-
2025-05-05•Peru•Superintendencia de Banca, Seguros y AFP del Peru
The Superintendency of Banking, Insurance and Private Pension Fund Administrators of Peru and the Central Reserve Bank of Peru have signed two cooperation agreements to strengthen coordination and support the development of Peru’s payment system and open finance. The first establishes a permanent interinstitutional cooperation and information-sharing framework, while the second aligns regulatory and supervisory efforts on open finance and payment initiation, supported by a joint working group.
Policy & regulationCooperationCross-border cooperation
-
2025-05-05•Mauritius•Mauritius Financial Services Commission
The Mauritius Financial Services Commission has initiated a public consultation on proposed amendments to the Captive Insurance (Captive Insurance Business) Rules, including new templates for regulatory returns. The draft templates address various captive insurance business classes, and revisions may occur based on consultation feedback.
Policy & regulationRules & requirementsRegulatory reporting
-
2025-05-05•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market (NSSMC) held an online meeting with Freedom Finance clients to discuss progress in resolving the case and returning client assets. The NSSMC plans to complete the second and third stages in May, including forming and approving the list of client assets and actions for asset return. A revised draft procedure for compiling the list of assets in sanctioned institutions awaits approval by the Security Service of Ukraine.
Policy & regulationRules & requirementsSupervision process and methodologies
-
2025-05-05•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market announced that the Supreme Court upheld its actions against Universal Commodity Exchange “UICE” Contract House for operating without a licence. The court confirmed licensing obligations for all centralized bidding activities and emphasized compliance with legal requirements. The Commission advised market participants to review licensing conditions and highlighted non-compliance risks.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
-
2025-05-05•Nigeria•Ministry of Finance (Nigeria)
Nigeria's Economic Management Team, led by Minister Wale Edun, outlined priorities for rapid, sustained, and inclusive growth, targeting 7% medium-term growth. Key developments include macroeconomic stabilisation, improved fiscal revenues, and a sovereign credit rating upgrade. The Central Bank of Nigeria's transparent exchange rate regime and rising foreign reserves were credited with restoring external sector confidence.
Policy & regulationReform agendas & prioritiesEconomic data and developments
-
2025-05-05•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique reported a 15.9% growth in the insurance sector's production for 2020, driven by increased gross written premiums in life and non-life segments. Despite Covid-19 disruptions affecting premium and claims volumes, net profit rose to MZN 2,839.2 million from MZN 1,575.7 million in 2019. Supplementary pension fund contributions increased by 20.1%, although financial performance declined by 47%.
SupervisionRisk monitoring & watch points
-
2025-05-05•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique held its annual meeting in Marracuene to review its 2021 activities and discuss the 2022 plan. ISSM Board Chair Otília Santos emphasized the need for improved communication and stronger staff commitment to meet institutional targets.
Institutional developmentGovernanceOperational excellence
-
2025-05-05•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique participated in the International Fair for Micro, Small and Medium Enterprises in Maputo, highlighting the role of insurance and guarantees for MSMEs. Rui Tsevete, Director of Legal Affairs, discussed the Institute's mandate, the legal regime for insurance contracts, and key product types. Contributions from industry experts emphasized the benefits of insurance in asset and investment protection.
Financial literacy & educationSME financing
-
2025-05-05•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique, with the World Bank, launched a workshop and training for the insurance sector and mandatory pension funds to address Financial Action Task Force recommendations. This initiative, under increased monitoring by the Eastern and Southern Africa Anti-Money Laundering Group, clarifies obligations under Law No. 10/2022 on anti-money laundering and counter-terrorist financing. The programme will extend to central and southern regions, including Sofala and Maputo.
Policy & regulationImplementation, projects & pilotsAML and CFT
-
2025-05-05•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique participated in Global Money Week, conducting insurance-focused talks and activities for over 700 secondary school students in Inhambane province. The program, themed “Plan your Money, plant your Future,” included sessions on insurance basics and its role in managing future risks. This marks the Institute's fifth participation, aligning with Mozambique’s National Financial Inclusion Strategy.
Financial literacy & educationFinancial literacy and education
-
2025-05-05•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique held its ninth capacity-building session in Chimoio, focusing on consumer protection and public education under the Insurance Financial Education Strategy. Part of the National Financial Inclusion Strategy, the event highlighted disaster and climate-risk insurance and the Ministry of Economy and Finance's sovereign insurance plan. Participants urged better supervision of money laundering and terrorist financing in the insurance sector.
Financial literacy & educationClimate risk and sustainable finance
-
2025-05-05•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique (ISSM) held its seventh insurance capacity-building session in Inhambane province, focusing on natural disaster risk coverage and investment protection. ISSM addressed challenges like expanding insurance operators nationwide and enhancing inclusivity with products for low-income populations. The event included training on compulsory motor third-party liability insurance and featured an insurance-themed theatre piece and plans for awareness songs under the "Aposte no Seguro" project.
SupervisionSupervision approach, priorities & toolkitFinancial literacy and education
-
2025-05-05•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique appointed Ester dos Santos José as President of its Board of Directors, succeeding Maria Otília Monjane Santos. The Prime Minister tasked her with promoting growth in life and microinsurance, updating legislation for current market risks, and modernising systems and controls. Dos Santos José plans to adopt the Banking Supervision Application to enhance information organisation and statistics.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2025-05-05•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique announced a cooperation protocol to enhance information exchange and investigations in the insurance sector, supporting AML/CFT reforms. This initiative addresses areas for improvement identified by ESAAMLG and assists Mozambique in exiting the FATF list of jurisdictions under increased monitoring. The protocol also introduces new AML/CFT concepts through technical training and regulatory application.
