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2025-05-27•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic left its May 2025 monetary policy rate unchanged at 5.75%, with the one-day repo rate at 6.25% and the overnight deposit rate at 4.50%, citing persistent global uncertainty, elevated United States interest rates and domestic inflation remaining within the 4.0% ± 1.0% target range. Headline inflation stood at 3.71% in April 2025 and core inflation at 4.13%, both projected to remain within target in 2025 and 2026, while the central bank expects 2025 growth of around 3.5%-4.0% and reported international reserves above USD14.7 billion.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2025-05-27•Europe•European Central Bank
The European Central Bank's weekly financial statement for 23 May 2025 reports a balance sheet total of EUR 6,293,998 million, an increase of EUR 2,324 million from the previous week. Key changes include a decrease in securities held for monetary policy purposes by EUR 3,464 million and an increase in lending to euro area credit institutions by EUR 760 million. Banknotes in circulation rose by EUR 133 million, while monetary policy-related liabilities decreased by EUR 6,549 million.
Data & statisticsBalance of payments and other external statistics
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2025-05-27•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) reported BRL 105.37 billion collected in the first quarter of 2025, marking a nominal growth of 2.35% but a real decline of 2.77% compared to the same period in 2024. Non-life and personal insurance excluding VGBL collected BRL 52.24 billion, with motor insurance accounting for 41% of non-life collections. Technical provisions reached BRL 1.88 trillion, representing 15.73% of GDP, with an 11.91% nominal increase from March 2024.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-05-27•Europe•European Central Bank
The European Central Bank's research article examines how banks create privately supplied safe assets through securitisation and its implications for financial stability. It notes that increased demand for safety can lead banks to securitise more and relax borrower screening, potentially undermining financial stability and economic activity. The article suggests loan risk retention requirements, calibrated to safe asset scarcity, as a policy tool to address these issues, contrasting them with less effective capital requirements.
ResearchSecuritization
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2025-05-27•Europe•European Central Bank
European Central Bank Vice-President Luis de Guindos highlighted increased global economic uncertainty due to US tariff policy changes, identifying risks like elevated market valuations, weakening growth, and rising fiscal pressures. He noted significant growth and supervision challenges in the non-bank sector, particularly hedge funds. De Guindos also mentioned efforts to simplify euro area banking regulation and reporting, with a Eurosystem task force developing proposals for a simpler capital structure and streamlined reporting.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic riskMarket risk and volatility
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2025-05-27•South Africa•South African Reserve Bank
The South African Reserve Bank reported a 1.1% increase in the composite leading indicator for March 2025, driven by gains in real M1 money supply, residential building plans, job advertisements, commodity prices, and interest rate spreads. However, the composite coincident and lagging indicators decreased by 0.5% and 0.8% in February 2025, due to declines in trade sales, industrial production, and manufacturing capacity utilisation. The indicators are subject to revision based on updates to underlying data.
Data & statisticsEconomic data and developments
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2025-05-27•Global•Sustainable Banking and Finance Network
The Sustainable Banking and Finance Network (SBFN) announced the Banks Association of Bosnia and Herzegovina (BABiH) as its newest member, expanding its regional presence. BABiH, representing 21 commercial and two development banks, partnered with the International Finance Corporation (IFC) to develop ESG guidelines. SBFN and IFC will support BABiH in creating a national sustainable finance roadmap, bringing SBFN's membership to 98 across 72 countries.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-05-27•Global•Sustainable Banking and Finance Network
The Sustainable Banking and Finance Network (SBFN) announced the Moldovan Banks Association (ABM) as its 100th member, expanding its network to 100 organizations across 72 countries. ABM, a nonprofit banking-sector association in Moldova, is actively involved in sustainable finance initiatives, including participation in training programs and Moldova's interagency steering committee on climate finance.
Policy & regulationCooperationESG
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2025-05-27•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued a memorandum emphasizing Negative Media Report screening in Customer Due Diligence for BSP-supervised financial institutions. Institutions must update risk assessments, maintain NMR sources, and apply screening to beneficial owners and significant transactions. Actions based on investigation outcomes may include enhanced monitoring, account management measures, and filing suspicious transaction reports.
Policy & regulationGuidance & interpretationAML and CFT
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2025-05-27•Sint Maarten & Curacao•Central Bank of Sint Maarten & Curacao
The Central Bank of Curaçao and Sint Maarten initiated disciplinary proceedings in the Netherlands against two former auditors of SunResorts Ltd. N.V. The Dutch Auditor’s Office in Zwolle found the auditors violated principles of professionalism and due diligence, resulting in their temporary removal from the professional register.
EnforcementInvestigations & enforcement actionsAuditing
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2025-05-27•Aruba•Central Bank of Aruba
The Central Bank of Aruba announced the liberalisation of capital movements by introducing a general foreign exchange licence for all incoming transfers by residents from foreign bank accounts, effective 1 June 2025. The revised policy will limit the existing decision to outgoing transfers to registered foreign bank accounts from local foreign exchange banks.
