-
2025-05-08•China•China Banking and Insurance Regulatory Commission
China’s National Bureau of Statistics reviewed the China Banking and Insurance Regulatory Commission's practices, highlighting deficiencies in implementation, governance, and data quality. The inspection revealed inadequate adherence to major decisions, insufficient accountability, and data inaccuracies. Recommendations include developing a statistical indicator system, enhancing accountability, and improving data quality, with the Commission committing to remediation.
SupervisionReviews, inspections & stress testsRegulatory reporting
-
2025-05-08•Luxembourg•Ministry of Finance (Luxembourg)
Luxembourg's Finance Minister Gilles Roth visited London to strengthen bilateral cooperation in financial services and support open markets and multilateralism. Roth met with UK Treasury Secretary Emma Reynolds and key UK financial sector firms, emphasizing Luxembourg's role as the UK's largest EU export market for financial services and noting that 17% of assets in Luxembourg funds originate from UK promoters.
Policy & regulationCooperationCross-border cooperation
-
2025-05-08•Kazakhstan•National Bank of Kazakhstan
The National Bank of Kazakhstan will issue a KZT 1,000 commemorative banknote on May 9, 2025, marking the 80th anniversary of the Great Victory. Limited to 5 million copies, the banknote is legal tender across Kazakhstan. It features the Memorial of Glory and advanced security elements, including a micro-optical strip with a three-dimensional effect.
Monetary policyOtherCurrency and cash management
-
2025-05-08•South Korea•Bank of Korea
The Bank of Korea released its "Official Foreign Reserves (April 2025)" report, detailing the latest statistics on official foreign reserves.
Data & statisticsBalance of payments and other external statistics
-
2025-05-08•Denmark•National Bank of Denmark
The National Bank of Denmark's updated climate indicators show a significant reduction in carbon intensity for Danish insurance, pension companies, and investment funds, with emissions halving from 2020 to 2024. Danish portfolios now have a weighted average carbon intensity of about 10 tonnes per DKK 1 million of revenue, compared to 20 tonnes in the euro area. This reduction reflects decreased holdings in high-emitting companies and aligns with broader euro area trends, potentially mitigating transition risks associated with climate regulation.
Data & statisticsClimate risk and sustainable finance
-
2025-05-08•Denmark•National Bank of Denmark
The National Bank of Denmark analyzed the Danish krone secured money market, emphasizing repo agreements' role in liquidity management and monetary policy transmission. Based on transaction data from the nine largest banks, the study reports an average daily turnover of DKK 42 billion, with mortgage bonds as predominant collateral. It highlights structural risks, such as a concentrated banking network and extensive position rolling, with significant interbank activity cleared through a central counterparty.
ResearchFinancial and market indicatorsSupervisory data
-
2025-05-08•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission reported that the average non-performing loan ratio for 38 domestic banks remained stable at 0.16% as of March 2025. Total outstanding loans increased by TWD 472 billion, while non-performing loan balances decreased slightly. The FSC assessed asset quality as manageable and will continue to mandate improvements in asset quality and financial structure.
Data & statisticsAsset quality
-
2025-05-08•Palestine•Palestine Monetary Authority
The Palestine Monetary Authority reported on the MENAFATF meetings, highlighting Palestine's commitment to FATF standards and progress in anti-money laundering and counter-terrorist financing. Key developments include submitting a national strategy to the Prime Minister and MENAFATF's adoption of the technical compliance report. MENAFATF acknowledged Palestine's progress and agreed to coordinate the mutual evaluation process, including an on-site visit when feasible.
Policy & regulationPeer reviews and country evaluationsAML and CFT
-
2025-05-08•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank launched the ECCU First Step Savings Account to enhance financial inclusion and ease account opening across the Eastern Caribbean Currency Union. Developed with the ECCU Bankers Association and the Ease of Account Working Group, the account offers a uniform experience with no monthly fees and no minimum deposit requirement.
Policy & regulationImplementation, projects & pilotsFinancial inclusion
-
2025-05-08•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde released a report on Cabo Verde’s microfinance sector, detailing its 2023 activity and results. The report examines sector characteristics, performance metrics, customer profiles, and identified risks, alongside regulatory and supervisory measures.
Research
-
2025-05-08•Cape Verde•Bank of Cape Verde
Bank of Cape Verde's Governor Óscar Santos and Auditor General Ana Semedo attended the 50th Summit of Central Banks of Francophone Countries in Brussels, focusing on cybersecurity. The summit facilitated knowledge-sharing on cyber threat mitigation and technological innovation. Key topics included generative AI for cybersecurity, Zero Trust strategy, secure cloud migration, and Belgium's cybersecurity inspection methodology.
SupervisionCooperationCyber resilience
-
2025-05-07•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg released Cahier d’études No. 198, presenting a simplified model for CO2 emissions and carbon intensity evolution, aligned with the European System of Central Banks' climate research focus. Extending the Solow growth model with "green" capital, it suggests technological progress as key to reducing carbon intensity. Increasing green capital investment to 5% of global GDP by 2050 could lower emissions to 13 billion tonnes, aligning with International Energy Agency targets.
ResearchClimate risk and sustainable finance
-
2025-05-07•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission approved prospectuses for three secured bond issues and Glenmoor Capital REIT's IPO, entering the issuers into its register. It also made decisions on insurance broker registration, exemptions from investment intermediary licensing, and cross-border crowdfunding notifications. Additionally, the Commission opted not to comply with two European Banking Authority guidelines on restrictive measures.