Policy & regulationCooperationAML and CFTDomestic cooperation
-
2025-05-05•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan has issued new compliance checklists for Real Estate Investment Trust Management Companies and Section 42 companies under the Companies Act, 2017. These checklists streamline licensing and compliance by outlining procedural and documentation requirements, aiming to reduce incomplete submissions and processing times. Additionally, SECP has enhanced grievance redressal channels with a dedicated helpline and a 24/7 online complaints portal.
Policy & regulationGuidance & interpretationLicensing framework and process
-
2025-05-05•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia hosted Czech National Bank experts to discuss macroprudential policy instruments under the Western Balkans central bank capacity-building programme. Topics included capital buffers for systemically important banks, systemic risk, and credit exposure quality measures. The programme, coordinated by the Deutsche Bundesbank, is funded by the EU's Instrument for Pre-accession Assistance with EUR 3 million.
Institutional developmentCooperation & capacity buildingMacroprudential policy and toolsFinancial stability and systemic risk
-
2025-05-05•China•Central Bank of the Republic of China
The People's Bank of China reported that Governor Pan Gongsheng co-chaired the ASEAN+3 finance ministers and central bank governors’ meeting in Milan, agreeing to establish a new rapid financing tool under the Chiang Mai Initiative Multilateralisation (CMIM). Discussions included US tariff policy impacts and enhancing CMIM and the ASEAN+3 Macroeconomic Research Office, with consensus on deepening intra-regional policy coordination. China, Japan, and Korea also held a trilateral meeting, and Pan engaged in bilateral talks with key regional counterparts.
Policy & regulationCooperationCross-border cooperation
-
2025-05-05•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator (ASF) released an information note and results from its second national survey on health insurance. The survey examines consumption trends, satisfaction levels, and changes in access to medical care in Portugal.
Data & statisticsOther
-
2025-05-05•United States•Financial Industry Regulatory Authority
The Financial Industry Regulatory Authority clarified its proposed amendments to broker-dealer associated persons’ outside activities, emphasizing that the changes streamline existing obligations without new reporting or approval requirements. The proposal focuses on higher-risk investment-related activities while excluding personal activities and certain securities transactions. It also considers reducing obligations for unaffiliated investment adviser activities.
Policy & regulationGuidance & interpretationRegulatory burden
-
2025-05-05•Sweden•Riksbank
The Executive Board of Sweden's Riksbank has appointed Hilkka Nyberg as Head of the Internal Audit Department, effective 8 May. Nyberg, who has been acting head since November 2024, brings experience from PwC, Telia, ICA Gruppen, and Grant Thornton Sweden.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2025-05-05•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
At a press conference, the Agency for Regulation and Development of the Financial Market of Kazakhstan reported a 25% rise in insurers' assets to KZT 3.2 trillion in 2024, with premiums up 51% and claims payments up 22%. Key developments include the "Keleshek" system, mandatory professional liability insurance for medical workers, and the digital insurance product "Europrotocol". The Agency also announced plans for mandatory pre-trial dispute resolution via the insurance ombudsman and potential expansion of the Guarantee Fund's coverage.
Policy & regulationImplementation, projects & pilotsOther
-
2025-05-05•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan's Agency for Regulation and Development of the Financial Market has approved four senior appointments in the insurance market, including Duysebaev T.M., Kapyshev B.T., Karpykova A.S., and Tugelbasov B.D., covering executive functions and IT oversight. Managers with existing consent can transfer within the sector without additional approval, per Kazakhstan’s Law on Insurance Activity.
SupervisionAuthorisations & approvalsLeadership change and appointments
-
2025-05-05•Indonesia•Ministry of Finance (Indonesia)
Indonesia’s Ministry of Finance reported on the ASEAN+3 Finance Ministers and Central Bank Governors’ Meeting in Milan, focusing on global economic outlook and regional collaboration. Finance Minister Sri Mulyani Indrawati emphasized ASEAN+3's role in easing tensions and enhancing certainty, advocating for progress on the Chiang Mai Initiative and regional financial safety net. She reaffirmed Indonesia's commitment to ASEAN+3 welfare and cooperation with the U.S. and multilateral institutions.
Policy & regulationCooperationCross-border cooperation
-
2025-05-05•Qatar•Qatar Central Bank
Qatar Central Bank Governor H.E. Sheikh Bandar bin Mohammed bin Saoud Al Thani met with key investment figures at the 2025 Milken Institute Global Conference to discuss global finance and investment developments.
Other
-
2025-05-05•Jordan•Jordan Securities Commission
The Jordan Securities Commission and the King Abdullah II Center for Excellence discussed activating their memorandum of understanding to enhance cooperation in development and training, aligning with international best practices in government administration. The Center expressed readiness to support the agreement's implementation and intensify training and awareness activities.
Policy & regulationCooperationDomestic cooperation
-
2025-05-05•Europe•European Central Bank
The European Central Bank has launched an innovation platform for the digital euro project, engaging nearly 70 market participants to test payment functionalities and explore new use cases. The initiative is divided into "pioneers" focusing on technical implementation and "visionaries" researching societal applications like digital financial inclusion. Findings from both workstreams will be consolidated in a report later this year.