Policy & regulationRules & requirementsCross-border payments
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2025-05-27•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) reported a 5.6% increase in consumer complaints in 2024, totaling 113,537, with Italian insurers seeing a 5.8% rise and foreign insurers a 4.3% rise. The increase was largely due to complaints in non-life lines related to 2023 weather events, affecting settlement processes. IVASS provided detailed documentation and interactive tables for comparing complaints across insurers.
Data & statisticsComplaints and dispute resolution
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2025-05-27•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) accepted a settlement with Alberto Mario Griselli, involving a payment of BRL 131,058.28, in Administrative Process CVM 19957.008687/2024-36. The case concerns Griselli's alleged trading in TIM S.A. shares before the disclosure of the company's first-quarter 2024 Quarterly Information Form, potentially breaching Article 14 of CVM Resolution 44. The settlement was recommended by the Commitment Term Committee and found legally unobstructed by the CVM’s Federal Specialized Attorney’s Office.
EnforcementInvestigations & enforcement actions
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2025-05-27•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) fined an audit firm, two individuals, and an asset manager with its director for regulatory breaches. Guimarães & Associados was fined BRL 25,000 for non-compliance with education requirements. Celso and Paulo Vieira were fined BRL 402,500 each for creating artificial market conditions. Interativa Investimentos and Jorge Farah Elias faced fines of BRL 400,000 and BRL 200,000 for lack of diligence in managing credit assets. Appeals with suspensive effect are possible to the National Financial System Appeals Council.
EnforcementInvestigations & enforcement actionsAuditing
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2025-05-27•Serbia•National Bank of Serbia
The National Bank of Serbia and the World Bank held a workshop in Belgrade on the technical and legal requirements for Serbian banks to access Single Euro Payments Area (SEPA) schemes. This aligns with Serbia's payment service reforms and infrastructure, including the DinaCard and IPS NBS systems. The programme covered SEPA Credit Transfer, Instant, and Direct Debit processes, with operational readiness for Serbian providers anticipated by May 2026.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-05-27•Serbia•National Bank of Serbia
Governor Jorgovanka Tabaković of the National Bank of Serbia emphasized a merit-based approach to gender equality, advocating for promotions based on professional qualities rather than quotas. She highlighted the predominance of women in key positions at the bank, including Governor and Vice-Governor roles, and noted its seventh-place ranking in OMFIF’s 2025 Gender Equality Index. The speech underscored the central bank's commitment to stability as its primary mandate.
Policy & regulationGuidance & interpretationDiversity and inclusion
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2025-05-27•Serbia•National Bank of Serbia
National Bank of Serbia Governor Jorgovanka Tabaković announced Serbia's accession to the Single Euro Payments Area (SEPA), marking a new stage of integration with the EU. This follows reforms aligning Serbia's payment services with EU standards, including the Second Payment Services Directive (PSD2). The Governor emphasized the enhanced role of Serbia's real-time instant payments system, IPS NBS, and new responsibilities for payment service providers within SEPA.
Policy & regulationRules & requirementsCross-border cooperationPayments and payment systems
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2025-05-27•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan conducted a four-day training programme at Azerbaijan State University of Economics on financial technologies and digital transformation to enhance financial literacy in higher education. The programme covered topics such as data-driven economic management, digital financial products, and cybersecurity, with certificates awarded to over 30 participating students.
Financial literacy & educationFinancial literacy and educationRegtech and suptech
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2025-05-27•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan and Kazakhstan’s Financial Market Regulation and Development Agency have signed a memorandum of understanding to enhance cooperation on financial market regulation and supervision. The agreement includes information exchange on market developments, regulatory standards, and innovation, as well as collaboration on consumer protection and staff development through training and joint research.
Policy & regulationCooperationCross-border cooperation
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2025-05-27•Azerbaijan•Central Bank of the Republic of Azerbaijan
Governor Taleh Kazimov of the Central Bank of Azerbaijan attended the inaugural meeting of the Council of Central Banks of the Organization of Turkic States, discussing Azerbaijan's economic trends and monetary policy. Central bank leaders from Kazakhstan, the Kyrgyz Republic, Türkiye, Uzbekistan, and Hungary focused on financial technologies and digital currency development. The Council, an advisory body, will next meet in Baku.
Policy & regulationCooperationCross-border cooperation
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2025-05-27•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission announced the removal of five individuals and entities from the UK Zimbabwe financial sanctions regime, lifting their asset freeze. The updated consolidated list reflects these changes, implemented under the Sanctions (Bailiwick of Guernsey) Law, 2018.
EnforcementSanctions & designationsSanctions list update
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2025-05-27•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation (GLEIF) has launched the Global Partners Program to accelerate the adoption of the Legal Entity Identifier (LEI) and verifiable LEI (vLEI) by uniting data vendors, financial institutions, corporates, and technology leaders. The program offers global exposure, strategic insights, and opportunities for showcasing LEI and vLEI solutions, with participation open and free.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-05-27•Canada•Ontario Securities Commission
The Ontario Securities Commission’s Investor Advisory Panel released its 2024 Annual Report, emphasizing the need for enhanced investor protection amid evolving retail investing trends. Key concerns include risks for DIY investors, crypto asset interest, and transparency issues in private markets. Recommendations include improving disclosure, addressing improper sales practices, and strengthening the Ombudsman for Banking Services and Investments' authority.