SupervisionAuthorisations & approvalsSecurities offerings and listings
-
2025-05-07•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua's March 2025 report highlights growth in public deposits and the credit portfolio, with liquidity, profitability, and capital ratios robust. Credit growth decelerated partly due to FAMA's transition to a microfinance institution. Public deposits increased by 9.8% year on year, while the credit portfolio grew by 17.1%, with a performing loans ratio of 95.2% and a past-due loan ratio of 1.4%.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-05-07•Panama•Superintendencia de Bancos de Panama
Panama's Financial Coordination Council launched the Panama Financial Innovation Hub (Finhub) to enhance financial inclusion and system stability. Supported by Panamanian financial authorities and the Inter-American Development Bank, Finhub facilitates dialogue between regulators and innovators, focusing on women's participation and underserved groups. It includes a public interface for fintech entrepreneurs and a private layer for inter-agency coordination.
Policy & regulationImplementation, projects & pilotsFintech and insurtechFinancial inclusion
-
2025-05-07•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama, with the Panamanian Banking Association and the Inter-American Development Bank Group, has introduced updated Integrity Guidelines for the banking sector. These guidelines aim to enhance Panama's banking integrity framework by integrating international best practices tailored to local conditions. The update involved input from regulators, banks, and technical specialists.
Policy & regulationGuidance & interpretationComplianceCorporate governance
-
2025-05-07•Israel•Bank of Israel
The Bank of Israel reported that foreign exchange reserves rose to USD 222,035 million at the end of April 2025, representing 41.1% of GDP, with a revaluation contributing USD 4,842 million and government foreign exchange activities offsetting USD 1,644 million. Total reserves included USD 217,489 million excluding the International Monetary Fund and USD 4,546 million held at the IMF.
Data & statisticsBalance of payments and other external statistics
-
2025-05-07•Ukraine•National Bank of Ukraine
Ukraine's international reserves hit USD 46,683.1 million as of 1 May 2025, a 10.2% rise in April due to major inflows from international partners and minimal net foreign exchange sales by the National Bank of Ukraine. Key contributions included USD 4,861.6 million from the European Union and G7 under the Ukraine Facility and ERA initiative, and USD 1,294.0 million from the World Bank. Reserves now cover 5.6 months of future imports.
Data & statisticsBalance of payments and other external statistics
-
2025-05-07•Europe•European Securities and Markets Authority
ESMA has advised the European Commission to simplify listing requirements and enhance EU companies' access to public capital markets under the Listing Act. The advice informs delegated acts under the Market Abuse Regulation (MAR) and the Markets in Financial Instruments Directive (MiFID), addressing public disclosure, cross-border trading venues, and SME growth market registration. ESMA will continue to support the Listing Act's implementation.
Policy & regulationGuidance & interpretationSecurities offerings and listings
-
2025-05-07•British Virgin Islands•Ministry of Finance (British Virgin Islands)
The British Virgin Islands Ministry of Finance, led by Premier Dr. Natalio Wheatley, refuted claims that the Riley Right campaign undermines efforts against illicit finance, asserting it complements reforms aligned with international standards. The campaign aims to raise local awareness of money laundering risks, as required by the Financial Action Task Force. The Government also emphasized its commitment to beneficial ownership transparency, including migrating information to the VIRRGIN corporate registry and developing a "legitimate interest" access policy.
Policy & regulationReform agendas & prioritiesAML and CFTBeneficial ownership
-
2025-05-07•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand's May 2025 Financial Stability Report highlights increased risks to the financial system due to global volatility, though New Zealand's financial institutions remain robust. The report notes geopolitical tensions, subdued domestic economic activity, and ongoing implementation of the Deposit Takers Act 2023, with the Depositor Compensation Scheme set to commence on 1 July 2025.
Research
-
2025-05-07•New Zealand•Reserve Bank of New Zealand
The Reserve Bank of New Zealand announced a new Executive Leadership Team structure effective 12 May 2025, featuring four Assistant Governor roles to enhance senior accountability. Key appointments include Karen Silk as Assistant Governor Money Group and John McDermott as Assistant Governor Operations, while consultations on further organizational changes are ongoing.
Institutional developmentLeadership change & appointmentsOrganizational structure
-
2025-05-07•Australia•Australian Securities & Investments Commission
ASIC has imposed additional conditions on Macquarie Bank's financial services licence due to compliance failures in futures dealing and OTC derivatives reporting, some undetected for up to a decade. Macquarie must create a remediation plan, appoint an independent expert, and assess remediation effectiveness. This follows nine market conduct issues, including misreporting over 375,000 OTC transactions. Macquarie has cooperated and agreed to the conditions.
EnforcementInvestigations & enforcement actionsCompliance
-
2025-05-07•Angola•Ministry of Finance (Angola)
Angola's Ministry of Finance reported Recredit recovered AOA 108.35bn from Banco de Poupança e Crédito's non-performing loans by end-2024, 38% of the AOA 288.87bn investment. Recredit's 2024 results showed a net profit of AOA 48.52bn and a 17% return on equity, focusing on maximising recoveries and converting real estate into liquidity. For 2025, Recredit aims to recover AOA 30bn, having recovered AOA 10.7bn by March, with 139 cases in litigation.
