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  • 2025-05-07MaldivesMaldives Monetary Authority

    Maldives Monetary Authority launches the Maldives Islamic Social Finance Initiative with MVR 250 million pledged for Shariah-compliant social finance programmes

    The Maldives Monetary Authority launched the Maldives Islamic Social Finance Initiative to integrate Islamic social finance into the national banking framework, focusing on socially impactful projects. It will use instruments like Sadaqah, Waqf, and Islamic crowdfunding, with initial funding of MVR 250 million from Bank of Maldives, Maldives Islamic Bank, and the MMA. The pilot phase will develop digital platforms and financial products for underserved communities, aiming for scalable growth.

    Policy & regulationImplementation, projects & pilotsFinancial inclusionMarket development
  • 2025-05-07ArgentinaArgentina Superintendency of Insurance

    Argentina Superintendency of Insurance launches centralized public search tool for authorised insurance market participants

    Argentina’s Superintendency of Insurance has launched a centralized public consultation tool for verifying the registration and authorization of individuals and entities in the insurance market. The platform allows name-based searches for insurance companies, producers, advisers, actuaries, and other regulated subjects, enhancing transparency and public access to information.

    Policy & regulationImplementation, projects & pilotsLicence approval
  • 2025-05-07AustraliaAustralian Competition and Consumer Commission

    Australian Competition and Consumer Commission consults on authorising AusPayNet and paper clearing members to coordinate the wind-down of Australia’s cheques system

    The Australian Competition and Consumer Commission has issued a draft determination proposing to grant authorisation AA1000689, allowing Australian Payments Network Limited and members of the Australian Paper Clearing System to collaborate on the government's planned wind-down of the cheques system, with cessation targeted by 2029. Submissions on the draft are due by 23 May 2025, with the authorisation proposed until 31 December 2030.

    SupervisionAuthorisations & approvalsPayments and payment systems
  • 2025-05-07United Arab EmiratesGeneral Pension and Social Security Authority

    General Pension and Social Security Authority launches May 2025 awareness campaign on medical retirement and work fitness assessments

    The General Pension and Social Security Authority (GPSSA) launched a May 2025 awareness campaign on medical retirement, addressing increased public engagement on social media. The initiative clarifies eligibility for retirement due to medical unfitness and directs insured individuals to the Work Fitness Assessment service via the Ma’ashi platform. GPSSA outlines conditions under Federal Law No. 7 of 1999 for retirement due to total disability from work injuries, non-work causes, and permanent medical unfitness.

    Financial literacy & educationOther
  • 2025-05-07MongoliaCentral Bank of Mongolia

    Central Bank of Mongolia presents results of Mongolia’s first climate scenario analysis involving six banks

    The Central Bank of Mongolia, with the United Nations Economic and Social Commission for Asia and the Pacific, presented Mongolia’s first bottom-up Climate Scenario Analysis (CSA) assessing climate-related financial risks across six banks. Part of the "Readiness Support for Greening the Bank of Mongolia" project, it applied climate transition and physical risk scenarios, focusing on drought-dzud and flooding. The CSA aims to encourage broader participation from banks and financial institutions in future assessments.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-05-07TaiwanTaiwan Financial Services Commission

    Taiwan Financial Services Commission plans digital insurer regime overhaul including six-month innovation protection and lower capital floors of NT$500 million and NT$1 billion

    The Taiwan Financial Services Commission (FSC) plans to revise rules for internet-only insurers, renaming them "digital insurers" and expanding their product and operational scope. The framework includes reduced capital requirements, eased founder thresholds, and provisions for foreign digital insurers to establish branches in Taiwan. The FSC will introduce a six-month innovation protection period for new products and continue regulatory revisions with public consultations.

    Policy & regulationRules & requirementsFintech and insurtech
  • 2025-05-07TaiwanTaiwan Financial Services Commission

    Taiwan's Financial Supervisory Commission sets new policy direction for digital insurers including broader operating scope and lower minimum capital

    Taiwan's Financial Supervisory Commission will revise the qualification framework for "internet-only insurers," transitioning to a broader "digital insurer" concept with eased entry and operating constraints. Changes include renaming to "digital insurer," allowing physical service locations, and lowering minimum paid-in capital requirements. Foreign digital insurers meeting specific criteria may apply to establish a branch in Taiwan, with further regulatory revisions and public hearings planned.

    Policy & regulationRules & requirementsFintech and insurtech
  • 2025-05-07TaiwanTaiwan Financial Services Commission

    Taiwan Financial Supervisory Commission consults on rule changes to broaden digital insurer models and lower minimum capital requirements

    Taiwan's Financial Supervisory Commission has released draft amendments to support digital insurers, renaming the "internet-only insurer" framework to "digital insurer" and expanding business models. Key changes include removing the time limit for establishing digital insurers, reducing minimum paid-in capital requirements, and allowing physical operations. The draft also introduces innovation protection mechanisms and sets requirements for foreign insurers establishing digital branches in Taiwan.

    Policy & regulationRules & requirementsFintech and insurtech
  • 2025-05-07United KingdomThe Pensions Regulator

    United Kingdom's The Pensions Regulator updates guidance to improve third-party applications for independent trustee appointments and other powers

    The Pensions Regulator (TPR) has issued updated guidance to assist trustees, scheme managers, and sponsoring employers in making third-party applications for TPR to exercise certain powers, such as appointing an independent trustee. The guidance clarifies the roles of applicants, TPR’s case team, and the Determinations Panel, emphasizing the applicant's responsibility to provide evidence for the use of powers.

    Policy & regulationGuidance & interpretationOther
  • 2025-05-06Dominican RepublicPensions Superintendency (SIPEN)

    Dominican Republic's Pensions Superintendency updates interactive map showing pension funds invested DOP 147,961 million across 170 projects

    The Dominican Republic's Pensions Superintendency (SIPEN) updated its Interactive Map of pension fund investments, showing a 30.86% increase in investment value to DOP 147,961 million and a 10.39% rise in projects to 170 by December 2024. The Commission for Risk Rating and Investment Limits (CCRyLI) approved 56 investment funds, totaling DOP 446,532 million, as eligible for pension fund investments. These investments span sectors like tourism, real estate, and sustainable energy, impacting over half of the country's provinces.

    Data & statisticsMarket development
  • 2025-05-06GlobalEgmont Group

    Egmont Group reinforces cooperation with MENAFATF at the 40th Plenary and spotlights female leadership

    The Egmont Group updated on its cooperation with the Middle East and North Africa Financial Action Task Force (MENAFATF), emphasizing the role of Financial Intelligence Units (FIUs) in combating money laundering and terrorist financing in the MENA region. The update highlighted discussions at MENAFATF’s 40th Plenary and contributions of Egmont Group Chair Elzbieta Franków-Jaskiewicz and Vice-Chair Sheika May Al Khalifa in fostering collaboration.