SupervisionInnovation & testingCBDC
-
2025-05-05•Liberia•Central Bank of Liberia
The Central Bank of Liberia has released its 2025-2029 strategic plan, built around five pillars and 55 initiatives covering inflation control, de-dollarization, financial sector oversight, payments modernization and operational reform. The plan targets inflation of 5 percent plus or minus 2 percent and a 70 percent financial inclusion rate by 2029, while raising the Liberian dollar share of broad money to 50 percent. Full implementation is estimated at USD 63.32 million, with a USD 43.86 million funding gap.
Policy & regulationReform agendas & priorities
-
2025-05-05•Sint Maarten & Curacao•Central Bank of Sint Maarten & Curacao
The Central Bank of Curaçao and Sint Maarten, in collaboration with Kadaster Sint Maarten, has launched an online Property Price Index dashboard to monitor real estate price trends in Sint Maarten. This tool aims to aid decision-making and assess financial stability impacts, as mortgages account for 64.4% of local loans. A similar dashboard for Curaçao is planned.
Policy & regulationImplementation, projects & pilots
-
2025-05-05•Norway•Norges Bank
Norges Bank Governor Ida Wolden Bache told Parliament that the Government Pension Fund Global faces a riskier environment and that recent strong returns should not be assumed to continue, as the Ministry of Finance reviews the fund’s strategy with a focus on bond investments, geopolitical risk and equity concentration. She highlighted plans to strengthen due diligence and accelerate responses to material country risk changes, work on responsible AI use, operational resilience and real estate strategy, and higher ambition for unlisted renewable energy infrastructure. A government-appointed committee is reviewing the fund’s ethical framework after debate over investments linked to Israel’s occupation of Palestinian territories and the war in Gaza, while Norges Bank continues to target the highest possible responsible return.
Policy & regulationReform agendas & priorities
-
2025-05-05•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission announced the launch of the KRX information technology system for Vietnam's securities market, providing an integrated platform across the market. The system went live on 5 May 2025, with stable connectivity reported on the first trading day. Ongoing monitoring will support the rollout of new products and market upgrades.
Policy & regulationImplementation, projects & pilotsMarket infrastructure
-
2025-05-05•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission issued Notice No. 35/TB-UBCK mandating individuals on a specified list to pay a VND 1,000,000 licensing fee for a securities practising certificate, as per the Ministry of Finance’s Circular No. 25/2022/TT-BTC. Payments can be made via bank transfer to VietinBank or Vietcombank, or directly at the Commission. Failure to complete the certification process within one year will result in certificate cancellation.
Policy & regulationRules & requirementsLicensing and supervisory fees
-
2025-05-05•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission’s Scientific Research and Securities Training Centre is accepting applications for the round 2 2025 qualifying exams for securities practising certificates in Hanoi. The exams cover securities brokerage, financial analysis, and fund management.
Policy & regulationImplementation, projects & pilotsLicence approval
-
2025-05-05•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) issued its annual technical circular to independent auditors, highlighting priorities for maintaining registration and applying audit standards. Updates include guidance on using Infoaudi, the new Auditor Registration system, and reinforced supervisory expectations on audit execution and documentation. The circular addresses CVM Resolutions 23 and 193, digital protocols, and issues identified by the International Forum of Independent Audit Regulators.
Policy & regulationGuidance & interpretationAuditing
-
2025-05-05•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore released the joint statement from the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting, highlighting priorities for regional financial cooperation and key upgrades to the Chiang Mai Initiative Multilateralisation (CMIM). The amended CMIM Agreement introduces a Rapid Financing Facility for emergency financing and advances work towards a paid-in capital structure. Additional initiatives include the ASEAN+3 Fiscal Policy Exchange, a Disaster Risk Financing Initiative roadmap, and a Digital Bond Market Forum.
Policy & regulationCooperationCross-border cooperation
-
2025-05-05•Singapore•Monetary Authority of Singapore
The Securities Industry Council of Singapore has released a consultation paper proposing amendments to the Singapore Code on Take-overs and Mergers to enhance regulation, expedite schemes of arrangement, and improve disclosures. Key proposals include limiting deal protection measures, requiring prompt action post-shareholder approval for schemes, and setting a 28-day deadline for potential offerors to clarify intentions. Additional rules aim to prevent false markets and mandate independent advice for frustrating actions.
Policy & regulationRules & requirementsSecurities offerings and listings
-
2025-05-05•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority (AFSA) has outlined its 2025 plan to enhance its regulatory framework, focusing on securitisation, capital markets, digital assets, and crowdfunding. Initiatives include revising securitisation rules, enhancing digital asset frameworks, and strengthening crowdfunding investor protections. Public consultations are anticipated in mid-2025, with further developments expected in fund management, Islamic finance, and insurance.
Policy & regulationRules & requirementsSecuritization
-
2025-05-05•Philippines•Philippines Insurance Commission
The Philippines Insurance Commission has placed Caritas Financial Plans, Inc. under liquidation effective 05 May 2025, appointing Atty. Jose A. Barcelon as liquidator. Planholders must verify their names via CFPI’s portal, with claims due by 16 September 2025. The Commission clarified CFPI's distinct status from Caritas Health Shield, Inc. and Caritas Life Insurance Corporation.
