML and CFTSupervision process and methodologies
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2025-06-02•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance, led by Superintendent Guillermo Plate, met with Thomas E. Workman of the U.S. Financial Stability Oversight Council to discuss insurance-sector challenges and reform priorities. Plate emphasized deregulation efforts to enhance market dynamism, while Workman highlighted the need for clear, durable rules supporting innovation and policyholder protection. The meeting was part of the Superintendency's international agenda to strengthen global regulatory ties.
Policy & regulationCooperationCross-border cooperation
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2025-06-02•India•Securities & Exchange Board of India
The Securities and Exchange Board of India (SEBI) and the Investor Education and Protection Fund Authority (IEPFA) launched the first Niveshak Shivir in Pune to assist shareholders in reclaiming unpaid dividends and unclaimed shares. The event, attended by over 450 investors, provided comprehensive support for claims, KYC updates, and claim processing. SEBI and IEPFA plan to expand these initiatives to other cities based on the pilot's outcomes.
Financial literacy & educationConsumer and investor protection
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2025-06-02•Caribbean•Caribbean Financial Action Task Force (CFATF)
The Caribbean Financial Action Task Force published an update on pre-assessment training with Jamaica’s public and private sectors ahead of the country’s fifth round mutual evaluation. The June 18 to 20, 2025 program covers technical compliance, effectiveness, and requirements for financial institutions, virtual asset service providers and non-profit organizations, alongside mock interviews on IOs 1 and 3. It also stresses the need for effective public-private cooperation and coordination.
Policy & regulationImplementation, projects & pilotsAML and CFTSupervision process and methodologies