Policy & regulationImplementation, projects & pilotsCredit riskAsset quality
-
2025-05-07•Congo•Congo Insurance Regulation and Control Authority
At the Prime Minister’s AGORA 2 forum, Congo Insurance Regulation and Control Authority Director General Alain Kaninda affirmed the insurance sector's commitment to supporting the formalization of small and micro-entrepreneurs.
Policy & regulationReform agendas & prioritiesSME financing
-
2025-05-07•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan held an emergency meeting to address regional geopolitical tensions, emphasizing the continuation of capital market operations and stability. Capital Market Infrastructure Institutions, including the Pakistan Stock Exchange, were advised to enhance security protocols and operational continuity measures. SECP will monitor developments and provide updates, urging market participants to maintain normal operations.
SupervisionSupervision approach, priorities & toolkitGeopolitical riskMarket infrastructure
-
2025-05-07•Georgia•Insurance State Supervision Service of Georgia
Davit Onoprishvili, head of Georgia's Insurance State Supervision Service, attended the IAIS Implementation and Evaluation Committee meeting in Basel, discussing global supervisory standards, solvency-based supervision, financial inclusion, and capacity-building. He also met with Slovenian and Croatian counterparts to enhance cooperation and support Georgia's regulatory standards.
SupervisionCooperation
-
2025-05-07•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority held a study day with Constantine 03 University on financing the economy outside traditional channels, focusing on stock market funding, financial education and the redirection of savings into productive investment. The event also included workshops on business planning and the equity market, and ended with a cooperation agreement on research, student training and support for university-led entrepreneurship.
Financial literacy & educationFinancial inclusionFinancial literacy and education
-
2025-05-07•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia has effectively managed economic shocks, resulting in lower inflation, a stable exchange rate, and a sound financial system, according to the IMF's Article IV mission. The IMF advises maintaining prudent monetary policy until inflation declines sustainably and supports macroprudential measures to enhance banking resilience. It also emphasizes the importance of central bank independence.
Monetary policyMonetary policy assessments & outlooksFinancial stability and systemic riskMonetary policy decisions and developments
-
2025-05-07•China•Central Bank of the Republic of China
The People’s Bank of China and the China Securities Regulatory Commission announced measures to support science and technology innovation bonds, aiming to expand bond-market financing. The framework allows flexible terms, encourages longer maturities, and includes simplified issuance processes and innovative credit rating approaches. It also integrates these bonds into financial institutions' evaluations and encourages local authorities to provide additional support.
Policy & regulationRules & requirementsMarket development
-
2025-05-07•China•Central Bank of the Republic of China
The People's Bank of China held a system-wide meeting to expedite financial policy implementation after the Communist Party of China Politburo meeting. The central bank emphasized a "moderately loose" monetary policy, advocating full use of existing measures and stronger deployment of incremental policies. Enhanced coordination across the bank's system and collaboration among departments and provincial branches were highlighted to support economic recovery and high-quality growth.
Monetary policyMonetary policy assessments & outlooks
-
2025-05-07•China•Central Bank of the Republic of China
The People's Bank of China has increased the quota of its technology innovation and technical upgrading relending facility by CNY 300 billion, bringing the total to CNY 800 billion. This move supports the expanded implementation of the "Two New" policy and aims to accelerate lending growth in relevant sectors. The facility will now consolidate support under a single overall quota, eliminating separate buckets for specific loan types.
Monetary policyMonetary policy instruments & operationsSME financing
-
2025-05-07•China•Central Bank of the Republic of China
The People's Bank of China has combined the quotas of two capital market support tools into a flexible CNY 800 billion limit. These tools include a swap facility for securities, fund, and insurance companies, and a relending facility for share buybacks and shareholding increases. The change aims to enhance usability and flexibility for various institutions.
Monetary policyMonetary policy instruments & operationsLiquidity riskMacroprudential policy and tools
-
2025-05-07•China•Central Bank of the Republic of China
The Central Bank of the Republic of China will issue a two-coin gold and silver commemorative set on 1 June 2025 to mark the 100th anniversary of the Southwestern University of Finance and Economics. The set includes an 8 gram gold coin (CNY 100) and a 30 gram silver coin (CNY 10), both with 99.9% fineness and limited mintage. Production is by Shenyang Mint Co., Ltd. and Shenzhen Guobao Mint Co., Ltd., with China Gold Coin Group Co., Ltd. as the distributor.
Policy & regulationImplementation, projects & pilotsOther
-
2025-05-07•Bermuda•Ministry of Finance (Bermuda)
The Bermuda Ministry of Finance reported on the inaugural Community Day of the Digital Finance Forum, highlighting the government's initiative to accept digital dollars for dues and taxes. Over 250 attendees participated, receiving USDC 100 for transactions via Coinbase Commerce, and the event featured fintech training programs. The forum continues with panels and workshops until 9 May.
Policy & regulationImplementation, projects & pilotsFintech and insurtechFinancial inclusion
-
2025-05-07•Europe•European Banking Authority
The European Banking Authority released updated final draft implementing technical standards on resolution planning reporting to harmonise EU requirements and reduce compliance costs. The revisions streamline data points, improve usability, and incorporate a modular approach based on entity size and complexity. The standards will repeal the Commission’s Implementing Regulation (EU) 2018/1624 and include EBA-developed IT solutions.