SupervisionInterventionsOther
-
2025-05-05•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay said its Superintendence of Securities, together with the anti-money laundering authority, held training for securities market obligated entities on preventing money laundering and terrorist financing. The session focused on transactional profiling, transaction monitoring, suspicious transaction reports and risk-based methods for identifying unusual activity.
Policy & regulationGuidance & interpretationAML and CFTSupervision process and methodologies
-
2025-05-05•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia released the joint statement from the 28th ASEAN+3 Finance Ministers’ and Central Bank Governors’ Meeting, outlining a 2025 work programme to enhance regional financial cooperation. Key developments include an amended CMIM Agreement with a Rapid Financing Facility, endorsement of SPIRIT, and advancing regional market initiatives like the ABMI Digital Bond Market Forum.
Policy & regulationCooperationEconomic data and developmentsFinancial and market indicators
-
2025-05-05•Europe•European Central Bank
The European Central Bank's analysis indicates that high energy prices could significantly impact euro area employment, especially in energy-intensive manufacturing. A permanent 10% rise in electricity prices may reduce employment in these industries by 1% to 2%, particularly in southern Germany and northern Italy. The blog suggests mitigating measures like faster access to cheaper energy and enhancing labor market flexibility to support worker upskilling and mobility.
ResearchClimate risk and sustainable finance
-
2025-05-05•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority and Ministry of Culture signed an MoU to develop tailored cultural insurance products and strengthen protection for cultural assets. Their work will cover valuation and restoration standards, asset assessment criteria, and market data sharing.
Policy & regulationCooperationRisk managementConsumer and investor protection
-
2025-05-05•Sweden•Finansinspektionen
The Swedish Financial Supervisory Authority's survey reveals that only 40% of Swedes have enough cash at home to cover a week's expenses if digital payments fail. It highlights that preparedness is weakest among those aged 30–50, with many lacking backup payment options. The authority advises maintaining diverse payment and banking access methods for resilience.
ResearchCurrency and cash management
-
2025-05-05•United States•U.S. Financial Services Committee
The U.S. House Committees on Financial Services and Agriculture released a draft bill to establish a regulatory framework for digital assets, aiming to enhance market structure, regulatory clarity, and consumer protection. Introduced by Financial Services Chairman French Hill and Agriculture Chairman G.T. Thompson, it seeks to address oversight gaps and provide certainty for digital asset stakeholders. A joint hearing is scheduled for May 6, 2025, to gather public feedback.
Policy & regulationRules & requirements
-
2025-05-05•Russia•Central Bank of Russia
The Central Bank of Russia reported a 23.6% year-on-year increase in financial consumer and investor complaints for Q1 2025, totaling nearly 95,000. Complaints about banks rose by 36.8% due to suspensions of remote banking services following new fraud prevention measures. Insurance complaints dropped by 44.6% due to procedural changes, while complaints about microfinance organizations increased by over 10%, driven by unauthorized loans and debt recalculations.
Data & statisticsComplaints and dispute resolution
-
2025-05-05•Russia•Central Bank of Russia
The Central Bank of Russia's Board of Directors has added 25 corporate bond series from 12 issuers to the Lombard List as of 25 April 2025. The additions include exchange-traded bonds from companies such as Atomic Energy Power Corporation, Magnit, METALLOINVEST, and others.
Policy & regulationRules & requirementsSecurities offerings and listings
-
2025-05-05•Russia•Central Bank of Russia
The Central Bank of Russia reported a decline in the average maximum interest rates on Russian-ruble deposits at the 10 largest credit institutions, from 20.05% in early April to 19.79% by the end of the month. The rates exclude special categories and are based on offers available to any client without conditions. Detailed data and changes in monitoring results are accessible on the Central Bank's website.
Data & statisticsFinancial and market indicators
-
2025-05-05•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) released a list of state nonmember banks examined for Community Reinvestment Act (CRA) compliance, detailing evaluation ratings from February 2025. The CRA mandates assessments of banks' efforts to meet community credit needs, with public disclosure of evaluations required by Congress since July 1990.
SupervisionReviews, inspections & stress testsCompliance
-
2025-05-05•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has issued a decree for a controlled testing mechanism in the banking sector to trial fintech products, effective 1 July 2025. The sandbox includes credit scoring, data sharing via open APIs, and peer-to-peer lending, involving various entities but excluding cross-border trials. Participation is not an official authorisation, and results will inform potential legal framework refinements.
Policy & regulationImplementation, projects & pilotsFintech and insurtech
-
2025-05-05•Vietnam•State Bank of Vietnam
The State Bank of Vietnam reported Prime Minister Pham Minh Chinh's presentation on 2024 economic outcomes and 2025 targets, including an 8% GDP growth goal and an economy size above USD 500bn. The 2024 GDP grew by 7.09% with inflation at 3.63%, while early 2025 saw Q1 GDP growth of 6.93% and inflation at 3.2%. The Prime Minister proposed 11 measures for 2025, focusing on macro policy coordination, flexible monetary policy, and fiscal discipline, with a potential budget deficit adjustment to 4–4.5% of GDP.
Policy & regulationReform agendas & prioritiesEconomic data and developments
-
2025-05-05•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) aims to enhance Vietnamese banks' competitiveness through digital transformation and international brand recognition. Deputy Governor Pham Thanh Ha stressed aligning governance with international standards and improving transparency, targeting 2–3 Vietnamese banks to rank among Asia's top 100. SBV plans to strengthen the legal framework, encourage innovation, and require banks to develop structured brand strategies for long-term growth and integration.