    Policy & regulationCooperationAML and CFTFinancial inclusion
  • 2025-05-06MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro highlights cooperation with Narodowy Bank Polski and supports stronger Montenegro Poland economic ties

    The Central Bank of Montenegro reported a meeting between Governor Irena Radovic and Veljko Milonjic on enhancing Montenegro–Poland economic cooperation. Discussions highlighted collaboration with Narodowy Bank Polski under an EU-financed program to strengthen central bank capacities in the Western Balkans. Poland's upcoming role as chair of the Council of the European Union presents opportunities for advancing Montenegro's European integration efforts.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-06MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro meets incoming ambassador to Denmark to explore stronger economic and central bank cooperation

    The Central Bank of Montenegro's Governor Irena Radovic met with Snežana Radovic, Montenegro’s future ambassador to Denmark, to discuss enhancing bilateral economic cooperation. Key areas included the green transition, digital transformation, and sustainable tourism, with potential collaboration between the two central banks. The meeting also considered Montenegro's positioning in the European context during Denmark's upcoming EU Council presidency.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-06FranceFrance Autorite des marches financiers

    France's Financial Markets Authority warns against nine unauthorised crypto-asset websites operating in France

    France's Financial Markets Authority (AMF) issued a public warning and updated its list of websites illegally offering crypto-assets or services in France. Newly flagged sites include capstellar.com, exchangesage.com, and gateusd.com. The AMF advises investors to consult its blacklist and whitelist for authorised service providers.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-05-06MexicoMexico Comision Nacional Bancaria y de Valores (CNBV)

    Mexico's National Banking and Securities Commission publishes Q1 2025 liquidity ratios with median Liquidity Coverage Ratio at 278%

    Mexico's National Banking and Securities Commission (CNBV) released Q1 2025 liquidity metrics for banks, showing all institutions met or exceeded the 100% regulatory minimum for liquidity ratios. The median individual and consolidated Liquidity Coverage Ratio (CCL) was 278%, and the median individual and consolidated Net Stable Funding Ratio (CFEN) was 148% and 146%, respectively.

    Data & statistics
  • 2025-05-06New ZealandReserve Bank of New Zealand

    Reserve Bank of New Zealand releases 2024 general insurance stress test results showing claims could be met after extreme Hikurangi quake but solvency recovery depends on parent capital and reinsurance

    The Reserve Bank of New Zealand's 2024 General Insurance Industry Stress Test revealed that while insurers could meet policyholder claims in extreme earthquake and cyber scenarios, substantial mitigating actions would be necessary to restore solvency. The test highlighted the importance of capital injections, reinsurance, and fiscal buffers, with insights informing the Reserve Bank's review of solvency standards and recovery planning.

    SupervisionReviews, inspections & stress testsStress testing
  • 2025-05-06CyprusCentral Bank of Cyprus

    Central Bank of Cyprus publishes updated aggregated banking sector non-performing loan data showing a slight fall in the NPL ratio to 6.2%

    The Central Bank of Cyprus reported a slight decrease in the non-performing loans (NPLs) ratio to 6.2% as of February 2025, down from 6.3% in January. This decline is attributed to repayments, positive movements in Served Categories, write-offs, and exchange rate fluctuations. The coverage ratio for non-performing exposures (NPEs) with default provisions rose to 58.9%, while restructured loans totaled EUR 1.3 billion, with EUR 0.7 billion still classified as NPEs.

    Data & statisticsFinancial and market indicators
  • 2025-05-06BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority warns consumers about seven newly identified fake online credit lenders

    The Belgium Financial Services and Markets Authority (FSMA) issued a warning about unauthorized lenders offering fake credit to Belgian consumers online, identifying seven fraudulent operators. These scams involve "cloned firm" fraud, where fraudsters misuse the names or logos of legitimate institutions and offer attractive loan terms. Consumers are urged to verify lender authorization on the FSMA website and avoid paying upfront fees.

    SupervisionAlertsFraud and scams
  • 2025-05-06UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market registers bond issuance amendments and grants capital markets licences to GONZO INVEST and EA INVEST

    The Ukraine National Commission on Securities and Stock Market registered amendments to corporate bond offerings and issuance decisions for PJSC Pharmaceutical Firm Darnitsa and TAS Dniprovagonmash LLC. It also registered share issuance result reports for JSC Ukrainian Distribution Networks and PJSC Stalkanat, approved a financial monitoring officer for COMEX SECURITIES LLC, and issued new licenses for Gonzo Invest LLC and FC "EA INVEST" LLC.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique and Bank of Mozambique sign memorandum to coordinate AML CFT and proliferation financing supervision

    The Insurance Supervision Institute of Mozambique and the Bank of Mozambique signed a memorandum to enhance cooperation against money laundering, terrorist financing, and weapons proliferation. This agreement establishes a framework for information sharing and joint actions, aligning with Mozambique's National Strategy for 2023–2027 and efforts to exit the Financial Action Task Force grey list. Additionally, the Insurance Supervision Institute joined the Bank Supervision Application platform for improved oversight.

    SupervisionCooperationAML and CFTCross-border cooperation
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique adopts Bank Supervision Application to strengthen insurance supervision and AML monitoring

    The Insurance Supervision Institute of Mozambique conducted outreach in Beira, focusing on financial education and anti-money laundering. It held its 12th insurance capacity-building programme, aligning with Mozambique’s National Financial Inclusion Strategy, and promoted the Bank Supervision Application for better supervision and data management. A briefing on compulsory motor third-party liability insurance was also provided to local authorities.

    SupervisionSupervision approach, priorities & toolkitFinancial literacy and education
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique holds AML CFT and WMD proliferation financing workshop for insurers in support of grey list exit efforts

    The Insurance Supervision Institute of Mozambique held a workshop in Maputo to enhance anti-money laundering and counter-terrorist financing practices in the insurance sector. The event aimed to improve risk assessment and clarify obligations under the AML/CFT framework. Participants requested further training and standardization of reporting templates.

    Policy & regulationGuidance & interpretationAML and CFT
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique holds seminar on AML CFT obligations and national risk assessment results

    The Insurance Supervision Institute of Mozambique held its fourth outreach seminar in Inhambane, focusing on preventing money laundering and terrorist financing as part of the 2023–2027 strategy. The seminar aimed to disseminate the National Risk Assessment results and reinforce obligations under Law No. 11/2022 for entities under the Institute's supervision. This initiative is linked to broader reforms and Mozambique's strategy to be removed from the grey list approved by the Council of Ministers in December 2022.

    Policy & regulationGuidance & interpretationAML and CFT
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique consults market on proposed revisions to insurance and pensions legislation

    The Insurance Supervision Institute of Mozambique, with the World Bank and a consortium, held a seminar in Maputo to discuss revising Mozambique’s insurance and pensions legislation. The initiative aims to update the legal framework to support sector development, consumer protection, and market stability. The seminar aligns with Mozambique's efforts to exit the Financial Action Task Force grey list and includes plans to modernize supervisory information systems.

