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2025-04-30•Norway•Norwegian Finanstilsynet
Norway's Financial Supervisory Authority's ICT inspection report on DNB Livsforsikring AS found deficiencies in ICT governance and control, including weak reporting and insufficient contingency planning. It highlights unclear ICT risk responsibilities, limited ICT competence in risk management, and inadequate reporting routines. DNB Liv plans to enhance ICT governance with a new section led by a Chief Digital Officer, improved reporting, expanded business impact analyses, and annual scenario exercises.
SupervisionReviews, inspections & stress testsOperational risk and resilience
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2025-04-30•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets held a session to enhance consumer protection by aligning national legislation with EU standards. Involving financial sector stakeholders, it focused on the impact of EU directives on payment account fee comparability, distance contracts, accessibility requirements, consumer credit, and residential property credit agreements. This is part of a broader effort to harmonize Moldova's financial framework with EU requirements.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2025-04-30•Chile•Chile Financial Market Commission
The Chile Financial Market Commission reported a 2.24% decline in banking-system loans over 12 months, driven by decreases in commercial and consumer credit, while cooperative lending grew 6.52%, led by consumer loans. Banking profits for March rose 1.07% month on month and 17.16% year on year, with a return on average equity of 15.77%. Cooperative profits increased 7.59% from February and 70.56% year on year, with a return on equity of 13.71%.
Data & statisticsLendingAsset quality
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2025-04-30•Chile•Chile Financial Market Commission
The Chile Financial Market Commission fined Lautaro de Buin S.A.D.P. for failing to meet disclosure obligations by not submitting March 2024 financial data on time, as required by General Rule No. 201. The rule mandates quarterly reporting on operating capital and other obligations within 30 days post-quarter. The fine, set at UF 210 under Exempt Resolution No. 3,861, emphasizes the importance of timely compliance.
EnforcementInvestigations & enforcement actionsAccounting and financial reporting
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2025-04-30•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets approved several capital market and consumer protection measures, including share capital restructurings for three issuers and a corporate reorganisation. The Commission also rejected multiple consumer complaints and requests for reconsideration related to insurance compensation and prior decisions.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-04-30•Egypt•Central Bank of Egypt
The Central Bank of Egypt hosted discussions between Governor Hassan Abdalla and Mohammad Al-Tuwaijri, Secretary-General of the Egyptian-Saudi Supreme Coordination Council, to enhance bilateral cooperation in the banking sector and economic integration between Egypt and Saudi Arabia. The meeting, attended by Deputy Governor Tarek ElKholy and other officials, focused on reinforcing cooperation and consolidating bilateral relations.
Policy & regulationCooperationCross-border cooperation
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2025-04-30•China•China Securities Regulatory Commission
The China Securities Regulatory Commission (CSRC) held a Party committee meeting to discuss the disciplinary review and investigation of Wang Jianjun for suspected serious violations. The meeting emphasized strengthening anti-corruption efforts, enhancing accountability, and implementing key decisions from the recent Politburo meeting to support market stabilization and technology innovation.
EnforcementInvestigations & enforcement actionsOther
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2025-04-30•China•China Banking and Insurance Regulatory Commission
China's NFRA updated its Administrative Penalty Measures, now covering financial holding companies and refining enforcement. Changes include collective decision-making for complex cases, enhanced investigations, rights protections, and execution rules, including limits on late-payment surcharges. Expanded relief mechanisms and internal constraints aim to correct erroneous penalties and improve accountability.
Policy & regulationRules & requirementsCompliance
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2025-04-30•China•China Banking and Insurance Regulatory Commission
The People's Bank of China and the National Financial Regulatory Administration have issued updated management measures for bank card clearing institutions, effective 1 November 2025, replacing the 2016 framework. The revised measures outline conditions and processes for key approvals, operational requirements, and supervisory provisions. The authorities will jointly oversee the ongoing supervision of these institutions under the new framework.
Policy & regulationRules & requirementsMarket infrastructure
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2025-04-30•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration issued revised Administrative Penalty Measures, expanding the scope from banking and insurance to all financial institutions. Key updates include collective decision-making for complex cases, refined investigation procedures, and enhanced digital supervision. The measures, effective 1 July 2025, aim to improve penalty decision processes and external coordination.
Policy & regulationRules & requirementsCompliance
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2025-04-30•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority released its Monthly Authorised Deposit-taking Institution Statistics for March 2025, accessible on the APRA website.
Data & statisticsSupervisory data
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2025-04-30•Moldova•National Bank of Moldova
National Bank of Moldova Governor Anca Dragu emphasized efforts to expand affordable housing finance and integrate with the European financial system at the European Covered Bond Council meeting. Moldova aims to align its housing legislation with EU standards and has joined the Single Euro Payments Area for euro payments. Dragu also highlighted priorities like financial market reform, digitalisation, and establishing a modern stock exchange with support from the Bucharest Stock Exchange.