Policy & regulationRules & requirementsRegulatory reporting
-
2025-05-07•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator (ASF) released its Financial Stability Report for the Insurance Sector and Pension Funds, providing an updated assessment of the performance and influences affecting Portugal's insurance and pension funds sectors. The report references data from the third quarter of 2024 and includes end-2024 sector information where available.
ResearchFinancial stability and systemic risk
-
2025-05-07•Laos•Bank of the Lao
The Bank of the Lao PDR, led by Acting Governor Vatthana Dalaloy, attended the 58th Asian Development Bank Board of Governors Annual Meeting and the 28th ASEAN+3 Finance Ministers and Central Bank Governors’ Meeting in Milan. Discussions covered digital finance, financial stability, sustainable investment, and regional cooperation. ADB President Masato Kanda announced increased aid for developing countries to address climate and poverty challenges.
Policy & regulationCooperationOther
-
2025-05-07•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) has appointed David Geale as permanent executive director for payments and digital finance and managing director of the Payment Systems Regulator (PSR). Geale will oversee the National Payments Vision, open banking, digital finance, and the supervision of payments and cryptoasset firms. Emad Aladhal and Andrea Bowe have also been named permanent directors of retail banking and the specialist directorate, respectively.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2025-05-07•Europe•Authority for Anti-Money Laundering and Countering the Financing of Terrorism
Bruna Szego, Chair of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA), outlined AMLA's strategic priorities at the European Anti-Financial Crime Summit in Dublin. Priorities include establishing operational foundations, enhancing supervisory and financial intelligence unit coordination, and promoting cross-sector cooperation. Szego emphasized addressing diverging national practices and technological changes, focusing on raising awareness among newly obliged non-financial entities.
Policy & regulationReform agendas & prioritiesAML and CFT
-
2025-05-07•Bolivia•Ministry of Finance (Bolivia)
Bolivia's Ministry of Finance approved Supreme Decree No. 5384, establishing a regulatory framework for Financial Technology Companies (fintechs) under the Financial System Supervision Authority (ASFI). Fintechs must obtain an incorporation permit and operating licence from ASFI, covering activities like blockchain solutions and payment systems. This framework aims to formalize over 40 firms in Bolivia, requiring compliance with security standards for user protection.
Policy & regulationRules & requirementsLicensing framework and process
-
2025-05-07•Bolivia•Ministry of Finance (Bolivia)
Bolivia's Ministry of Economy and Public Finance has introduced a regulatory framework for fintechs, mandating authorisation and supervision by the Financial System Supervision Authority (ASFI). It applies to private, public, and mixed-ownership entities, covering payment platforms and digital assets, with firms required to meet security standards. Fintechs must obtain ASFI permits and may need to enter a controlled testing environment for certain activities.
Policy & regulationRules & requirementsLicensing framework and process
-
2025-05-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a public alert regarding fraudulent websites linked to Octopus Cards Limited, a stored value facility licensee. The HKMA advised individuals who interacted with these sites to contact the relevant licensee and report to the Police or the Anti-Deception Coordination Centre.
SupervisionAlertsFraud and scams
-
2025-05-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a public alert following Chong Hing Bank Limited's report of a fraudulent website and internet banking login screen. 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 are advised to contact the bank and report to the Police.
SupervisionAlertsFraud and scams
-
2025-05-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding a fraudulent website and internet banking login screen linked to Shanghai Commercial Bank Limited. The HKMA reminded the public that banks will not send messages with hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the bank and report to the Police.
SupervisionAlertsFraud and scams
-
2025-05-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding a fraudulent website and internet banking login screen reported by The Bank of East Asia, Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information like passwords via phone, email, or SMS. Customers who interacted with the fraudulent site should contact the bank and report to the Police.
SupervisionAlertsFraud and scams
-
2025-05-07•Ghana•Bank of Ghana
The Bank of Ghana plans to revise its 2018 Cyber and Information Security Directive to address emerging risks like artificial intelligence and data privacy, and to expand the Financial Industry Command Security Operations Centre (FICSOC) beyond banks. Designated as the Sectoral Computer Emergency Response Team lead for the financial industry, the expansion aims to enhance threat monitoring and response across all regulated financial institutions amid rising cyber fraud losses.
Policy & regulationRules & requirementsCyber resilience
-
2025-05-07•Qatar•Qatar Central Bank
Qatar Central Bank Governor H.E. Sheikh Bandar bin Mohammed bin Saoud Al Thani met with Starwood Capital Group Chairman Barry Sternlicht at the 2025 Milken Institute Global Conference to discuss global finance and investment developments.
Other
-
2025-05-07•United States•Federal Reserve Bank of Boston
The Federal Reserve Bank of Boston's research note highlights a rapid increase in large banks' loan commitments to private equity and private credit funds, growing from USD 10bn in 2013 to USD 300bn in 2023. These connections, representing 14% of large banks' total loan commitments to non-bank financial institutions (NBFIs), necessitate ongoing risk assessment. The study, based on data from 31 banks, notes that five management companies receive about one-third of these commitments, though risk concentration may vary due to specific terms and collateral.
ResearchLending
-
2025-05-07•Middle East•Arab Monetary Fund
The Arab Monetary Fund convened the 44th meeting of the Arab Committee on Banking Supervision via videoconference on 7–8 May 2025, with participation from Arab central banks, monetary authorities, and international observers. Director General Dr. Fahad M. Alturki emphasized efforts to enhance regulatory frameworks and align with global standards.