Policy & regulationReform agendas & prioritiesConsumer and investor protection
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2025-05-27•Canada•Ontario Securities Commission
The Ontario Securities Commission (OSC) issued an investor warning about 13 companies not registered to deal or advise in securities in Ontario. The OSC emphasized the importance of verifying registration status through its resources to mitigate investor risk.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-05-27•Global•Sustainable Banking and Finance Network
The Sustainable Banking and Finance Network (SBFN) announced the Moldovan Banks Association (ABM) as its 100th member, joining alongside the National Bank of Moldova. ABM, a nonprofit established in 1993, is active in sustainable finance initiatives and participates in Moldova's climate finance and sustainable finance efforts.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-05-27•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority issued a warning regarding unauthorised virtual asset service activity by Tordess Limited, linked to the website tordess.com. Tordess Limited is not authorised under the Virtual Asset Service Providers Act, 2024, and is not in good standing due to unpaid fees. The regulator advised consumers to verify the licensing status of virtual asset service providers and report suspected unlicensed activities.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-05-27•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority (FSA) issued a warning regarding unauthorised virtual asset services linked to primexbt-trading.com, allegedly operated by PRIME TECHNOLOGY LTD. The company is not authorised under the Virtual Asset Service Providers Act, 2024, and is not in good standing due to unpaid fees. The FSA advises consumers to verify licensing and report suspected unlicensed activities.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-05-27•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority issued a public warning regarding alleged unauthorised virtual asset services by AZ Markets Limited, linked to https://azbit.com/. The company lacks authorisation under the Virtual Asset Service Providers Act, 2024, and is not in good standing due to unpaid fees. Consumers are advised to verify the licensing status of virtual asset service providers and report suspected unlicensed activities.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-05-27•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority warned about unauthorised virtual asset services linked to coinsbit.io, operated by Coinsbit Inc. The FSA clarified that Coinsbit Inc was never authorised under the Virtual Asset Service Providers Act, 2024, and was dissolved in December 2024. Consumers should verify the licensing of virtual asset service providers and report suspected unlicensed activities.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-05-27•Global•Sustainable Banking and Finance Network
The Sustainable Banking and Finance Network (SBFN) announced the Moldovan Banks Association (ABM) has joined, bringing SBFN's membership to 100. ABM is involved in sustainable finance initiatives, including participation in training and collaboration with the National Bank of Moldova on climate finance and sustainable finance efforts.
OtherClimate risk and sustainable finance
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2025-05-27•Global•Sustainable Banking and Finance Network
The Sustainable Banking and Finance Network (SBFN) announced the Banks Association of Bosnia and Herzegovina (BABiH) has joined, expanding SBFN to 98 members across 72 countries. This follows the Central Bank of Bosnia and Herzegovina's membership in August 2024, enhancing collaboration on sustainable finance frameworks. BABiH, representing 21 commercial and two development banks, aims to strengthen ESG practices with International Finance Corporation (IFC) support.
Policy & regulationCooperationESG
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2025-05-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has launched a public consultation on draft regulations for Government Token (G-Token) offerings and services. The proposals outline regulatory treatment, exemptions, and conduct requirements for G-Tokens, digital tokens issued by the Ministry of Finance as a borrowing tool. Key changes include exemptions from offering requirements and licensing for digital asset dealers and exchanges, with additional rules on customer service standards and disclosure.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-05-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Taxonomy Board, including the Department of Climate Change and Environment, the Bank of Thailand, the Thailand Securities & Exchange Commission, and the Stock Exchange of Thailand, has released Thailand Taxonomy Phase 2 for classifying environmentally sustainable activities in agriculture, construction, real estate, manufacturing, and waste management. This phase builds on Phase 1, which covered energy and transportation, and includes feedback from consultations. The final version is available for download from 27 May 2025, with a seminar on the same day to discuss its implications.
Policy & regulationGuidance & interpretationGreen taxonomy
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2025-05-27•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities & Exchange Commission advises holders of the STRD24DA bond by Wastech Exponential Company Limited to review information and exercise their rights at the upcoming bondholders’ meeting. The meeting will address proposals including waiving an event of default, altering repayment terms, and adjusting interest payments. A previous meeting on 16 May 2025 failed to meet quorum, necessitating the reconvened meeting on 30 May 2025.
Policy & regulationGuidance & interpretationCorporate governance
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2025-05-27•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation (GLEIF) has launched the Global Partners Program to expand the ecosystem for Legal Entity Identifier (LEI) and verifiable LEI (vLEI) adoption, inviting data vendors, financial institutions, corporates, and technology leaders to collaborate on (v)LEI-enabled solutions. The program offers global exposure and strategic insights, with participation open and free, and optional contributions to support initiatives.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-05-27•Europe•European Commission
The European Commission has initiated a survey to collect feedback from microfinance providers across Europe for revising the European Code of Good Conduct for Microcredit Provision. The survey seeks input on the Code's effectiveness, relevance, and practical challenges, with responses to inform the revision process.