Policy & regulationReform agendas & prioritiesMarket development
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2025-04-30•Congo•Central Bank of Congo
The Central Bank of Congo has initiated a national open tender to select a contractor for rehabilitating the pedestrian footbridge connecting its headquarters and the Hôtel des Monnaies. The tender dossier is available for purchase, and eligibility criteria include a minimum of five years of legal existence, certified financial statements, and a bank bid guarantee.
Institutional developmentProcurement
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2025-04-30•Kazakhstan•National Bank of Kazakhstan
The National Bank of Kazakhstan hosted a conference in Almaty on "Monetary policy and financial stability in the context of global and domestic shocks," discussing monetary policy instruments, inflation forecasting, and macroeconomic trends. Key topics included the effectiveness of FAVAR and BVAR models in improving short-term inflation forecasts and the impact of price shocks and structural imbalances on growth. Eight research papers addressed challenges like raw material dependence and low investment activity.
ResearchMonetary policy decisions and developmentsFinancial stability and systemic risk
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2025-04-30•South Korea•Bank of Korea
The Bank of Korea reported a decline in March 2025 interest rates, with new deposit rates falling to 2.84% and new loan rates to 4.36%. Rates on outstanding deposit and loan balances also decreased to 2.30% and 4.55%, respectively.
Data & statisticsMonetary data
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2025-04-30•Bhutan•Royal Monetary Authority of Bhutan
The Royal Monetary Authority of Bhutan announced a phased regulatory approach to cryptocurrency, permitting crypto mining and exchanges only for Gelephu Mindfulness City registered entities. On-ramping for crypto trading through domestic banks remains restricted. The RMA aims to protect citizens and financial stability while supporting responsible innovation and enhancing domestic cryptocurrency capabilities.
Policy & regulationRules & requirements
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2025-04-30•United States•U.S. Department of the Treasury
The U.S. Treasury and U.S. Trade Representative hosted European Commission representatives for the seventh meeting of the Joint Committee under the 2017 U.S.-EU Agreement on Prudential Measures Regarding Insurance and Reinsurance. The parties exchanged updates on the agreement's implementation, reaffirmed its importance, and agreed on its effective functioning. The agreement addresses reinsurance, group supervision, and insurance information exchange between supervisors.
Policy & regulationCooperationCross-border cooperation
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2025-04-30•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority's April 2025 Insurance Risk Dashboard assesses the European insurance sector's risks as stable and medium overall, with vulnerabilities from market volatility and geopolitical uncertainty. Global macroeconomic and credit risks remained medium, while market risks were elevated with high bond and equity volatility. Liquidity, solvency, and profitability risks were stable, though ESG and cyber risks showed a rising outlook.
SupervisionRisk monitoring & watch pointsCredit riskLiquidity riskMarket risk and volatility
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2025-04-30•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority has released Consultation Paper No. 3 of 2025, inviting feedback on proposed amendments to the regulatory framework for Authorised Persons and Recognised Bodies concerning cyber risk management. The proposals enhance existing guidance on IT risk management and governance principles to mitigate cyber threats and crime.
Policy & regulationRules & requirementsCyber resilience
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2025-04-30•Barbados•Central Bank of Barbados
The Central Bank of Barbados released its Review of Barbados’ Economy for Q1 2025, assessing economic performance and providing the Governor's outlook for the year. The report covers economic growth, debt-to-GDP ratio, inflation, unemployment, and international reserves, as well as the Government’s fiscal performance for 2024/25. Governor Dr. Kevin Greenidge presented the findings at a press conference.
ResearchEconomic data and developments
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2025-04-29•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia inaugurated the 18th Jornada Monetaria, focusing on "Monetary Policy in the Digital Era," highlighting the rise in electronic payment channels and virtual asset transactions. Acting President Edwin Rojas Ulo noted a 94% increase in virtual-asset operations in Q1 2025 compared to H2 2024, with transaction values rising significantly. This growth is attributed to the central bank's June 2024 resolution allowing electronic payment channels for these transactions.
Monetary policyOtherFintech and insurtechMonetary policy decisions and developments
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2025-04-29•Bolivia•Central Bank of Bolivia
The Central Bank of Bolivia concluded its XVIII Monetary Conference, focusing on digital payments' impact on monetary policy and the economy. Discussions highlighted central banks' roles in money issuance, payment systems, and CBDC challenges, emphasizing financial inclusion and stability. Regional experiences, such as Brazil's Pix and Argentina's stablecoin use, underscored the need for robust regulatory frameworks for virtual assets.