SupervisionCooperationSupervision process and methodologies
-
2025-05-07•Europe•European Central Bank
The European Central Bank (ECB) has contributed to the European Commission's consultation on the market risk prudential framework, opposing delays to the Fundamental Review of the Trading Book (FRTB) under the Capital Requirements Regulation (CRR) beyond 2026. ECB staff suggest making the FRTB standardised approach a supervisory requirement while delaying the internal models approach by one year. They recommend an ascending scalar for transitional capital calibration and call for supervisory safeguards if temporary flexibility is introduced.
Policy & regulationGuidance & interpretationMarket risk and volatilityPrudential risks
-
2025-05-07•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina (CBBH) briefed the Parliamentary Assembly’s Joint Commission on legal and financial risks related to the “Viaduct versus Bosnia and Herzegovina” arbitration, including a court judgment threatening CBBH assets. The CBBH challenged the judgment and decided not to transfer BAM 244.3 million in profits to the Ministry of Finance and Treasury while asset risks persist. The Joint Commission supported the CBBH's stance and urged further investigation.
Institutional developmentGovernanceOther
-
2025-05-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued a circular detailing approvals for 24 new banking offices and 86 office openings in Q4 2024. Notable approvals include branch expansions for Bank of Commerce, Philippine Trust Company, and Security Bank. BDO Unibank and BDO Network Bank led the office openings with 12 regular branches and 24 branch-lite units, respectively.
SupervisionAuthorisations & approvalsLicence approval
-
2025-05-07•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) reminded Entidades Fechadas de Previdência Complementar (EFPC) of the 12 May deadline for the Pension Supervision and Control Fee (Tafic) payment for the second four-month period of 2025. The fee is based on the "recursos garantidores" value from the March 2025 accounting trial balance. Late payments will incur interest and penalties as per PREVIC Resolution 23/2023.
Policy & regulationGuidance & interpretationRegulatory reporting
-
2025-05-07•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority issued a warning to Neo Asset Management Private Limited (IFSC Branch) for non-compliance with the IFSCA (Fund Management) Regulations, 2022. Violations pertain to Regulation 7(4) and Regulation 10(1), with potential for stringent action upon repeat offenses. The order is available on the IFSCA website.
SupervisionInterventionsCompliance
-
2025-05-07•Dominican Republic•Superintencencia de Bancos de la Republica Dominicana
The Dominican Republic Superintendency of Banks hosted its annual conference on financial services user protection, focusing on market conduct and risk-based supervision. Keynote speaker Sergio de Mesquita from the World Bank emphasized collaboration between firms and supervisors in consumer protection. The event included discussions on regional market conduct trends and challenges, with contributions from the Central Bank, domestic regulators, and fintech representatives.
SupervisionSupervision approach, priorities & toolkitConsumer and investor protection
-
2025-05-07•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) issued a warning to insurance intermediaries about a scam involving fraudulent emails impersonating the authority. The scam involves messages requesting registration in a fake New RUI portal, urging intermediaries to report such communications and remove any unauthorized website registrations. IVASS advises using official channels for communication and reporting.
SupervisionAlertsFraud and scams
-
2025-05-07•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation of unauthorized insurance intermediation by three websites and initiated their blocking in Italy. This action is part of IVASS' ongoing efforts to combat unauthorized insurance activities, with 238 websites blocked since November 2023. IVASS advises consumers to verify the legitimacy of insurance offers and intermediaries through its official registers.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
-
2025-05-07•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has amended foreign investment obligations in the securities market, per a Ministry of Finance circular. Key changes include stricter cash flow management for certain foreign investors and a shift to electronic reporting via the State Securities Commission’s Foreign Investment Management System. The amendments require foreign investors and organisations issuing depository receipts overseas to manage transactions through an indirect investment capital account at an authorised custodial bank.
Policy & regulationRules & requirementsCross-border payments
-
2025-05-07•Timor-Leste•Central Bank of Timor-Leste
The Central Bank of Timor-Leste reported the Petroleum Fund's investment position as of 31 March 2025, with total assets of USD 18.25 billion. The assets include USD 12.98 billion in global fixed income, USD 4.70 billion in global equities, and USD 570 million in private debt.
Data & statisticsOther
-
2025-05-07•Europe•European Council
The European Council's Coreper approved a negotiating mandate to shorten the settlement cycle for transactions in transferable securities on EU trading venues from T+2 to T+1. The Council's position exempts securities financing transactions from this requirement due to their non-standardised nature. Trialogue negotiations with the European Parliament will follow to finalize the common position.
Policy & regulationRules & requirementsMarket infrastructure
-
2025-05-07•Seychelles•Central Bank of Seychelles
The Central Bank of Seychelles has launched the second cohort of its Youth for Youth Financial Education Ambassadors programme, selecting 12 participants aged 16 to 25 for the 2025 edition. The initiative focuses on peer-to-peer financial education, covering Seychelles’ financial system and soft skills development, supported by the National Financial Education Secretariat. Participants will engage in community-based financial literacy projects and activities with Central Bank staff until May 2026.
Financial literacy & educationFinancial literacy and education
-
2025-05-07•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) ordered CFI Financial Group Holding Ltd and CFI International Ltd to halt public offerings of securities intermediation services targeting Brazilian residents. CVM's investigation revealed the companies were soliciting Brazilian clients via their websites without proper authorization.