    Policy & regulationRules & requirementsSupervision process and methodologies
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique delivers its 13th insurance training in Nampula focused on mandatory cover uptake and market oversight

    The Insurance Supervision Institute of Mozambique held its 13th insurance capacity-building programme in Nampula to enhance insurance knowledge and support compulsory insurance implementation. This aligns with the National Financial Inclusion Strategy, emphasizing consumer protection and anti-money laundering. The programme also addressed regional insurance market engagement and included a session on compulsory motor third-party liability insurance for local authorities.

    Policy & regulationImplementation, projects & pilotsFinancial literacy and education
  • 2025-05-06MozambiqueInsurance Supervision Institute of Mozambique

    Insurance Supervision Institute of Mozambique outlines sector priorities at the first Annual Insurance Conference

    The Insurance Supervision Institute of Mozambique reported on the Mozambique Insurers Association’s first Annual Insurance Conference, emphasizing the need for growth in life insurance, pensions, and microinsurance. The Vice-Minister of Economy and Finance urged collaboration with the government to enhance consumer education and modernize systems. Supported by experts, the conference aimed to strengthen the insurance sector and addressed topics like legal regime trends, climate events, and financial inclusion.

    Policy & regulationOtherMarket development
  • 2025-05-06PakistanSecurites & Exchange Commission of Pakistan

    Securities and Exchange Commission of Pakistan cuts Electronic Mortgage Register access fee to PKR 3,000 and expands access to registered intermediaries

    The Securities and Exchange Commission of Pakistan has approved reforms to the Electronic Mortgage Register, reducing access fees from PKR 15,000 to PKR 3,000 and extending validity from 30 to 90 days. Enhancements include expanded access for intermediaries, improved transparency with separate charge displays, and new features like monthly auto-alerts and prepayment options. These changes aim to streamline mortgage processing and enhance digital access for financial and corporate sectors.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-05-06GeorgiaNational Bank of Georgia

    National Bank of Georgia convenes Customs Department and banks on New Computerized Transit System and upcoming mandatory Georgian guarantees

    The National Bank of Georgia conducted a meeting with key financial stakeholders to discuss simplified customs procedures under the New Computerized Transit System (NCTS). The Customs Department outlined NCTS changes, including mandatory Georgian guarantees for cargo exiting and transiting Georgia starting May 15 and June 1, 2025, respectively. Regular informational meetings are planned.

    Policy & regulationGuidance & interpretationOther
  • 2025-05-06AlgeriaAlgeria Market Authority (COSOB)

    Algeria Market Authority promotes stock market and private equity financing at information day on nontraditional funding

    The Algeria Market Authority and the Algerian Chamber of Commerce and Industry held an information day focused on financing outside traditional channels. COSOB used the event to promote the stock market and private equity as funding options, especially for SMEs, and to encourage businesses to diversify beyond conventional financing.

    Policy & regulationCooperationSME financing
  • 2025-05-06NigeriaNigeria Securities & Exchange Commission

    Nigeria Securities and Exchange Commission warns public against unauthorized presale of Punisher Coin

    The Nigeria Securities and Exchange Commission issued a warning against an unauthorized presale of "PUNISHER COIN" ($PUN), noting the promoters are not registered in the Nigerian capital market. The Commission highlighted that PUNISHER COIN, a meme coin, lacks intrinsic value and is prone to pump-and-dump schemes. The public is advised to verify the registration status of digital assets and their promoters before investing.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-05-06NigeriaNigeria Securities & Exchange Commission

    Nigeria Securities & Exchange Commission directs public companies and registrars to honour unclaimed dividend claims pending Unclaimed Funds Trust Fund

    The Nigeria Securities & Exchange Commission issued a circular clarifying that public companies and registrars must continue honouring shareholder requests for unclaimed dividends, rather than treating them as "statute-barred," pending the operationalisation of the Unclaimed Funds Trust Fund (UFTF). This directive, based on Section 60 of the Finance Act 2020, applies to dividends unclaimed for six years or more, which are to be transferred to the UFTF. The measure is interim until the UFTF is established under the Investments and Securities Act 2025.

    Policy & regulationGuidance & interpretationAccounting and financial reporting
  • 2025-05-06ChinaCentral Bank of the Republic of China

    People's Bank of China and China Securities Regulatory Commission set out measures to support issuance of science and technology innovation bonds

    The People's Bank of China and the China Securities Regulatory Commission announced a framework to support science and technology innovation bonds, aiming to expand the bond market and fund technology innovation. It allows financial institutions, technology companies, and private equity and venture capital to raise funds for technology investments with flexible issuance methods and streamlined processes. The framework includes tailored credit rating approaches, broader investor participation, and enhanced risk mitigation tools.

    Policy & regulationRules & requirementsMarket developmentSecurities offerings and listings
  • 2025-05-06IndonesiaBank Indonesia

    Bank of Indonesia survey shows primary-market residential price growth moderates to 1.07% year on year in Q1 2025

    Bank of Indonesia's Residential Property Price Survey for Q1 2025 shows a 1.07% year-on-year increase in the Residential Property Price Index, down from 1.39% in Q4 2024. Primary-market residential sales rose 0.73% year on year, driven by small property sales, while medium and large house sales declined. Developers primarily used non-bank financing, while bank loans remained the main funding source for buyers.

    Data & statistics
  • 2025-05-06LatviaMinistry of Finance (Latvia)

    Latvia's Ministry of Finance updates Financial Sector Development Council on MONEYVAL review progress and planned FinTech growth targets

    Latvia's Ministry of Finance reported on the Financial Sector Development Council meeting, chaired by the Prime Minister, which reviewed Latvia’s progress in MONEYVAL’s sixth-round assessment and discussed strengthening financial sector security and transparency. The Council also focused on developing Latvia’s FinTech sector, with input from the Financial Intelligence Unit, FinTech Latvia Association, and Latvian Blockchain Association, highlighting public-private cooperation and strategic objectives like increasing FinTech firms and international visibility.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-05-06PortugalBank of Portugal

    Bank of Portugal publishes March 2025 banking rate statistics showing household term deposit rates at 1.69% and new housing lending at EUR 1.951bn

    The Bank of Portugal's March 2025 data shows a continued decline in average rates for new household term deposits to 1.69% and new housing lending to 3.11%. New housing loan contracts rose to EUR 1.951 billion, while new household lending totaled EUR 3.245 billion, with borrowers aged 35 or under making up 56% of new lending for owner-occupied residences. Corporate new lending volumes increased to EUR 2.355 billion, with the average rate falling to 4.06%.

    Data & statisticsFinancial and market indicatorsMonetary data
  • 2025-05-06GuernseyMinistry of Finance (Guernsey)

    Ministry of Finance (Guernsey) announces Guernsey hosted International Anti-Corruption Coordination Centres associate members meeting

    Guernsey hosted the International Anti-Corruption Coordination Centres Associate Members Annual Working Group Meeting for the first time outside London, the U.S., and Singapore. Opened by Deputy Rob Prow, the event focused on enhancing cross-jurisdiction cooperation in grand corruption investigations and financial intelligence sharing. Guernsey's Financial Intelligence Unit highlighted its role in mitigating money laundering and terrorist financing risks identified in the National Risk Assessment.