Policy & regulationReform agendas & prioritiesOther
-
2025-05-05•Vietnam•State Bank of Vietnam
The State Bank of Vietnam, through a message from Governor Nguyen Thi Hong, marked the 74th anniversary of Vietnam’s banking sector by reflecting on its historical contributions and setting future priorities. Achievements noted include inflation control, macroeconomic stability, and international integration. The message urged staff to innovate and streamline operations to support Vietnam's goal of becoming a developed industrial country by 2045.
Policy & regulationReform agendas & prioritiesOther
-
2025-05-05•Norway•Norwegian Finanstilsynet
The Norwegian Financial Supervisory Authority reported that total consumer debt in Norway reached NOK 172.7 billion as of 31 March 2025, a 6.8% increase over the past year. Debt collection cases rose by 3.9% to 678,300 by end-2024, with defaulted consumer debt totaling NOK 60.2 billion. Inflation rose 2.6% during the same period, while interest-bearing debt increased by 5.3% and non-interest-bearing debt by 13.6%.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-05-05•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has placed staff on administrative leave as it investigates potential violations of laws, government ethics requirements, and professional rules of conduct, in line with the President’s executive orders on lawful governance and accountability.
EnforcementInvestigations & enforcement actionsWhistleblowing
-
2025-05-05•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency has issued a request for information to identify challenges community banks face in adopting digital banking solutions. This initiative aims to support banks' safe transition to digital banking by understanding obstacles related to technology provider arrangements and competitive fairness.
Policy & regulationOtherFintech and insurtech
-
2025-05-05•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) participated in the Argentine Economic Congress at the 12th Expo Argentina de Economía, Finanzas e Inversiones (EFI). Vice President Patricia Boedo attended sessions on capital markets priorities. Economy Minister Luis Caputo outlined national economic policy and challenges, while President Javier Milei discussed macroeconomic results. Boedo emphasized CNV's focus on institutional strengthening and public-private coordination to enhance market efficiency and competitiveness.
Policy & regulationCooperationMarket development
-
2025-05-05•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) chair, Roberto E. Silva, participated in UK Fintech Week 2025, promoting Argentina's capital markets and discussing innovative crypto regulation. Silva engaged in panels and meetings with global financial leaders, including the Bank of England and the UK Financial Conduct Authority, to strengthen investment links and support regulatory technology.
Policy & regulationCooperationFintech and insurtech
-
2025-05-05•United States•House Committee on Agriculture
The United States House Committee on Agriculture and the House Committee on Financial Services released a discussion draft for a regulatory framework on digital assets, aiming to enhance regulatory clarity and consumer protection. The draft builds on bipartisan efforts from the 118th Congress to provide certainty for digital asset developers and users. A joint hearing titled “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century” is scheduled for May 6, 2025.
Policy & regulationRules & requirements
-
2025-05-05•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority will host its annual conference on 15 May 2025, coinciding with the 50th Annual Meeting of IOSCO. The conference will address digital transformation in capital markets, Islamic finance's role in sustainable investment, SME connectivity to capital markets, and market conduct and investor protection. Keynote speakers include IOSCO Board Chair Jean-Paul Servais and Masamichi Kono of MUFG Bank, with sessions covering topics such as green sukuk, SME credit gaps, and challenges related to AI and virtual assets.
Policy & regulationCooperationFintech and insurtechMarket development
-
2025-05-05•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority will host a one-day conference on 15 May 2025 in Doha, coinciding with the International Organization of Securities Commissions' 50th Annual Meeting. The event will focus on digital transformation in capital markets, Islamic finance, SME market access, and investor protection. Keynote speakers include IOSCO Board Chair Jean-Paul Servais and Masamichi Kono, with sessions on SME empowerment and investor protection.
Policy & regulationCooperationFintech and insurtechMarket development
-
2025-05-05•Qatar•Qatar Financial Markets Authority
The Qatar Financial Markets Authority (QFMA) will hold its annual conference on 15 May 2025, focusing on digital transformation, Islamic finance, SME capital access, and investor protection. The event coincides with Qatar hosting the IOSCO 50th Annual Meeting from 12 to 14 May, with preparations for discussions on cybersecurity and market sustainability. Keynote speakers include IOSCO Board Chair Jean-Paul Servais and Masamichi Kono, with sessions featuring senior representatives from international regulatory bodies.
Policy & regulationCooperationFintech and insurtechMarket development
-
2025-05-05•Kazakhstan•National Bank of Kazakhstan
The National Bank of Kazakhstan has released "Great Victory. 80 Years" collectible coins as part of its "Memorable Events and Unique People" series. The issuance includes a limited edition KZT 1,000 silver coin and a high-volume KZT 200 bicolor coin for everyday use. Collectible coins are legal tender in Kazakhstan and can be used for payments, exchanges, and deposits at face value.
Monetary policyOther
-
2025-05-05•Denmark•National Bank of Denmark
The National Bank of Denmark reported that Danish insurance and pension companies purchased DKK 21 billion in European equities in Q1 2025, reversing their trend with a net sale of nearly DKK 5 billion in US shares. Purchases focused on Danish, German, French, British, and Swiss equities. Despite the net sale, US equities still comprised 53% of their DKK 1,320 billion portfolio, with European shares at 29%.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-05-04•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority has suspended Mekyal Financial Technologies Company's licence for Arranging activity in securities and cancelled its FinTech Experiment permission for debt instruments, citing market safety and investor protection. This action follows ongoing supervision and concerns over the accuracy and reliability of Mekyal's disclosures, under clause (b) of Article 62 of the Capital Market Law.