SupervisionInterventionsUnlicensed or unauthorized activity
-
2025-05-07•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) and the Association of Capital Markets Investors (AMEC) will host an event on 28 May 2025 in Rio de Janeiro focused on "Perspectives of Stewardship in Brazil." It will discuss the evolution of stewardship, including the UK and Brazilian Stewardship Codes, and explore practical benefits and challenges in corporate governance. Key participants include CVM President João Pedro Nascimento and AMEC President Fábio Coelho.
Policy & regulationGuidance & interpretationCorporate governance
-
2025-05-07•Brazil•Brazil Securities Commission (CVM)
Brazil’s Securities Commission (CVM) has launched a new "Sanctioning Proceedings" dataset on its Open Data Portal, ahead of its planned release. The dataset, updated daily, includes basic information on Administrative Sanctioning Proceedings at the "service of process and submission of defences" stage. CVM also released an updated Open Data Plan for June 2024 to May 2026, detailing data management strategies.
Data & statisticsRegulatory reporting
-
2025-05-07•Serbia•National Bank of Serbia
The National Bank of Serbia reported a new daily record for its instant payments system, IPS NBS, with 468,697 payments totaling RSD 6.9 billion on 5 May 2025. The system, operational since October 2018, allows 24/7/365 payment initiation with immediate fund availability.
Data & statisticsPayments and payment systems
-
2025-05-07•Serbia•National Bank of Serbia
The National Bank of Serbia reminded taxpayers that the second instalment of the 2025 personal property tax is due on 15 May and can be paid commission-free using the Dina card at Ministry of Finance Treasury Administration counters. The Dina card can also be used for various taxes and public-revenue obligations, including personal income tax, motor vehicle sales tax, and mandatory social insurance contributions for farmers. Payments can be made for entities with sub-accounts in the Treasury Administration and those holding accounts in commercial banks, such as electricity utilities and telecom services.
Policy & regulationGuidance & interpretationPayments and payment systems
-
2025-05-07•Serbia•National Bank of Serbia
The National Bank of Serbia announced that its IPS NBS system processed 8,554,366 transactions in April 2025, averaging 285,146 payments daily with a transaction execution time of 1.0 seconds. The total turnover reached RSD 109.9 billion, averaging RSD 3,662.7 million per day.
Data & statistics
-
2025-05-07•Serbia•National Bank of Serbia
The National Bank of Serbia reported April 2025 operational statistics for its RTGS, Clearing, Interbank Foreign Currency Clearing, and International Foreign Exchange Clearing Systems, highlighting 19.0 million payments processed with 100% availability. RTGS handled 95% of payments, totaling RSD 17,288.4bn, while the Clearing System processed RSD 24.6bn. The foreign currency systems processed EUR 172.2 million with full availability.
Data & statisticsActivity and performance reporting
-
2025-05-07•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission has ordered the liquidation of Caritas Financial Plans, Inc. (CFPI) due to trust fund and capital deficiencies, appointing Atty. Jose A. Barcelon as liquidator. CFPI was previously under conservatorship and receivership for failing to comply with the Pre-Need Code of the Philippines and facing liquidity issues. The liquidation plan allows claimant-planholders and creditors a 120-day period to file claims, with initial payments expected in early 2026.
SupervisionInterventionsLiquidity riskPrudential risks
-
2025-05-07•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission has charged Razrul Anwar bin Rusli with defrauding investors of RM3.159 million through fictitious investments in a scheme called "Amal Trust." He faces ten charges, including falsely representing Shariah-compliant bonds and conducting unlicensed capital market activities. Razrul claimed trial and was granted bail, with the SC advising the public to verify investment offers through its Investment Checker.
EnforcementInvestigations & enforcement actionsFraud and scams
-
2025-05-07•Albania•Albania Financial Services Authority
The Albania Financial Services Authority released issue 191 of its periodical for April 2025, detailing its regulatory, supervisory, and institutional activities. The publication aims to assist consumers and investors in understanding the markets under its supervision.
Financial literacy & educationOther
-
2025-05-07•Global•Network for Greening the Financial System
The Network for Greening the Financial System released the first vintage of NGFS Short-Term Scenarios to aid central banks and supervisors in assessing near-term macro-financial effects of climate policy and change over the next five years. The scenarios, which include transition and physical risk pathways, highlight potential global output losses and unemployment impacts, with detailed results accessible via the NGFS IIASA Scenario Explorer.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
-
2025-05-07•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has launched six digital platforms and the SEC Data Center to enhance regulatory services and internal processes. Key platforms include HARBOR for beneficial ownership information, VERITAS for blockchain-based document approval, and EASE for alternative corporate filings. The SEC Data Center aims to improve service availability, data security, and regulatory oversight.
Policy & regulationImplementation, projects & pilotsOther
-
2025-05-07•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority (FSA) issued a scam alert regarding luxequant.com, which falsely displays the licence and registration number of an FSA-regulated Securities Dealer. The FSA emphasized the importance of conducting thorough research before engaging in financial transactions and clarified it will not be liable for any engagements with the website.