    Policy & regulationCooperationBribery and corruption
  • 2025-05-06United StatesConsumer Financial Protection Bureau

    United States' Consumer Financial Protection Bureau de-prioritises enforcement of Regulation Z guidance on Buy Now, Pay Later digital user accounts

    The Consumer Financial Protection Bureau (CFPB) announced it will de-prioritize enforcement of its Truth in Lending (Regulation Z) guidance concerning digital user accounts for Buy Now, Pay Later loans. The CFPB will redirect resources to address more pressing consumer threats, especially those affecting servicemen and veterans, and is considering rescinding the Buy Now, Pay Later guidance.

    SupervisionSupervision approach, priorities & toolkitBNPL
  • 2025-05-06AustraliaAustralian Financial Complaints Authority

    Australian Financial Complaints Authority updates EDR response guide for add-on insurance complaints with compliance expected from 19 May 2025

    The Australian Financial Complaints Authority (AFCA) released an updated External Dispute Resolution response guide for add-on insurance complaints, effective from 19 May 2025, to enhance complaint resolution efficiency. Firms are urged to align responses with the guide, even when disputing AFCA's jurisdiction.

    Policy & regulationGuidance & interpretationComplaints and dispute resolution
  • 2025-05-06Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission engages UAE regulators and Web3 firms to deepen cooperation on virtual asset regulation

    The Hong Kong Securities and Futures Commission (SFC) engaged with regulatory counterparts and Web3 industry participants in Abu Dhabi and Dubai to discuss virtual asset regulation, aligning with its ASPIRe roadmap. Meetings with the United Arab Emirates Securities and Commodities Authority focused on evolving regulatory approaches and the need for clarity. The SFC aims to enhance its overseas network and explore cross-border opportunities with Middle Eastern markets.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-06Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission and Hong Kong Stock Exchange launch Technology Enterprises Channel and allow confidential filing for specialist technology and biotech listings

    The Hong Kong Securities and Futures Commission and The Stock Exchange of Hong Kong Limited have launched the Technology Enterprises Channel (TECH) to assist Specialist Technology and Biotech Companies with Main Board listing applications, including a new confidential filing option. TECH offers early engagement and guidance on eligibility, suitability, and Listing Rule questions for Main Board Chapters 18C and 18A. The confidential filing option allows eligible companies to submit Application Proofs confidentially under Main Board Rule 2.04.

    Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
  • 2025-05-06AustriaAustrian National Bank (OeNB)

    Austrian National Bank reports Austria posted a EUR 11.7 billion current account surplus in 2024 and record foreign financial assets

    The Austrian National Bank reported a 2024 current account surplus of EUR 11.7 billion (2.4% of GDP), driven by a higher net balance in goods trade and stable tourism earnings. Despite declines in both exports and imports, Austria's foreign financial assets reached a record EUR 1,190 billion. The OeNB noted potential impacts from U.S. tariff measures, which could reduce Austria’s real value added by up to 0.3%.

    Data & statisticsBalance of payments and other external statistics
  • 2025-05-06FranceBank of France

    Bank of France publishes CCSF report proposing 16 measures to improve customer understanding of AML CFT obligations

    The Bank of France released a report on customer perceptions of AML/CFT regulations, proposing 16 measures to improve understanding and acceptance. It emphasizes better communication, simplified know-your-customer processes, and digital identity use, noting challenges like frequent information requests and varying expectations, impacting professionals, humanitarian groups, politically exposed persons, and French citizens abroad.

    Policy & regulationGuidance & interpretationAML and CFTConsumer and investor protection
  • 2025-05-06KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Kazakhstan Agency for Regulation and Development of the Financial Market reports KZT 7.5 billion in automatic loan deferrals for conscripts and flags proposed lending ban

    The Agency for Regulation and Development of the Financial Market of Kazakhstan outlined protections for conscripted citizens, including automatic deferral of microcredit and bank loan payments during military service and 60 days post-demobilisation, with no interest or penalties. As of early 2025, 20,100 of 22,400 conscripted borrowers had loans deferred, totaling KZT 7.5 billion. Additionally, the Mazhilis approved a draft law prohibiting lending to servicemembers during compulsory military service.

    Policy & regulationRules & requirementsLending
  • 2025-05-06CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission notes initiation of dissolution and liquidation of The Three Tuns Capital RAIF

    The Cyprus Securities and Exchange Commission (CySEC) announced that MFO Asset Management Ltd has initiated the dissolution and liquidation of The Three Tuns Capital RAIF F.C.I.C. PLC. The fund will remain listed as "under liquidation" until the process is completed and necessary documents are submitted to CySEC.

    SupervisionAuthorisations & approvalsOther
  • 2025-05-06CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission and University of Cyprus launch financial education campaign after survey finds 22% invest based solely on online ads and influencers

    The Cyprus Securities and Exchange Commission and the University of Cyprus launched a campaign to highlight financial decision-making pitfalls using real accounts of losses. A survey showed 22% of investors relied solely on online ads or social media for decisions. Campaign materials target younger audiences via CySEC’s website and social media, offering financial tips and resources.

    Financial literacy & educationFinancial literacy and education
  • 2025-05-06Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority alerts public to phishing instant messages impersonating Industrial and Commercial Bank of China (Asia)

    The Hong Kong Monetary Authority (HKMA) issued an alert regarding phishing instant messages linked to Industrial and Commercial Bank of China (Asia) Limited. The HKMA emphasized that banks will not request sensitive information via SMS, email, or embedded hyperlinks. Individuals who have disclosed personal information are advised to contact the bank and report to the Police.

    SupervisionAlertsFraud and scams
  • 2025-05-06Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority survey finds SME credit conditions steady with 75% seeing similar or easier bank approvals in Q1 2025

    The Hong Kong Monetary Authority's survey for Q1 2025 indicates stable credit conditions for SMEs, with 75% perceiving banks' credit approval stance as "similar" or "easier" than six months prior. Among SMEs with existing credit lines, 5% reported a "tighter" stance, up from 0% previously. Only 3% applied for new credit, with 79% of those applications being fully or partially successful.

    Data & statisticsEconomic data and developments
  • 2025-05-06United KingdomUK Parliament

    UK Parliament’s Business and Trade Committee convenes evidence session on UK economic security and investment screening

    The UK Parliament’s Business and Trade Committee is holding hearings on economic security, focusing on critical supply chains and the investment screening regime. The inquiry addresses threats like hostile state actions, cyber-attacks, and intelligence sharing with the private sector, linked to concerns over Chinese ownership of British Steel and high-impact cyber-attacks. Witnesses include experts from Global Counsel, Control Risks, Flint Global, and RAND Europe.