SupervisionAuthorisations & approvalsLicence withdrawal
-
2025-05-04•Saudi Arabia•Saudi Arabia Capital Markets Authority
Saudi Arabia's Capital Market Authority confirmed that Nama Ventures Capital Company has fulfilled the requirements to begin managing investments in the securities business, following a licence issued by a CMA resolution on 04 September 2024.
SupervisionAuthorisations & approvalsLicence approval
-
2025-05-04•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force (MENAFATF) has begun its 40th Plenary and Working Group meetings in Amman, hosted by Jordan from 4 to 8 May 2025, with senior officials and observers discussing anti-money laundering and counter-terrorist financing. A high-level workshop on changes in Financial Action Task Force standards and upcoming mutual evaluations will also take place.
Policy & regulationCooperationAML and CFTDomestic cooperation
-
2025-05-04•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force (MENAFATF) has commenced its 40th Plenary and Working Group meetings in Amman, hosted by Jordan from 4 to 8 May 2025, focusing on combating money laundering, terrorist financing, and weapons proliferation financing. A high-level workshop will address changes in Financial Action Task Force standards and upcoming mutual evaluations.
Policy & regulationCooperationAML and CFTDomestic cooperation
-
2025-05-04•Bahrain•Central Bank of Bahrain
The Central Bank of Bahrain held a workshop on "Legal Professionals Account Opening Guidance," detailing the process for retail banks to open accounts for lawyers and law firms per new Ministry of Justice requirements. Legal professionals must have dedicated accounts for client payments, opened only after obtaining a no-objection certificate with Know Your Client information. The Central Bank plans to issue further guidance and hold annual workshops to update licensees on regulatory developments.
Policy & regulationGuidance & interpretationKYC
-
2025-05-04•Barbados•Central Bank of Barbados
The Central Bank of Barbados released a policy paper evaluating the macroeconomic impact of the 2025 US global tariff hikes on Barbados, projecting real GDP losses of 1.27–2.33 percent under adverse scenarios. The paper highlights potential contractions in goods exports and tourism, with significant GDP reductions and inflationary pressures due to reliance on US imports. It also notes fiscal constraints from the fixed exchange rate and potential fiscal stress from rising public debt and subsidy costs.
ResearchCross-border paymentsMarket development
-
2025-05-03•Türkiye•Central Bank of Türkiye
The Central Bank of the Republic of Türkiye announced macroprudential changes to support the transition to the Turkish lira, including higher reserve requirements on foreign currency liabilities and incentives to increase TRY deposit shares. FX deposit reserve requirements rose by 200 basis points, and FX repo transactions by 400 basis points. Additionally, the minimum share of export proceeds to be sold to the CBRT is set at 35%, with a 3% FX conversion support rate until July 2025.
Policy & regulationRules & requirementsMacroprudential policy and tools
-
2025-05-03•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has launched a daily bulletin, "International financial and monetary market developments," providing in-depth updates on global foreign exchange, equities, gold, and related markets. Available on Thoibaonganhang.vn, the bulletin aims to offer reliable information amid increased market volatility due to geopolitical tensions, U.S. tariff policy, and central bank responses.
Policy & regulationImplementation, projects & pilotsFinancial and market indicatorsMonetary data
-
2025-05-02•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua's April 2025 Financial Stability Report highlights robust macrofinancial conditions and a stable National Financial System, supported by strong economic performance and fiscal consolidation. Despite rising external risks, credit activity grew at double-digit rates, with well-capitalised banks and stable asset quality. Stress tests indicate high resilience, though the report emphasizes monitoring global and climate risks.
Monetary policyMonetary policy assessments & outlooksFinancial stability and systemic risk
-
2025-05-02•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua's February 2025 Indicators report highlights the banking system's robust liquidity and solvency, with credit and public deposits experiencing double-digit growth. Public deposits rose by 10.6% to NIO 248,241.3 million, and the loan portfolio grew by 20.6% to NIO 219,212.3 million. Asset quality improved, with a past-due loan ratio of 1.4%, and profitability metrics like return on equity and assets also showed positive trends.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-05-02•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reported a 20.47% year-on-year increase in the current account deficit to EUR 175.63 million for January to February 2025, mainly due to a deeper goods trade deficit. The goods trade deficit rose 21.48% as exports decreased by 1.01% and imports increased by 17.71%. Offsetting inflows included a 32.74% rise in the services account surplus and a 3.77% increase in the secondary income surplus, supported by remittances totaling EUR 291.65 million in the first quarter.
Data & statisticsBalance of payments and other external statistics
-
2025-05-02•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus has issued its Prevention of Money Laundering and Terrorist Financing Directive 2025, published in the Official Gazette. The Directive is accompanied by an announcement, a guide, and FAQs to clarify its key provisions.
Policy & regulationRules & requirementsAML and CFT
-
2025-05-02•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority (DFSA) issued Consultation Paper No. 166 proposing to remove outbound public offers of securities from the Dubai International Financial Centre (DIFC) from its regulatory perimeter, citing duplication with target-jurisdiction requirements. This would eliminate the Markets Law prospectus requirement and related obligations for such offers and disapply financial promotion rules. The DFSA plans to amend the Markets Law, Markets Rules, Islamic Finance Rules, and General Module following consultation.