SupervisionAlertsFraud and scamsUnlicensed or unauthorized activity
-
2025-05-07•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency has redistributed EUR 7,768,047.40 in excess management fees to members of mandatory second-pillar pension funds, following statutory caps on fee retention. The funds were allocated via the Central Register of Insured Persons to pension funds managed by Allianz ZB, Erste, PBZ Croatia osiguranje, and Raiffeisen. The management fee rate is currently 0.24% per year, set to decrease to 0.20% by 2029.
SupervisionInterventionsLicence approval
-
2025-05-07•Poland•Central Bank of Poland
The National Bank of Poland reported official reserve assets of EUR 213.2 billion (USD 242.4 billion) at the end of April 2025. Reserves decreased by EUR 6.2 billion from March in euro terms but increased by USD 4.9 billion in dollar terms. The bank prioritizes safety and liquidity in reserve management, with investments primarily in Treasury securities and some diversification into non-government debt and investment funds.
Data & statisticsBalance of payments and other external statistics
-
2025-05-07•Global•ISDA
The International Swaps and Derivatives Association (ISDA) will expand its Digital Regulatory Reporting solution to include EU and UK MiFID/MiFIR transaction reporting, collaborating with The Depository Trust & Clearing Corporation (DTCC) to integrate this into DTCC’s Global Trade Repository MiFID/MiFIR Approved Reporting Mechanism. This initiative aims to enhance report accuracy and efficiency, with DTCC planning to support UK MiFID/MiFIR transaction reports from Q1 2026, pending regulatory approval, and revised requirements expected in 2027.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
-
2025-05-07•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority reported that sector profit rose to SAR 3.6 billion in 2024 from SAR 3.2 billion in 2023, while its contribution to non-oil GDP reached 2.59%. Total written premiums grew, with notable increases in protection and savings insurance.
Data & statisticsActivity and performance reportingRegulatory reportingMarket development
-
2025-05-07•Iceland•Central Bank of Iceland
The Central Bank of Iceland will host the Reykjavík Economic Conference on 8-9 May 2025, featuring keynotes by prominent figures such as Chiara Scotti, Andrew Bailey, and John C. Williams, focusing on macroeconomic analysis and central bank roles. Selected events will be publicly accessible via livestream.
OtherCross-border cooperation
-
2025-05-07•Hungary•National Bank of Hungary
The National Bank of Hungary released March 2025 statistics on securities issued by Hungarian residents, showing total outstanding securities at HUF 108,766 billion, with positive transaction flows offset by price losses and exchange-rate effects. Central government securities fell by HUF 687 billion, influenced by higher yields and exchange-rate movements. Revisions were made to securities statistics back to December 2024 due to data corrections.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-05-07•United States•U.S. Financial Services Committee
U.S. House Financial Services Committee Chairman French Hill urged a "back-to-basics" approach for the IMF and multilateral development banks, criticizing their climate and social policy focus. Hill proposed eliminating the Resilience and Sustainability Facility, emphasizing the Poverty Reduction and Growth Trust, and requiring legislative approval for future Special Drawing Rights allocations. He urged ceasing all assistance to China, while supporting nuclear energy financing and prioritizing public health, education, and infrastructure.
Policy & regulationReform agendas & prioritiesOther
-
2025-05-07•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority, in coordination with the Minister of Local Development and the Social Housing and Mortgage Finance Support Fund, plans to enhance the use of non-banking financial services and insurance products. Joint working teams will develop an executive plan to extend these services, focusing on insurance coverage and financial awareness, to a wider citizen base, including rural areas.
Policy & regulationCooperationFinancial inclusionDomestic cooperation
-
2025-05-07•Canada•Payments Canada
Payments Canada announced that the Real-Time Rail (RTR) system is on schedule for completion in Q3 2025, as per the program plan. The update, shared at The Payments Canada SUMMIT with partners Interac, CGI, IBM Canada, and Deloitte Canada, emphasized the collaborative approach. Testing is expected to continue through 2025 and 2026, with the RTR launching post successful testing.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
-
2025-05-07•Sri Lanka•Central Bank of Sri Lanka
The Central Bank of Sri Lanka has updated supervisory requirements for licensed commercial and specialised banks to report IT and cybersecurity incidents, enhancing operational resilience. The directive specifies reportable incidents, including intrusions, scams, outages, and regulatory non-compliances, with immediate and periodic reporting obligations. The 2016 circular on cybersecurity event reporting is revoked.
Policy & regulationRules & requirementsCyber resilience
-
2025-05-07•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway released a report on Sparebanken Sør's securities fund marketing, highlighting unclear and complex online price information. Key issues include the need for customers to calculate total costs themselves and difficulty in locating nominal fund prices. Sparebanken Sør agreed with the findings and plans interim corrections before a full webpage redesign following its merger with Sparebanken Vest.
SupervisionReviews, inspections & stress testsDisclosures
-
2025-05-07•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority (Finanstilsynet) will host a seminar on 5 June 2025, addressing vulnerabilities in Norway’s financial system and banks' stress resilience. The event will feature Finanstilsynet’s Financial Outlook report, stress test results, and insights from over 60 inspections. Discussions will also cover regulatory simplification efforts at European, Nordic, and Norwegian levels.
SupervisionRisk monitoring & watch pointsStress testingFinancial stability and systemic risk
-
2025-05-07•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has launched a VND 500 trillion credit package through 21 commercial banks to support infrastructure and digital technology investments, offering preferential lending terms. Contributions come from state-owned and private banks, with a minimum interest rate discount of 1 percentage point and a preferential period of at least two years. The central bank is working with ministries to define eligible sectors and manage funding challenges, with implementation efforts underway since April.