    Policy & regulationReform agendas & prioritiesGeopolitical risk
  • 2025-05-06GlobalBank for International Settlements

    Bank for International Settlements and South African Reserve Bank launch G20 TechSprint 2025 on trust and integrity in scalable and open finance

    The Bank for International Settlements and the South African Reserve Bank have launched the sixth G20 TechSprint, a global competition for technology solutions enhancing trust and integrity in scalable and open finance. The 2025 challenge focuses on digital identity solutions, credit data portability, and fraud mitigation for fast payment systems. Developers worldwide can participate, with winners receiving USD 30,000 per category.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechRegtech and suptech
  • 2025-05-06ThailandThailand Office of Insurance Commission

    Thailand Office of Insurance Commission reports record 4.6654 out of 5 score for the Victims of Motor Vehicle Accident Fund in Comptroller General’s revolving fund assessment

    The Thailand Office of Insurance Commission reported that the Victims of Motor Vehicle Accident Fund achieved a 4.6654 out of 5 score in the Comptroller General’s Department’s fiscal year 2567 performance assessment. This highest-ever score was attributed to the fund's strategic plan, enhanced technology use, and improved internal controls and risk management. Key management systems monitored included finance, objective delivery, risk management, information, and human resources management.

    SupervisionReviews, inspections & stress testsOther
  • 2025-05-06Middle EastUnion of Arab Securities Authorities

    Union of Arab Securities Authorities Board approves 2024 financial statements and 2025 programme and mandates publication of sukuk guidance and market studies

    The Union of Arab Securities Authorities (UASA) Board, in its 19th annual meeting hosted by the Algerian Securities Commission, approved the 2024 financial statements, budget forecast, and 2025 training plan, and agreed to publish a guideline on Islamic sukuk issuance and thematic studies after member feedback. Discussions emphasized cooperation on cybersecurity, fintech, and regulatory best practices, with progress reviewed on the 2021–2025 strategic plan, and plans to draft the 2026–2030 strategic plan.

    Policy & regulationGuidance & interpretationCyber resilienceFinancial inclusion
  • 2025-05-06Middle EastUnion of Arab Securities Authorities

    Union of Arab Securities Authorities approves 2024 annual report outlining sukuk guidance work and cross-border finance initiatives

    The Union of Arab Securities Authorities published its 19th annual report, detailing member activities in market regulation, enforcement, and financial technology, alongside guiding principles for Islamic sukuk issuance and cross-border financial activities. The report highlights a 12.1% increase in global market capitalisation to USD 124.7 trillion in 2024, while Arab market capitalisation decreased by 4.3% to USD 4.4 trillion, with the Saudi Stock Exchange comprising 61.4% of the total.

    Policy & regulationReform agendas & prioritiesActivity and performance reporting
  • 2025-05-06EuropeEuropean Central Bank

    European Central Bank publishes disaggregated Eurosystem financial statement as at 4 April 2025 with total assets of EUR 6,338,174 million

    The European Central Bank released the disaggregated financial statement of the Eurosystem as of 4 April 2025, revealing a consolidated balance sheet total of EUR 6,338,174 million. Key assets include EUR 4,390,681 million in euro-denominated securities and EUR 1,002,214 million in gold, while liabilities feature EUR 2,980,682 million related to monetary policy operations. The statement notes potential negative "capital and reserves" for national central banks due to accumulated losses.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-05-06BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance announces programme for the 12th National Financial Education Week

    The Brazilian Superintendence of Private Insurance (SUSEP) announced its agenda for the 12th National Financial Education Week, focusing on financial education for children and youth. As chair of the Brazilian Forum for Financial Education, SUSEP will lead events including an opening ceremony, discussions on inclusive insurance, and webinars on financial education challenges. Activities will feature collaborations with CNseg, FenSeg, FenaPrevi, and FenaCap, including sessions on insurance access and employee financial wellbeing.

    Financial literacy & educationFinancial literacy and education
  • 2025-05-06BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance joins BRICS PPP and Infrastructure task force in Abu Dhabi and highlights insurance role in risk management

    The Brazilian Superintendence of Private Insurance (SUSEP) attended the BRICS Task Force meeting in Abu Dhabi, focusing on financing mechanisms and international cooperation for climate-resilient infrastructure. Discussions covered PPP project structuring, attracting private capital, hybrid financing, and insurance as a risk-management tool. The meeting also addressed new technologies, government coordination, and capital mobilisation, in preparation for COP30 in Belém.

    Policy & regulationCooperationClimate risk and sustainable finance
  • 2025-05-06BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance launches consultation on ESG and climate guidelines for rural insurance contracts

    The Brazilian Superintendence of Private Insurance (SUSEP) has issued a public consultation on a draft resolution by the National Council of Private Insurance (CNSP) to establish environmental, social, and climate-related guidelines for rural insurance. The proposal aims to align rural insurance rules with the Federal Government’s Ecological Transformation Plan and existing rural credit regulations. It includes mechanisms to expedite access to subsidies and claims while restricting insurance for properties not meeting ESG standards.

    Policy & regulationRules & requirementsClimate risk and sustainable finance
  • 2025-05-06BrazilBrazilian Superintendence of Private Insurance (SUSEP)

    Brazilian Superintendence of Private Insurance amends insurance line tables adding a new road cargo carrier liability branch and updating life and rural run-off classifications

    The Brazilian Superintendence of Private Insurance (SUSEP) issued Resolution No. 51/2025, amending insurance groups and lines in Circular No. 682/2022, effective 1 July 2025. Key changes include new and renamed lines for transport and persons insurance, aligning with recent legal amendments and anticipated resolutions. The update also corrects rural run-off mapping and supports SUSEP's 2023/2024 Regulatory Plan initiatives.

    Policy & regulationRules & requirementsOther
  • 2025-05-06EuropeEuropean Central Bank

    European Central Bank publishes Digital Euro Rulebook Development Group outcome covering identification, fraud and implementation specifications

    The European Central Bank released results from the 21st meeting of the Digital Euro Scheme Rulebook Development Group, detailing progress on rulebook dossiers and implementation specifications. Key updates include a digital euro account number, environmental footprint requirements, draft fraud rules, and operational risk management. The ECB plans to present draft operational risk rules and review updated end-to-end flows in upcoming meetings.

    Policy & regulationImplementation, projects & pilotsCBDC
  • 2025-05-06South AfricaSouth African Reserve Bank

    South African Reserve Bank and Bank for International Settlements launch 2025 G20 TechSprint challenge on digital identity, credit data sharing and payment fraud

    Deputy Governor Mampho Modise of the South African Reserve Bank urged global innovators at the launch of the Bank for International Settlements’ 2025 G20 TechSprint to develop solutions for trust and integrity in open finance. The address emphasized balancing technological innovation with financial stability through TechSprints and innovation facilitators, highlighting regulatory clarity and supervised testing. It outlined three TechSprint challenges: digital identity solutions, secure credit data exchange, and fraud mitigation in fast payment systems.

    Policy & regulationImplementation, projects & pilotsFintech and insurtech
  • 2025-05-06BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission rejects WNT Gestora de Recursos settlement proposal in Light S.A. disclosure investigation

    The Brazil Securities Commission (CVM) board rejected a settlement proposal from WNT Gestora de Recursos Ltda in an enforcement proceeding, despite the Settlement Agreement Committee's recommendation. WNT had agreed to pay BRL 780,000, and the CVM's General Counsel found no legal barriers to the agreement. The case involved alleged disclosure failures about changes to Light S.A.'s administrative structure, potentially breaching CVM Resolution 44.