Policy & regulationReform agendas & prioritiesOther
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2025-05-27•Global•Global Legal Entity Identifier Foundation
The Global Legal Entity Identifier Foundation launched a Global Partners Program to boost adoption of the Legal Entity Identifier and verifiable LEI by fostering a broader ecosystem for trusted organizational identity, open to data vendors, financial institutions, corporates, and technology leaders. Participation is free, with optional contributions to support shared initiatives enhancing the Global LEI System.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2025-05-27•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority (FI) has initiated a supervisory analysis to assess how banks and credit market companies manage operational risks. This effort is part of FI's 2025 focus on firms' resilience in uncertain environments and their capacity to address financial and operational threats. Information will be gathered via questionnaires sent to 33 institutions of varying sizes.
SupervisionReviews, inspections & stress testsOperational risk and resilience
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2025-05-27•Hungary•National Bank of Hungary
The National Bank of Hungary's Housing Market Report highlights a surge in housing demand in early 2025, driven by household savings, with house prices rising 15.0% nationwide and 19.2% in Budapest. Despite a 91% increase in housing loan disbursements in 2024 Q4, financial stability risks are mitigated by low loan-to-value ratios. However, affordability has worsened as prices outpace incomes, and building permits fell 27% in 2024 from 2023.
ResearchLending
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2025-05-27•Russia•Central Bank of Russia
The Central Bank of Russia has updated parameters for a risk-sensitive limit (RSL) to curb banks' investments in immobilised non-core assets, requiring additional capital for exposures exceeding the limit. The revised approach expands the asset list, reduces the maximum immobilisation ratio, and relaxes the schedule for reaching the target RSL level. The measure applies to banks with a universal licence and is set to take effect in 2026.
Policy & regulationRules & requirementsPrudential risksAsset quality
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2025-05-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has initiated emulation movements on innovation, digital transformation, and digital literacy, aligned with Politburo Resolution No. 57-NQ/TW. Governor Nguyen Thi Hong emphasized the banking sector's role in advancing the digital economy, advocating for organization-wide changes in skills and operations. Implementation will be guided by a steering committee, prioritizing digital initiatives, workforce upskilling, and a human resources strategy to 2030.
Policy & regulationImplementation, projects & pilotsFintech and insurtechFinancial inclusion
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2025-05-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam launched two campaigns, "Nationwide competition for innovation and digital transformation" and "Digital popular education," to implement Politburo Resolution 57. A banking sector plan under Decision 1364/QD-NHNN was issued, assigning tasks to various banking entities. Discussions focused on the "Digital popular education" campaign, addressing digital initiatives, innovation culture, and workforce digital capabilities.
Policy & regulationImplementation, projects & pilotsFintech and insurtechFinancial inclusion
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2025-05-27•Vietnam•State Bank of Vietnam
During the Vietnamese Prime Minister's visit to Malaysia, the State Bank of Vietnam's Deputy Governor Pham Thanh Ha and the Central Bank of Malaysia's Deputy Governor Marzunisham Omar discussed regional financial cooperation and bilateral collaboration. Topics included Malaysia's ASEAN 2025 priorities, the Central Bank of Malaysia's role in ASEAN+3 financial cooperation, banking supervision, anti-money laundering agreements, and a potential bilateral QR-code retail payment linkage.
Policy & regulationCooperationOther
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2025-05-27•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority has initiated the development of its fourth strategic plan for 2027/2028 to 2030/2031, focusing on internal analysis and stakeholder engagement to ensure a seamless transition from the current plan. An internal team is leading the strategy design, with input from various organizational units and public bodies. The CMA will also conduct a public opinion poll to gather broader feedback.
Policy & regulationReform agendas & prioritiesCorporate governance
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2025-05-27•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority, with KPMG and Boursa Kuwait, held a workshop on sustainability reporting for listed companies. It aimed to enhance ESG reporting understanding, focusing on transparency, governance, and alignment with frameworks like the Global Reporting Initiative. Discussions covered implementation challenges and future regulatory needs, positioning the workshop within a broader sustainability awareness initiative.
Policy & regulationGuidance & interpretationESG
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2025-05-27•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority (Finanstilsynet) detailed its 2025 supervision strategy for sustainability reporting under the CSRD at Finance Norway’s Sustainability Conference. It will conduct thematic reviews using public information, align with ESMA priorities, and consider EU regulations. Key focuses include materiality assessments, report structures, EU Taxonomy Article 8 disclosures, and audit firms' sustainability attestation organization.
SupervisionSupervision approach, priorities & toolkitClimate risk and sustainable finance
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2025-05-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) has launched emulation campaigns to drive innovation and digital transformation in the banking sector, aligning with Politburo Resolution 57. Priorities include enhancing digital literacy, adopting data-driven processes, integrating digital banking models, and investing in IT infrastructure. The SBV emphasizes leadership in digital transformation and international cooperation, urging participation across the sector.
Policy & regulationImplementation, projects & pilotsOther
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2025-05-27•Vietnam•State Bank of Vietnam
The State Bank of Vietnam outlined priorities for accessing AIIB finance during a meeting between Deputy Governor Nguyen Ngoc Canh and Craig Murphy, Director for AIIB’s Country Group 7. Vietnam emphasized the need for AIIB to focus on sustainable projects and concessional lending, proposing expanded AIIB lending through Vietnam’s commercial banks. Murphy welcomed the proposals and noted plans to advocate for Country Group 7 members and enhance AIIB support for Vietnam.