Policy & regulationImplementation, projects & pilotsLending
-
2025-05-07•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets (CNPF) identified non-compliance by BT LEASING MD in a consumer leasing arrangement and rejected INTACT ASIGURARI GENERALE SA's appeal regarding motor third party liability (MTPL) claim handling. BT LEASING MD breached Law No. 202/2013 by altering contract terms and imposing abusive penalties, prompting CNPF to seek court action. INTACT ASIGURARI GENERALE's appeal against a decision requiring claim regularisation under Law No. 106/2022 was denied.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
-
2025-05-07•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway fined Revisor-Partner AS NOK 300,000 for serious breaches of the Auditor Act, including deficiencies in client acceptance, audit evidence sufficiency, and professional scepticism. The report highlighted inadequate assessments of management integrity, reliance on management representations, insufficient fraud risk identification, and a deficient anti-money laundering risk assessment, with potential follow-up actions on the firm's quality management practices.
EnforcementInvestigations & enforcement actionsAuditing
-
2025-05-07•Chile•Chile Financial Market Commission
The Chile Financial Market Commission sanctioned Jorge Said Yarur with a UF 200 fine for violating insider trading restrictions under the Securities Market Law. Said Yarur, brother of a Parque Arauco S.A. director, sold 1.3 million shares before the issuer's financial statements disclosure, breaching Article 16(5) of Law No. 18,045.
EnforcementInvestigations & enforcement actionsMarket abuse
-
2025-05-07•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission has launched a second consultation on updating reporting requirements under Law No. 20,009 (Fraud Act). The proposal amends General Rule No. 487 to align with Law No. 21,673, adding fields for fraud-claim processing, judicial actions, and expanding reporting to include more case types and user claim requirements.
Policy & regulationRules & requirementsRegulatory reporting
-
2025-05-07•Chile•Chile Financial Market Commission
The Chile Financial Market Commission amended Chapter 8-1 of the Updated Compilation of Banking Regulations to ease access for non-resident, non-domiciled counterparties to overdrafts in Chilean pesos. This change allows banks to use alternative instruments for debt collection, except for entities with high risk ratings or global systemic importance. The amendment, from the Market Development Committee, aims to support the internationalization of the Chilean peso and improve market liquidity.
Policy & regulationRules & requirementsCross-border paymentsMarket development
-
2025-05-07•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission sanctioned 30 Private Investment Fund Managers for failing to meet quarterly disclosure obligations under General Rule No. 475. Sanctions included fines ranging from UF 30 to UF 330 and censures, with the highest fines imposed on IBF Capital Administradora S.A. and Gestora La Avanzada S.A.
EnforcementInvestigations & enforcement actionsOther
-
2025-05-07•China•China Securities Regulatory Commission
The China Securities Regulatory Commission's "Action Plan for Promoting High-Quality Development of Publicly Offered Funds" aims to shift from scale-driven growth to investor-return outcomes. Reforms include performance-benchmark-based floating management fees, enhanced governance, risk controls, new regulatory guidelines, and disclosure templates. The plan emphasizes faster registration, revised fund company governance standards, and stronger legal and enforcement tools.
Policy & regulationReform agendas & prioritiesOther
-
2025-05-07•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has released an action plan to enhance the public mutual fund sector, focusing on investor returns over asset gathering. Key measures include a floating management fee model linked to fund performance, strengthened alignment between fund managers and investors, and improved governance and liquidity risk frameworks. The plan also calls for optimized fund registration, more index funds, and enhanced performance assessments.
Policy & regulationImplementation, projects & pilotsOther
-
2025-05-07•United States•Office of the Comptroller of the Currency
The United States Office of the Comptroller of the Currency (OCC) issued Interpretive Letter 1184, clarifying that national banks and federal savings associations can provide crypto-asset custody and execution services. Banks may buy and sell assets at a customer's direction and outsource these activities to third parties, subject to risk management practices. All activities must comply with applicable law and be conducted safely, referencing authority from Interpretive Letters 1170 and 1183.
Policy & regulationGuidance & interpretationClient asset custody and safekeepingOutsourcing and third-party risk management
-
2025-05-07•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) has initiated a public consultation on General Resolution 1065 to establish two new special public offering regimes for shares with "automatic authorisation" to simplify market access and reduce IPO costs. The low-impact regime exempts issuers from general-entry documentation and ongoing disclosure, while the medium-impact regime requires only annual financial statements under Argentine standards. Existing issuers can transfer to these regimes if they meet certain criteria, with CNV maintaining supervisory and investor-protection powers.
Policy & regulationRules & requirementsSecurities offerings and listings
-
2025-05-07•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission released a transcript from a State Council Information Office press conference detailing financial policies aimed at supporting market stability and stabilizing expectations.
Policy & regulationGuidance & interpretationMonetary policy decisions and developments
-
2025-05-07•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration's 2025 agenda for micro and small enterprises focuses on maintaining volume, improving quality, stabilizing prices, and optimizing structure in inclusive finance. It emphasizes credit support, risk management, financial technology to reduce costs, improved loan pricing, and outreach to first-time borrowers. Banks and insurers should enhance incentives, resource support, and product development, focusing on coordination and information sharing.
Policy & regulationReform agendas & prioritiesSME financing