    EnforcementInvestigations & enforcement actionsOther
  • 2025-05-06MalawiReserve Bank of Malawi

    Reserve Bank of Malawi publishes register of licensed and registered financial institutions operating as at 31 December 2024

    The Reserve Bank of Malawi has released the list of licensed financial institutions as of 31 December 2024, urging the public to transact only with those on the register. The list includes banks, capital markets, microfinance, insurance, and pension entities. The public is advised to report any transactions with unlisted entities to the Registrar of Financial Institutions.

    Policy & regulationGuidance & interpretationLicence approval
  • 2025-05-06MalaysiaMalaysia Securities Commission

    Securities Commission Malaysia launches consultation on a proposed framework for tokenised capital market products

    Securities Commission Malaysia has issued a consultation paper on a proposed framework for tokenised capital market products using distributed ledger technology, separate from existing digital token frameworks. The proposal includes enhanced disclosure, governance, and technology risk management requirements to ensure compliance with securities laws. Feedback is sought from stakeholders, including issuers and technology providers, to support DLT use in capital markets while maintaining investor protection.

    Policy & regulationRules & requirementsTokenizationMarket infrastructure
  • 2025-05-06Solomon IslandsCentral Bank of the Solomon Islands

    Central Bank of the Solomon Islands signs participation agreement with Transpacific Assurance to pilot parametric insurance in Malaita and Guadalcanal

    The Central Bank of the Solomon Islands and Transpacific Assurance Limited have initiated a 12-month pilot of a parametric insurance solution in Malaita and Guadalcanal, aiming for potential expansion across all nine provinces. This initiative, linked to the National Financial Inclusion Strategy 3, seeks to enhance financial resilience through accessible insurance, leveraging digital technology and global partnerships.

    Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
  • 2025-05-06CanadaOntario Securities Commission

    Ontario Securities Commission releases research on rising AI references and shifting sentiment in S&P/TSX Composite issuers’ MD&A disclosures

    The Ontario Securities Commission analyzed AI mentions in financial disclosures by Canadian listed issuers. The study, covering a decade of Management Discussion and Analysis filings from S&P/TSX Composite Index issuers, noted a significant rise in AI mentions and a shift to negative sentiment in 2024. Sentiment varied by sector, with Finance and Information sectors maintaining a more positive outlook compared to others.

    ResearchArtificial intelligenceDisclosures
  • 2025-05-06EuropeEuropean Central Bank

    European Central Bank working paper develops a non-parametric structural inflation model and finds euro area inflation reacts disproportionately to large energy shocks

    The European Central Bank's Working Paper Series No 3052 introduces a Bayesian machine-learning structural inflation model capturing non-linear shock transmission. It shows euro area inflation reacts disproportionately to large shocks, especially energy shocks, suggesting differentiated monetary policy may be needed. The model improves forecast accuracy over a linear Bayesian VAR benchmark, particularly for longer horizons and higher-inflation scenarios.

    Research
  • 2025-05-06GlobalTaskforce on Nature-related Financial Disclosures

    Taskforce on Nature-related Financial Disclosures releases Asking Better Questions on Nature guide for board directors

    The Taskforce on Nature-related Financial Disclosures (TNFD) released its first "Asking Better Questions on Nature" guide to aid board directors in integrating nature-related considerations into governance and strategy. The guide, developed with several partners, outlines 12 key questions for management and highlights analysis expectations for board discussions. TNFD plans further guides for different audiences over the next year.

    Policy & regulationGuidance & interpretationNature-related risk
  • 2025-05-06CanadaFinancial Transactions and Reports Analysis Centre of Canada

    Financial Transactions and Reports Analysis Centre of Canada imposes CAD 36,360 penalty on Immeubles Village Pointe-Claire for AML compliance failures

    The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) imposed a CAD 36,360 penalty on Immeubles Village Pointe-Claire Inc. for non-compliance with the Proceeds of Crime (Money Laundering) and Terrorist Financing Act. Violations included inadequate policies, procedures, and training, as well as deficiencies in recordkeeping for customer and entity identity verification. The penalty has been paid, concluding the proceedings.

    EnforcementInvestigations & enforcement actionsAML and CFT
  • 2025-05-06SwedenFinansinspektionen

    Sweden's Financial Supervisory Authority begins quarterly publication of median fund fees after survey finds many investors unaware of charges

    The Swedish Financial Supervisory Authority's survey found about half of Swedish fund savers unaware of their fund fees. To aid comparison, the authority will publish quarterly median fees for popular fund categories, with Q1 2025 showing median fees of 1.30% for actively managed Sweden and global funds, and 0.25% and 0.35% for Sweden and global index funds, respectively. The survey, conducted with Origo Group, also revealed few investors regularly compare fund fees.

    Financial literacy & educationConsumer and investor protection
  • 2025-05-06GlobalFinancial Standards Planning Board

    Financial Planning Standards Board research finds widespread AI adoption in financial planning alongside privacy and reliability concerns

    The Financial Planning Standards Board published research indicating that two-thirds of surveyed financial planners are using or plan to adopt artificial intelligence (AI) within 12 months, with 78% expecting AI to enhance client service. The study highlights AI's role in client communications, data collection, and risk profiling, while noting concerns about data privacy, cybersecurity, and the need for professional development in data skills.

    ResearchArtificial intelligence
  • 2025-05-06United StatesU.S. Financial Services Committee

    U.S. House Committee on Financial Services chair calls for action on digital asset regulation after objection to joint hearing

    U.S. House Financial Services Chairman French Hill addressed Ranking Member Maxine Waters' objection to a joint subcommittee hearing on digital assets, urging Congress to advance a regulatory framework. Hill emphasized the need for safeguards and regulatory certainty to protect consumers and foster innovation, warning against regulatory limbo. He affirmed ongoing bipartisan efforts to establish a lasting framework for U.S. digital asset leadership.

    Policy & regulationReform agendas & priorities
  • 2025-05-06United StatesU.S. Financial Services Committee

    U.S. House Financial Services Committee and House Agriculture Committee convene joint roundtable on SEC and CFTC roles and digital asset classification

    The U.S. House Financial Services and Agriculture Committees held a joint roundtable on digital assets to evaluate the regulatory roles of the SEC and CFTC. Led by Digital Asset Subcommittee Chairmen Bryan Steil and Dusty Johnson, the discussion emphasized the need for comprehensive legislation to address regulatory gaps and reduce uncertainty, focusing on asset classification, agency jurisdiction, reducing regulatory fragmentation, and establishing sector guardrails.

    Policy & regulationReform agendas & priorities
  • 2025-05-06EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority warns against unlicensed public fundraising and share subscription promotions

    The Egypt Financial Regulatory Authority (FRA) issued guidance on its supervisory remit, warning against unlicensed entities soliciting public funds with promises of "guaranteed" returns. Only registered joint-stock companies can legally receive public funds for investment. The FRA highlighted legal risks associated with unlicensed offerings, cryptocurrencies, and unauthorized public share promotions. The public is advised to verify entities via the FRA's online register and report suspicious activities through its whistleblowing channel.