Policy & regulationCooperationOther
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2025-05-27•Egypt•Central Bank of Egypt
The Central Bank of Egypt's Governor, Hassan Abdalla, led Egypt's delegation to the African Development Bank Group's annual meetings in Abidjan, focusing on development challenges linked to geopolitical tensions and global trade wars. Abdalla highlighted Egypt's cooperation portfolio with the African Development Bank, totaling approximately USD 8.2 billion since 1974 across various sectors. The meetings included discussions on youth and human capital and were expected to elect the African Development Bank's next President.
Policy & regulationCooperationCross-border cooperation
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2025-05-27•Thailand•Bank of Thailand
The Thailand Taxonomy Board, including the Bank of Thailand, has released Thailand Taxonomy Phase 2.1, expanding the classification of environmentally sustainable activities to sectors like agriculture, construction, manufacturing, and waste management. This phase builds on the initial focus on energy and transportation, structured around six environmental objectives. The final taxonomy, incorporating stakeholder feedback, is available for download from 27 May 2025.
Policy & regulationInternational standards & recommendationsClimate risk and sustainable finance
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2025-05-27•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission, led by Party Secretary and Chairman Li Yunze, emphasized accelerating policy development in digital finance and AI regulation. Priorities include enhancing digital supervision, advancing AI in financial services, and strengthening risk prevention. The commission aims to improve the technology finance framework and align financial services with AI advancements for safe and fair outcomes.
Policy & regulationReform agendas & prioritiesArtificial intelligence
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2025-05-27•China•China Banking and Insurance Regulatory Commission
Li Yunze, Director of China's National Financial Regulatory Administration, met with Sherard Cowper-Coles, Chair of the China-Britain Business Council, to discuss the opening-up of China's financial sector and the growth of UK-funded financial institutions in China.
Policy & regulationCooperationOther
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2025-05-27•Maldives•Maldives Monetary Authority
The Maldives Monetary Authority has granted pre-operational approvals for Maldives Finance and Leasing Company Pvt Ltd and BIC Bank Maldives Private Limited to establish new Tier 1 banks. These approvals are contingent upon meeting the authority's pre-operational requirements.
SupervisionAuthorisations & approvalsLicence approval
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2025-05-27•Moldova•National Bank of Moldova
The National Bank of Moldova will participate in a Children's Day event in Chișinău, offering interactive financial education activities. The event, organized with the Ministry of Education and Research and ARTICO, includes games, quizzes, expert Q&A sessions, and a mini-exhibition of commemorative coins.
Financial literacy & educationFinancial literacy and education
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2025-05-27•South Korea•Bank of Korea
The Bank of Korea released April 2025 interest rate statistics, indicating declines in average rates for new deposits and loans, as well as outstanding balances. New deposit rates fell to 2.71%, and new loan rates decreased to 4.19%. Rates on outstanding deposit and loan balances also dropped to 2.27% and 4.48%, respectively.
Data & statisticsMonetary data
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2025-05-27•South Korea•Bank of Korea
The Bank of Korea's May 2025 Consumer Tendency Survey shows an increase in the Composite Consumer Sentiment Index to 101.8, an 8.0-point rise from April 2025.
Data & statisticsOther
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2025-05-27•United Arab Emirates•General Pension and Social Security Authority
The UAE General Pension and Social Security Authority stated that commuting accidents are work-related injuries, enabling insured Emiratis or beneficiaries to claim compensation and pensions. A monthly pension is provided for death or total disability, with AED 75,000 compensation for total disability under Federal Law No. 7 of 1999. Claims are denied for self-inflicted injuries or safety rule violations, and GPSSA stressed adherence to traffic regulations and accurate attendance records for claims processing.
Policy & regulationGuidance & interpretationOther
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2025-05-27•Denmark•National Bank of Denmark
The National Bank of Denmark reported that Danish companies' bank deposits fell by DKK 49 billion to DKK 405 billion in April, a 10.7% decrease from March. The decline was partly due to dividend payments and a major corporate acquisition. Deposits have fluctuated significantly since 2020, influenced by liquidity needs related to dividends, corporate transactions, capital investments, and foreign-currency management by large Danish groups.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-05-27•Luxembourg•Luxembourg Commissariat aux Assurances
The Luxembourg Commissariat aux Assurances highlighted a Ministry of Justice press release regarding Luxembourg's updated national risk assessment of money laundering.
Policy & regulationGuidance & interpretationAML and CFT
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2025-05-27•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury and UK Exchequer Secretary reaffirmed cooperation on tax avoidance and evasion, focusing on enhancing information sharing and joint efforts against marketed tax avoidance schemes. The statement emphasizes collaboration on tax transparency, including the Common Reporting Standard and the Crypto-Asset Reporting Framework. Both jurisdictions have implemented measures under the OECD’s Pillar 2 Global Minimum Tax and are committed to deterring promoters of tax avoidance schemes.