Policy & regulationRules & requirementsSecurities offerings and listings
-
2025-05-02•Australia•Australian Securities & Investments Commission
ASIC has cancelled Brite Advisors Pty Ltd's financial services licence after the CSLR paid AUD 21,888.20 for an unpaid AFCA determination. This action is mandatory when CSLR compensates for an AFCA ruling. Brite Advisors must stay an AFCA member for 12 months. ASIC is investigating Brite Advisors, following similar licence cancellations.
SupervisionAuthorisations & approvalsOther
-
2025-05-02•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority released Communication FSMA_2025_07, detailing an updated cartography of Insurance Distribution Directive activities and new reporting rules effective from 30 June 2025. The document is available in Dutch and French.
Policy & regulationRules & requirementsRegulatory reporting
-
2025-05-02•Italy•Italian Securities Commission (Consob)
The Italian Securities Commission (Consob) released Statistical Bulletin No. 26, highlighting a shift towards equities in portfolios and custody deposits with Italian intermediaries in 2024. The total value of financial instruments reached EUR 4,052bn, a 3.4% increase year-on-year, with notable rises in shares and investment funds. Italian asset management companies reported a net profit increase to over EUR 1,865m, driven by higher net fees, while investment firms saw profits rise to EUR 98.7m due to improved trading results and reduced operating costs.
Data & statisticsFinancial and market indicatorsSupervisory data
-
2025-05-02•Europe•European Securities and Markets Authority
The European Securities and Markets Authority has launched a consultation on draft Regulatory Technical Standards under the EU ESG Rating Regulation. The standards propose operational and disclosure requirements for ESG rating providers, including measures to mitigate conflicts of interest and information disclosure obligations.
Policy & regulationRules & requirementsESG
-
2025-05-02•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay's President, Guillermo Tolosa, highlighted Uruguay's strategic risk management and monetary policy at the IMF and World Bank Spring Meetings. Key points included robust central bank reserves, high bank capital and liquidity ratios, and a shift towards renewable energy. Tolosa also emphasized de-dollarisation measures and reducing price indexation to the exchange rate amidst global challenges.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
-
2025-05-02•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority announced that Deputy Director Karen Dortea Abelskov will depart at the end of May 2025 to become Finance Director at the Danish Ministry of Industry, Business and Financial Affairs. Abelskov has been with the authority since 2009, serving in various roles including Deputy Director overseeing capital markets supervision since 2018.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2025-05-02•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority has authorized Wayfoong (Asia) Limited, a subsidiary of HSBC Group, as the first captive insurer formed by a multinational in Hong Kong. This supports Hong Kong's development as a captive domicile and risk management center, with policy incentives like a 50% tax concession for local captive insurers. The Financial Services and the Treasury Bureau plans to revisit policy tools to attract more multinationals to establish captives.
SupervisionAuthorisations & approvalsLicence approval
-
2025-05-02•Panama•Panama Superintendencia del Mercado de Valores
Panama’s Superintendency of the Securities Market issued a press note regarding the performance of the securities market.
SupervisionRisk monitoring & watch points
-
2025-05-02•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced the resumption of trading in Aedifica’s financial instruments (ISIN BE0003851681) on Euronext Brussels. Trading was set to resume on 02/05/2025 at 09:00 CET under Article 78 of the Law of 21 November 2017.
SupervisionInterventionsTrading
-
2025-05-02•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced the resumption of trading in Cofinimmo financial instruments (ISIN BE0003593044) on Euronext Brussels. Trading will re-open on 02/05/2025 at 09:00 CET.
SupervisionAuthorisations & approvalsTrading
-
2025-05-02•Dominican Republic•Pensions Superintendency (SIPEN)
The Dominican Republic's Pensions Superintendency (SIPEN) awarded the "Aquí Sabemos de Pensiones" seal to the Chamber of Commerce and Production of Santo Domingo for its commitment to pension education. This recognition is part of SIPEN's initiative to enhance pension literacy and promote financial education within the business sector, supporting its agreement with the Dominican Federation of Chambers of Commerce to disseminate pension knowledge nationwide.
Financial literacy & educationFinancial literacy and education
-
2025-05-02•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama's Financial Stability Report for H2 2024 confirms the resilience of Panama’s International Banking Center, with robust capital and liquidity buffers and no critical vulnerabilities identified in stress tests. CBI net assets rose 6.0% year-on-year to USD 156,392.8 million, with capital adequacy at 15.3%, nearly double the regulatory minimum. Potential risks from geopolitical tensions and tighter financial conditions are considered contained due to countercyclical provisions and asset diversification.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMacroprudential policy and tools
-
2025-05-02•Botswana•Bank of Botswana
Governor Cornelius K. Dekop of the Bank of Botswana attended the IMF Spring Meetings, chairing the Africa Group 1 Constituency and leading discussions on trade integration for economic growth. The IMF's World Economic Outlook projects slower global growth and emphasizes policy discussions on price stability and debt sustainability. Bilateral talks focused on cooperation and technical assistance for Botswana, covering macroeconomic modeling, stress testing, and regulatory standards.