    Policy & regulationGuidance & interpretationLicensing framework and process
  • 2025-05-06EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority confirms only three licensed gold investment funds and warns against misleading claims of licensing for direct gold sales

    The Egypt Financial Regulatory Authority (FRA) clarified its regulatory perimeter for gold investments, approving only three public gold-focused funds and emphasizing it does not license gold traders for direct sales to citizens. The FRA outlined requirements for fund documentation, eligible metals, and investment managers, reporting that 200,000 investors hold EGP 2.1bn through authorized funds. It warned against misleading promotions suggesting FRA licensing for direct gold purchases and urged verification of authorizations.

    Policy & regulationGuidance & interpretationLicensing framework and process
  • 2025-05-06EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority warns against unlicensed fundraising and securities solicitations and will publish a negative list of unauthorised providers

    The Egypt Financial Regulatory Authority (FRA) warned against engaging with unlicensed entities soliciting investments, securities subscriptions, or financing, highlighting legal risks and penalties. The FRA emphasized compliance with the Capital Market Law and noted penalties for unlicensed crypto activities. It also announced an updated website section listing licensed providers and plans to publish a "negative list" of unlicensed entities.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-05-06ChileCentral Bank of Chile

    Central Bank of Chile publishes price-setting and inflation expectations survey with 12-month median at 4% and 24-month median down to 3.7%

    The Central Bank of Chile released the Survey of Price Determinants and Expectations, indicating firms' inflation expectations at 4% over 12 months and 3.7% over 24 months. Firms reported a slight easing in cost increases, with sales and profit margins remaining stable. The influence of the USD exchange rate on prices has decreased, and input costs and availability impacts have lessened compared to previous quarters.

    Data & statisticsEconomic data and developments
  • 2025-05-06CanadaPayments Canada

    Payments Canada publishes 2025 SUMMIT Day One highlights with focus on fraud, payment legislation and Real-Time Rail progress

    Payments Canada recapped Day One of The 2025 Payments Canada SUMMIT, highlighting discussions on payments innovation and modernization. Key sessions included insights from Interac Corp. on trust and inclusion, a panel on real-time payment fraud, and an Idea Exchange on modern payment legislation. Upcoming sessions will address scams, economic crime, global payments standards, and the Real-Time Rail program.

    OtherPayments and payment systems
  • 2025-05-06VietnamState Bank of Vietnam

    State Bank of Vietnam publishes expert interview on Basel III and IFRS 9 implementation and bank capital needs

    The State Bank of Vietnam published an interview with Peter Verhoeven of Anax Invest on implementing Basel III and IFRS 9 in Vietnamese banks. Verhoeven emphasizes stronger balance sheets, governance, and oversight, highlighting shareholder contributions, foreign investment, and tighter controls as key to capital resilience. He notes IFRS 9 requires forward-looking provisioning and that the transition may temporarily impact credit growth.

    Policy & regulationGuidance & interpretationCapital adequacyPrudential risks
  • 2025-05-06VietnamState Bank of Vietnam

    State Bank of Vietnam appoints Dang Dinh Thich as acting General Director of Vietnam Asset Management Company

    The State Bank of Vietnam appointed Dang Dinh Thich as acting General Director of Vietnam Asset Management Company (VAMC) at a ceremony led by Deputy Governor Pham Tien Dung. The Deputy Governor emphasized expectations for VAMC's transparent operations and stable financial resource development. Dang Dinh Thich committed to achieving the objectives set by the Governor, acknowledging the contributions of Doan Van Thang, the outgoing General Director.

    Institutional developmentLeadership change & appointmentsLeadership change and appointments
  • 2025-05-06VietnamState Bank of Vietnam

    State Bank of Vietnam publishes forum takeaways including calls for bank M&A and a review of foreign ownership limits

    The State Bank of Vietnam's report emphasized the need for banks to enhance innovation, customer experience, and technology adoption to compete globally. Professor John Quelch suggested mergers and easing foreign investment ratios for international expansion. Peter Verhoeven advocated for stronger supervision, adoption of international standards, and improved data oversight to maintain service quality.

    Policy & regulationGuidance & interpretationOther
  • 2025-05-06VietnamState Bank of Vietnam

    State Bank of Vietnam’s Banking Times appoints John Quelch and Peter Verhoeven to Banking Journal high-level advisory council

    The State Bank of Vietnam appointed Professor John Quelch and financial executive Peter Verhoeven to the High-level Advisory Council of Banking Journal to modernize and enhance the publication. This aligns with Deputy Governor Pham Thanh Ha’s directives to improve press quality following organizational changes. The advisers will support the relaunch of the Vietnamese edition and introduce an English-language version.

    Institutional developmentLeadership change & appointmentsOther
  • 2025-05-06VietnamState Bank of Vietnam

    State Bank of Vietnam issues banking-sector plan to roll out the Digital Literacy Movement

    The State Bank of Vietnam has released a banking-sector implementation plan for the Central Steering Committee’s Plan 01, focusing on science, technology, innovation, and digital transformation. The plan emphasizes the "Digital Literacy Movement" and assigns responsibilities to various banking entities to enhance digital skills and safety.

    Policy & regulationImplementation, projects & pilotsCapacity building
  • 2025-05-06VietnamState Bank of Vietnam

    State Bank of Vietnam sets out bank-branding and competitiveness priorities and cites 13 Vietnamese banks in Brand Finance global top 500

    The State Bank of Vietnam's report from a Hanoi forum emphasized the banking sector's role in competitiveness, digital transformation, and international integration. Deputy Governor Pham Thanh Ha outlined a strategy to elevate 2–3 Vietnamese banks into Asia's top 100 by brand by 2025, focusing on financial capacity, governance, transparency, and innovation. Experts recommended mergers, relaxed foreign ownership limits, and adherence to international standards like Basel III to boost global competitiveness.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-05-06VietnamState Bank of Vietnam

    State Bank of Vietnam participates in ASEAN+3 meeting that approves revised Chiang Mai Initiative with rapid financing and freely usable currencies

    Deputy Governor Doan Thai Son attended the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting in Milan, where amendments to the Chiang Mai Initiative Multilateralisation (CMIM) were approved, including a Rapid Financing Facility and freely usable currencies. Discussions covered transitioning CMIM to a paid-in capital model, with a technical working group analyzing governance and operations. The Milan 2025 Joint Statement emphasized local-currency bond markets, disaster risk insurance, and a digital bond platform.

    Policy & regulationRules & requirementsMonetary policy decisions and developments
  • 2025-05-06MoldovaNational Commission for Financial Markets

    Moldova's National Commission for Financial Markets publishes 2024 capital market indicators showing primary market contraction and bond issuance rising to MDL 569.9 million

    Moldova's National Commission for Financial Markets reported a decline in 2024 capital market activity, with a significant drop in primary market issuance, despite a strong rise in corporate and municipal bond issuance. Total securities issues amounted to MDL 674.71 million, with bonds making up MDL 569.9 million, more than double the 2023 level. The Commission noted market stagnation but highlighted increased debt issuance as a positive sign for potential development.