Policy & regulationCooperationTax transparency and information exchange
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2025-05-27•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury has revoked five entries under the Zimbabwe sanctions regime, removing them from the UK Consolidated List and lifting the asset freeze. The delisted individuals and entity include Godwin Matanga, Isaac Moyo, Owen Ncube, Anselem Nhamo Sanyatwe, and Zimbabwe Defence Industries. The update reiterates compliance expectations under the Zimbabwe (Sanctions) (EU Exit) Regulations 2019 as applied in the Isle of Man.
EnforcementSanctions & designationsSanctions list update
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2025-05-27•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank reported a 5% year-on-year increase in Dutch banks' lending to domestic non-financial corporates, reaching EUR 277 billion in March 2025, surpassing the euro area average of 2.3%. Since June 2024, Dutch corporate lending growth has consistently outpaced the euro area, attributed to less stringent lending criteria, reduced debt securities issuance by Dutch firms, and weaker lending in Germany.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-05-27•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas released its May 2025 Quarterly Statistical Digest, updating monetary, financial, public debt, and economic statistics through March 2025. It includes data on the central bank’s balance sheet, banking metrics, public finance, debt statistics, and key economic indicators like inflation and tourism. An appendix details public-sector debt, including foreign currency debt profiles and projected debt service payments.
Data & statisticsMonetary data
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2025-05-26•France•France Autorite des marches financiers
The French Financial Markets Authority (AMF) released its 2024 report, focusing on enhancing financial stability, advancing the European Savings and Investment Union, and bolstering investor protection. It emphasizes international regulatory cooperation, reducing fragmentation in European capital markets, and increasing digital platforms' responsibility in combating scams. The report also covers supervisory activities like monitoring investment schemes, authorizing crypto-asset providers, and issuing sanctions.
SupervisionOtherFinancial stability and systemic riskMarket development
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2025-05-26•Global•Egmont Group
The Egmont Group highlighted the role of Financial Intelligence Units (FIUs) in tracing and recovering criminal assets at the UN Office on Drugs and Crime’s GlobE Network plenary, emphasizing FIUs' analysis of financial data to combat money laundering and terrorist financing. The discussion stressed domestic and international cooperation, challenges with virtual assets, and initiatives to enhance FIU effectiveness in asset recovery.
Policy & regulationCooperation
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2025-05-26•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority (CMA) referred suspects to the Public Prosecution for allegedly breaching Article 49 of the Capital Market Law and Article 2 of the Market Conduct Regulations, related to National Building and Marketing Co’s share offering. They are accused of creating a false impression and manipulating transactions. The CMA is committed to prosecuting market manipulation, with identities of convicted violators to be published by the General Secretariat of Committees for Resolution of Securities Disputes.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-05-26•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro has launched RTS/X, a national payment system for online clearing of interbank payments and withdrawals up to EUR 1,000, enhancing transaction speed and availability. RTS/X complies with ISO 20022, facilitating structured payment data and improved processing. A further phase will expand capacity by 2025, and an instant payments system, TIPS Clone, is planned for July 2026 with regional central banks and the Banca d’Italia.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-05-26•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission conducted an outreach session at the Instituto Superior Politécnico do Bita, focusing on investment opportunities in the capital market. The event aimed to enhance financial literacy, support market development, and promote regulatory frameworks aligned with international standards. Guided visits to the CMC's premises offered insights into the regulator's operations and engagement with technical staff.
Financial literacy & educationFinancial literacy and education
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2025-05-26•Mexico•Central Bank of Mexico
The Central Bank of Mexico's 2024 Annual Report on Financial Market Infrastructures highlights significant growth in the Interbank Electronic Payment System (SPEI) and key upgrades across payment systems and post-trade services. SPEI processed 5,342 million transfers totaling MXN 578 trillion, with non-bank financial institutions contributing 13.8% of operations. The report also notes the migration to ISO 20022, T+1 equity settlement, and the transition from 28-day TIIE to TIIE de Fondeo for swaps.
Policy & regulationImplementation, projects & pilotsFinancial and market indicatorsSupervisory data
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2025-05-26•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group’s Sustainability Reporting Board has approved a new composition for its Sustainability Reporting Technical Expert Group, effective 1 May 2025, to ensure balanced expertise for European Sustainability Reporting Standards. The group includes new and reappointed members, focusing on continuity and ESRS implementation support. EFRAG aims to simplify ESRS while reducing the reporting burden and maintaining effectiveness.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-05-26•Rwanda•Rwanda Capital Markets Authority
The Rwanda Capital Markets Authority has issued a circular seeking public comments on draft regulations to establish a Compensation Fund as part of Rwanda’s investor compensation scheme. The framework aims to compensate investors for losses due to actions by licensed or approved persons leading to bankruptcy. The proposal revises existing regulations to align with best practices.
Policy & regulationRules & requirementsOther
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2025-05-26•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market is advocating for draft law No. 8111 to introduce investment accounts as a retail investment channel, offering tax benefits for long-term investments. The initiative aims to complement domestic government bonds and address excessive bureaucracy in financial monitoring to boost investment volumes by 20–30%. The draft law awaits support in the Verkhovna Rada.