Policy & regulationCooperationMonetary policy decisions and developments
-
2025-05-02•Tanzania•Tanzania Insurance Regulatory Authority
At the National Exhibition of Cultural and Arts Works, the Tanzania Insurance Regulatory Authority (TIRA) highlighted its role in regulating health insurance schemes. Minister of Culture, Arts and Sports Palamagamba Kabudi urged artists to secure health and other insurance, while TIRA's Eastern Zone Manager Zakaria Muyengi emphasized the authority's commitment to ensuring professional operation of healthcare facilities. The exhibition will be held again in October 2026 in Arusha.
Financial literacy & educationOther
-
2025-05-02•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market adopted rule amendments and market decisions affecting collective investment activities, share issuance, and corporate governance disclosure. Key actions include the registration and approval of share issues and prospectuses for several joint-stock companies, management appointments, and prohibitions on amendments to the depository accounting system and securities transactions.
Policy & regulationRules & requirementsSecurities offerings and listings
-
2025-05-02•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank (DNB) reported that labour productivity growth in the Dutch relevant market sector has remained stable at 1.1% annually from 2013 to 2023, outperforming the overall economy's 0.4%. The DNB emphasizes the importance of productivity gains for future growth due to an ageing workforce, suggesting technological investment, workforce skills, and regulatory improvements as key levers. Removing EU single-market barriers could boost productivity by approximately 7%, according to the International Monetary Fund.
Data & statistics
-
2025-05-02•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets has released an annex to its Anti-Money Laundering and Sanctions Act Guidance, detailing sector-specific requirements for crypto-asset service providers (CASPs) under the Dutch AML framework. From 4 February 2025, CASPs will be classified as financial undertakings and must comply with sanctions-related expectations and the EU Transfer of Funds Regulation. The annex assists CASPs in implementing legal obligations like risk assessment, customer due diligence, and transaction monitoring.
Policy & regulationGuidance & interpretationAML and CFTRegulatory burden
-
2025-05-02•Uruguay•Central Bank of Uruguay
Uruguay's Central Bank President, Guillermo Tolosa, emphasized strategic risk management at the IMF and World Bank Spring Meetings, citing strong reserves, high banking capital and liquidity, and long sovereign debt durations. He noted diversification in trade partners, debt currency, and energy sources. Tolosa discussed enhancing monetary policy to anchor inflation expectations through de-dollarisation, improved communication, and decoupling prices from the exchange rate.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
-
2025-05-02•Uruguay•Central Bank of Uruguay
Uruguay's Central Bank President, Guillermo Tolosa, highlighted strategic risk management at the IMF and World Bank Spring Meetings, focusing on buffers and diversification. He emphasized strong central bank reserves, high banking system capital and liquidity ratios, and long sovereign debt duration. Tolosa also discussed efforts to anchor inflation expectations through de-dollarisation, improved monetary transmission, and clearer communication.
Monetary policyMonetary policy framework & strategyMonetary policy decisions and developments
-
2025-05-02•Georgia•National Bank of Georgia
Governor Natia Turnava of the National Bank of Georgia stressed the importance of insurance in financial awareness and economic sustainability at an Insurance Day event. She highlighted collaboration between the State Insurance Supervision Service and the National Bank's departments, noting that a developed insurance market aids financial stability. Turnava also emphasized credit risk insurance's role in mitigating risks for banks and enhancing lending security for SMEs.
Financial literacy & educationFinancial literacy and education
-
2025-05-02•Georgia•Insurance State Supervision Service of Georgia
The Insurance State Supervision Service of Georgia concluded its annual Insurance Week with a focus on raising insurance awareness and promoting consumer rights. Head Davit Onoprishvili highlighted market growth, noting premiums surpassed GEL 1 billion in 2023 and increased by 18% in 2024. The event included discussions on the Service's 2025–2029 strategy and featured participation from industry and government stakeholders.
Financial literacy & educationFinancial literacy and education
-
2025-05-02•Italy•Bank of Italy
The Bank of Italy, in collaboration with the Bank of France, the Bank of England, the International Monetary Fund, and the OECD, has announced a call for papers for a conference on "International Capital Flows and Financial Policies" to be held in Paris on 24 September 2025. Professor Anusha Chari from the University of North Carolina will deliver the keynote speech.
ResearchCross-border cooperation
-
2025-05-02•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia awarded its 2025 Annual Award for Young Researchers to Jasna Tonovska for her paper on the volatility of international financial flows and its implications for the Macedonian economy. The research highlights increased volatility post-2020 due to global uncertainty and geopolitical tensions, advocating macroprudential measures to mitigate risks. The paper will be presented at an upcoming session of the National Bank’s Research Club.
ResearchMacroprudential policy and tools
-
2025-05-02•United States•Federal Reserve Bank of Philadelphia
The Federal Reserve Bank of Philadelphia appointed Curtis J. Myers, chairman and CEO of Fulton Bank and Fulton Financial Corporation, to its Board of Directors as a Class A director, effective April 15, 2025. The nine-member board oversees Bank operations, economic conditions, and the discount rate, linking the Federal Reserve with communities in the Third District.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
-
2025-05-02•Norway•Department of Finance (Norway)
Norway's Ministry of Finance will review the monetary policy provision established in December 2019. Norges Bank has been requested to provide a written assessment of its experience with the current mandate, international experiences, and recent research on monetary policy.
Policy & regulationReform agendas & prioritiesMonetary policy decisions and developments