    Data & statisticsFinancial and market indicators
  • 2025-05-06TanzaniaTanzania Capital Market and Securities Authority

    Tanzania Capital Markets and Securities Authority launches 2025 university challenge with prizes up to TZS 1.8 million

    The Tanzania Capital Markets and Securities Authority has launched its 2025 university challenge to build capital markets literacy and investor participation among undergraduates in Tanzania Mainland and Zanzibar. Running from May 2 to Aug. 31, 2025, the program includes quiz and essay competitions, institutional awards and individual prizes of up to TZS 1.8 million. The top 80 winners must invest at least 33% of their awards in capital markets portfolios.

    Financial literacy & educationFinancial literacy and education
  • 2025-05-06GreeceHellenic Capital Market Commission

    Hellenic Capital Market Commission approves QUALCO GROUP prospectus for public offering and Athens Stock Exchange listing

    The Hellenic Capital Market Commission approved QUALCO GROUP S.A.'s prospectus for a public offering and listing on the Athens Stock Exchange. The offering includes newly issued and existing dematerialized, common, registered voting shares, with pre-emption rights for existing shareholders abolished.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-05-06United StatesU.S. Securities & Exchange Commission

    U.S. Securities & Exchange Commission urges review of Regulation A including Tier 2 resale preemption and at-the-market offerings

    U.S. SEC Chair Paul S. Atkins stressed expanding capital-raising for entrepreneurs and smaller companies, focusing on Regulation A. Despite its potential, Regulation A's usage has declined, prompting discussions on federal preemption and at-the-market offerings. Atkins urged the Small Business Capital Formation Advisory Committee to propose amendments to enhance Regulation A's viability, including for crypto asset securities, while minimizing compliance costs.

    Policy & regulationReform agendas & prioritiesSME financing
  • 2025-05-06ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission marks first on-exchange negotiation of product-linked promissory notes on MAV

    The Argentina Securities Commission (CNV) announced the first negotiation of "pagaré producto" promissory notes on Mercado Argentino de Valores S.A. (MAV), following CNV General Resolution No. 1046. These notes, linked to commodities or financial rates, aim to enhance credit and financing options for the productive sector. Initial transactions were tied to soybeans, the Badlar rate, and the Tamar rate.

    Policy & regulationRules & requirementsSecurities offerings and listings
  • 2025-05-06MoldovaNational Bank of Moldova

    National Bank of Moldova announces New Technology for Old Markets conference and opens call for research papers

    The National Bank of Moldova will host a hybrid conference in Chișinău titled “New Technology for Old Markets” to explore the impact of emerging technologies like AI and distributed ledger technology on traditional financial markets in Eastern Europe. Organized with the National Bank of Romania and the Bank of France, the event will feature keynote sessions, policy panels, and research presentations on AI for market surveillance, DLT-based infrastructure, and digital banking transformation.

    Policy & regulationImplementation, projects & pilotsFintech and insurtechArtificial intelligenceBlockchain and distributed ledger technology
  • 2025-05-06ArgentinaCentral Bank of Argentina

    Central Bank of the Argentine Republic receives USD 12 billion as the Ministry of Economy cancels non-transferable bills held by the BCRA

    Argentina's Ministry of Economy has cancelled non-transferable bills on the Central Bank of Argentina's balance sheet, providing the bank with USD 12 billion in cash. The cancellation affects bills maturing in 2025, 2026, and partially in 2029. The Central Bank of Argentina linked these liquid resources to a new agreement with the International Monetary Fund, enhancing its balance sheet.

    Monetary policyMonetary policy instruments & operationsBalance of payments and other external statistics
  • 2025-05-06GlobalBank for International Settlements - Innovation Hub

    Bank for International Settlements Innovation Hub and South African Reserve Bank launch sixth G20 TechSprint on trust and integrity in scalable and open finance

    The Bank for International Settlements Innovation Hub and the South African Reserve Bank have launched the sixth G20 TechSprint, seeking global technology solutions to enhance trust and integrity in scalable and open finance. The competition focuses on digital identity, credit data portability, and fraud mitigation, with winners receiving USD 30,000 and submissions closing on 20 June 2025.

    SupervisionInnovation & testingFintech and insurtechRegtech and suptech
  • 2025-05-06TaiwanCentral Bank of Taiwan

    Central Bank of Taiwan reports foreign exchange reserves rose to USD 582.83 billion at end-April 2025

    The Central Bank of Taiwan reported foreign exchange reserves of USD 582.83 billion at the end of April 2025, an increase of USD 4.81 billion from the previous month. This rise was due to reserve management returns, exchange rate movements, and central bank interventions. Foreign portfolio investments in securities and New Taiwan dollar deposits amounted to USD 721.9 billion, representing 124% of the reserves.

    Data & statisticsForeign exchange policy and markets
  • 2025-05-06South KoreaMinistry of Economy & Finance (South Korea)

    South Korea's Ministry of Economy and Finance signs MoU for ADB AI center in Korea and backs critical minerals supply chain initiative

    South Korea’s Ministry of Economy and Finance highlighted Deputy Prime Minister Gu Yun-cheol’s participation in ASEAN+3 and Asian Development Bank meetings, where he set priorities on supply chain stability, the green transition and AI adoption. A key outcome was an MoU with the ADB to establish the Center for AI Innovation and Development in Korea, supported through Korea’s trust fund to apply AI in ADB projects and assist developing countries. Gu also discussed regional energy diversification, ASEAN+3 co-chairing, Korean government bonds’ inclusion in the World Government Bond Index, and a KRW 26.2 trillion supplementary budget funded by excess tax revenue to support vulnerable groups.

    Policy & regulationCooperationCross-border cooperation
  • 2025-05-06EuropeEuropean Insurance and Occupational Pensions Authority

    European Insurance and Occupational Pensions Authority publishes end-April 2025 risk-free interest rate term structures for Solvency II technical provisions

    The European Insurance and Occupational Pensions Authority (EIOPA) released technical information on risk-free interest rate term structures as of April 2025, for use in calculating technical provisions under the Solvency II Directive. The data is based on the RFR Technical Documentation and is available on EIOPA's website.

    Policy & regulationGuidance & interpretationFinancial and market indicators
  • 2025-05-06EuropeEuropean Insurance and Occupational Pensions Authority

    European Insurance and Occupational Pensions Authority publishes end-April 2025 symmetric adjustment for the Solvency II equity capital charge

    The European Insurance and Occupational Pensions Authority (EIOPA) released the technical information for the symmetric adjustment to the Solvency II equity capital charge as of April 2025. This update is governed by Article 106 of Directive 2009/138/EC, Article 172 of the Solvency II Delegated Regulation, and EIOPA’s final report on implementing technical standards.

    Policy & regulationGuidance & interpretationCapital adequacy