Policy & regulationRules & requirementsOther
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2025-05-26•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has updated its list of dubious investment projects, adding RCM Brokers, Invexis, and CGL Ltd. The Commission warns of increasing offers of high-return investments from unlicensed entities and advises investors to consult its website for flagged projects and report suspicious activities.
SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
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2025-05-26•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank Governor Klaas Knot emphasized diversity as crucial to decision-making in a speech, detailing DNB's targets for gender and cultural balance by 2028. Women currently represent over 41% of employees and 43% of managers, with a goal of full gender balance. DNB aims for 26% of staff and leadership to have a bicultural background, a target met among employees but not yet in management.
Institutional developmentWorkforce & recruitmentDiversity and inclusion
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2025-05-26•Angola•Ministry of Finance (Angola)
The Ministry of Finance (Angola) announced that the Credit Guarantee Fund (FGC) has joined the African Association of Development Finance Institutions (AAIDF), recognizing its role in expanding credit access for micro, small, and medium-sized enterprises. Commended for its portfolio management and transparency in public guarantee instruments, FGC is the third Angolan institution in the AAIDF. Its membership is expected to enhance financing networks, co-guarantee initiatives, and policy influence in Africa's financial sector.
Policy & regulationCooperationSME financing
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2025-05-26•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets and BNPL provider in3 found that delaying debt collection referrals and adding payment reminders cut collection costs and reduced customers entering collections by nearly a third. However, arrears after two months remained unchanged. Upcoming EU Consumer Credit Directive rules will address these issues.
ResearchBNPL
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2025-05-26•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets (AFM) and BNPL provider in3 found that extending the time before overdue BNPL accounts are handed to debt collection, along with an additional reminder, reduces debt collection fees without increasing long-term arrears. The study showed a nearly one-third reduction in accounts transferred to debt collection agencies. AFM highlighted that these measures may not help customers with structural financial issues and emphasized upcoming obligations under the European Consumer Credit Directive (CCD2) for creditworthiness assessments and arrears-management policies by November 2026.
ResearchBNPL
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2025-05-26•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus reported improvements in the 2024 external statistics, with the current account deficit narrowing to EUR 2,835.0 million from EUR 3,556.1 million in 2023. The international investment position improved to a net liability of EUR 29,177.6 million, and gross external debt decreased to EUR 246,167.9 million. Adjusted figures for special purpose entities show a similar trend of improvement.
Data & statisticsBalance of payments and other external statistics
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2025-05-26•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released its quarterly House Price Index report for Q4 2024, detailing indicator results and real estate market trends. The related time series data is accessible on its website.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-05-26•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released the 2024 Annual Report of the Central Information Repository for Issuers of Uncovered Cheques (CAP).
Data & statisticsRegulatory reporting
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2025-05-26•Peru•Central Bank of Peru
The Central Bank of Peru reported that remittances from Peruvians abroad reached USD 1,255 million in Q1 2025, marking a 5.5% year-on-year increase. The United States was the primary source, attributed to employment recovery there. Remittances accounted for 1.7% of GDP, slightly down from the previous year.
Data & statisticsBalance of payments and other external statistics
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2025-05-26•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) concluded the first day of its Mutual Fund Focus Group Sessions 2025 in Karachi, discussing mutual fund industry reforms, product innovation, and digital transformation. Key topics included ESG-focused funds, Shariah-compliant products, women's financial inclusion, and governance frameworks. Insights from these discussions will inform upcoming reforms, with further sessions planned.
Policy & regulationReform agendas & prioritiesMarket developmentESG
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2025-05-26•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia completed a climate risk training programme with the European Investment Bank, enhancing its capacity to address climate challenges and support green investment. Over 50 central bank staff were trained on climate risks and sustainability-related financial regulation, with plans to disseminate this knowledge domestically. The programme also developed climate risk maps, conducted a national survey on sustainable business practices, and supported establishing a climate risk reporting framework.
Institutional developmentCooperation & capacity buildingClimate risk and sustainable finance
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2025-05-26•North Macedonia•National Bank of the Republic of North Macedonia
North Macedonia's Marin Hristoski and Aleksej Mickoski secured second place at the European Money Quiz, organized by the European Banking Federation. The event in Brussels featured participants from 30 countries, with Italy first and Sweden third. The Macedonian Banking Association, National Bank, and Securities and Exchange Commission will continue supporting financial education initiatives.
Financial literacy & educationFinancial literacy and education
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2025-05-26•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority is recruiting a graphic designer. The role is intended to support its communications function and the production of professional-quality visual materials.
Institutional developmentWorkforce & recruitmentHiring and recruitment
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2025-05-26•China•Central Bank of the Republic of China
The People's Bank of China launched the "Youth Anti-Fraud in Action" initiative to enhance public awareness and prevention of telecom and online fraud. The program includes various activities such as a short video competition, outreach campaigns, and educational events for university students. The initiative is part of broader efforts to disrupt fraud-related funding chains, supported by a task force under the State Council.
Financial literacy & educationFraud and scams
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2025-05-26•Laos•Bank of the Lao
The Bank of the Lao PDR, in collaboration with the Ministry of Home Affairs, has launched Batch III of a training course for mid-level managers at the Banking Institute. The 10-day programme aims to enhance central bank staff's skills in applying state policy, laws, and strategic plans, covering topics such as civil service management and leadership.
Institutional developmentCooperation & capacity buildingOther
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2025-05-26•T?rkiye•Capital Markets Board of Türkiye
The Capital Markets Board of Türkiye has released the application framework for its capital markets education seminars, available as an online video programme and a limited-capacity in-person programme in Ankara from 26-30 January 2026. Targeting students and recent graduates from eligible programmes for the Board’s entry tracks, applications are accepted via the e-Devlet portal. The syllabus includes capital markets regulation, public offerings, investment services, and market offences.
Institutional developmentWorkforce & recruitmentOther
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2025-05-26•Australia•Australian Financial Complaints Authority
The Australian Financial Complaints Authority (AFCA) has activated its significant event response plan after the Insurance Council of Australia declared the Mid North Coast and Hunters floods a significant event. The plan aims to manage expected complaint increases and expedite dispute resolution for affected consumers and small businesses. It includes early stakeholder communication and a streamlined process, allowing AFCA to consider complaints after initial insurer contact and handle disputes related to financial hardship assistance, referencing the General Insurance Code of Practice's catastrophes provisions.
Policy & regulationImplementation, projects & pilotsComplaints and dispute resolution
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2025-05-26•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) announced the appointment of four full-time members to its Executive Board by the Council of the European Union. Simonas Krepšta, Rikke-Louise Petersen, Derville Rowland, and Juan Manuel Vega Serrano will begin their four-year terms on 1 June 2025 at AMLA's headquarters in Frankfurt. The decision was published in the Official Journal of the European Union.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-05-26•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) announced the appointment of Simonas Krepšta, Rikke-Louise Petersen, Derville Rowland, and Juan Manuel Vega Serrano as the first full-time members of its Executive Board. Their four-year terms commence on 1 June 2025, following the Council of the European Union's decision effective 26 May 2025.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-05-26•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism announced the appointment of the first full-time members of its Executive Board by the Council of the European Union. Mr Simonas Krepšta, Ms Rikke-Louise Petersen, Ms Derville Rowland, and Mr Juan Manuel Vega Serrano will serve four-year terms starting 1 June 2025. The decision took effect on 26 May 2025.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-05-26•Europe•Committee on the Internal Market and Consumer Protection
The European Parliament’s Internal Market and Consumer Protection Committee reported on a May 2025 visit to Buenos Aires, identifying scope to deepen EU-Argentina cooperation on regulatory simplification, public administration reform, AI and online platform rules, and consumer and e-commerce protection. Argentine authorities outlined plans for a new competition agency with mixed ex-ante and ex-post tools for digital markets, deregulation and agency restructuring, strengthened product certification and online market oversight, and fully digital customs, while stakeholders highlighted risks for vulnerable groups, data privacy and product safety.
Policy & regulationCooperationCross-border cooperation
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2025-05-26•Slovenia•Central Bank of Slovenia
The Central Bank of Slovenia hosted deputy-level meetings in Ljubljana with the IMF and World Bank Group, focusing on cooperation among member states in joint constituencies. Participants included finance ministry and central bank officials from Austria, Belgium, Czechia, Hungary, Kosovo, Luxembourg, Slovakia, Slovenia, and Türkiye. Discussions addressed economic outlooks, IMF programme design and conditionality, and the World Bank's strategic directions.
Policy & regulationCooperationCross-border cooperation
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2025-05-26•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 the appointments of three senior managers at second-tier banks. Dinara Satybaldievna Asembaeva and Dinara Arslan were appointed as Deputy Chairs and Management Board members, while Aliya Erzhanovna Sauytbekova was appointed as Chief Accountant at ForteBank JSC.
SupervisionAuthorisations & approvalsLicence approval
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2025-05-26•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Financial Market Agency issued a "Guideline on Calculation of Economic Capital" for second-tier banks to enhance risk management. It offers recommendations for calculating economic capital for credit, market, operational, and interest rate risk, aligning with international standards from the Basel Committee and the European Banking Authority.
Policy & regulationGuidance & interpretationCapital adequacyPrudential risks
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2025-05-26•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted about fraudulent websites and internet banking login screens reported by Chong Hing Bank Limited. The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Individuals who interacted with these fraudulent sites should contact Chong Hing Bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-05-26•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority highlighted The Hong Kong Mortgage Corporation Limited's 2024 results, noting a consolidated loss after tax of HKD 418 million and corporate debt issuance of HKD 103.5 billion. Asset purchases totaled HKD 3.9 billion, with a loan portfolio of HKD 95.5 billion at year-end. The loss was mainly due to property price declines affecting the reverse mortgage business, while the adjusted profit after tax was HKD 787 million.
Data & statisticsActivity and performance reporting
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2025-05-26•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted about fraudulent websites and internet banking login screens impersonating The Bank of East Asia, Limited. The HKMA reminded customers that banks do not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams
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2025-05-26•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) alerted about fraudulent websites and internet banking login screens linked to Standard Chartered Bank Hong Kong Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.
SupervisionAlertsFraud and scams