Policy & regulationReform agendas & prioritiesCBDCStablecoins
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2025-04-29•Uruguay•Central Bank of Uruguay
The Central Bank of Uruguay announced economist Ana Claudia de los Heros as the new Vice President of its Board. De los Heros emphasized priorities such as meeting the inflation target, adapting regulations, and maintaining agile supervision. She has been with the Central Bank since 1999, previously leading the Payments System Management.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-29•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) updated its Q&A on the prospectus regime, adding guidance on replacing a prospectus under Regulation (EU) 2024/2809. Issuers with securities already traded on regulated markets may be exempt from publishing a prospectus if they meet specific conditions, requiring an abridged document of up to 11 pages instead. This document must be publicly available, submitted to the CNMV via the EEA procedure, and published on relevant websites, though it does not require CNMV approval.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2025-04-29•Kosovo•Central Bank of the Republic of Kosovo
Governor Ahmet Ismaili of the Central Bank of the Republic of Kosovo participated in a World Bank Treasury forum, discussing Kosovo's financial-sector priorities and progress. Key developments include Kosovo's transition to a donor, its first sovereign credit rating, and steps toward EU financial alignment. Ismaili also highlighted digital innovation efforts, including joining the Single Euro Payments Area and expanding open banking.
Policy & regulationReform agendas & prioritiesOther
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2025-04-29•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority acknowledged the Process Review Panel's 2024 Annual Report, which assessed 20 cases related to licensing, complaint handling, investigations, and disciplinary actions. The report recognized the IA's efforts to improve operational effectiveness, and the IA committed to addressing the panel's observations and recommendations.
SupervisionPeer reviews and country evaluationsSupervision process and methodologies
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2025-04-29•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus released March 2025 statistics showing a net deposit outflow of EUR 1 million, reducing total deposits to EUR 55.9 billion, with annual growth slowing to 7.1%. Conversely, total loans increased by EUR 429.9 million to EUR 25.5 billion, raising the annual growth rate to 3.1%. Resident deposits fell by EUR 22.5 million, while resident loans rose by EUR 269.9 million, driven by household and corporate borrowing.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-04-29•Colombia•Superintendencia Financiera de Colombia
Francisco Duque, Acting Director for Research, Innovation and Development at Colombia's Financial Superintendence, emphasized taxonomy, information, and equity in advancing green projects. He highlighted the need for regulation to enhance project information access and monitoring, and called for improved capacity to assess impacts. Duque also advocated for private support, state-backed guarantees, and greater capital market and community involvement in sustainable financing.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-04-29•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg's Cahier d’études No. 197 examines Luxembourg-based captive financial institutions (CFIs) linked to private equity or real estate funds, highlighting limited external borrowing. In 2022, CFIs with credit exposures below 5% of liabilities represented 60% of CFIs and 63% of assets, while loan-reliant CFIs, with 70% credit exposure, accounted for 15% of CFIs and 10% of assets. The study notes a growing creditor network from 2014 to 2022, with German banks financing real estate and US banks funding private equity.
ResearchCorporate governance
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2025-04-29•Greece•Bank of Greece
The Bank of Greece's March 2025 statistics indicate accelerated year-on-year growth in total credit to the domestic economy at 6.9% and total deposits at 5.1%. Credit to the private sector grew 10.3% year-on-year, driven by corporations, while private sector deposits increased by EUR 2,405 million, supported by corporate deposits. General government deposits decreased by EUR 1,046 million, with annual growth slowing to 12.1%.
Data & statisticsMonetary data
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2025-04-29•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission approved the registration of Fundo Elefantes Bay, a private subscription venture capital fund managed by IFA – Sociedade Gestora de Organismos de Investimento Colectivo, S.A. The fund will invest in equity and debt instruments of companies in Baia dos Elefantes, Benguela, and may invest up to 50% of its assets in securities on regulated markets.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-29•Europe•European Securities and Markets Authority
The European Securities and Markets Authority (ESMA) has issued guidelines for National Competent Authorities to prevent and detect market abuse in crypto assets under the Markets in Crypto-Assets Regulation (MiCA). The guidelines aim to ensure consistent supervision across the EU, leveraging ESMA’s experience under the Market Abuse Regulation (MAR) and addressing the cross-border nature of crypto trading. Authorities are encouraged to develop a common approach through dialogue with industry and other NCAs.
Policy & regulationGuidance & interpretationMarket abuse
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2025-04-29•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) announced a collaboration with the Tanzania Police to enhance road safety and motor vehicle insurance effectiveness. The partnership aims to address motor insurance crime, increase insurance awareness among police, and explore insurance market opportunities. TIRA highlighted the police's role in enforcing motor insurance compliance.
Policy & regulationCooperationOther
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2025-04-29•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has updated its public warning list, adding five investment projects, bringing the total to 433. The newly listed projects include Livaxxen, BTCMiner, CoinMall, Raise My Funds, and NSBroker. The Commission emphasized its ongoing efforts in investor protection and noted recent actions by the Cyber Police to block access to suspected scam websites.
SupervisionAlertsSanctions list update
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2025-04-29•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank reported an improvement in Dutch pension funds' funding ratios in Q1 2025, with the average funding ratio rising to 119.6% due to a greater decline in liabilities than investments. Total investments fell by 5.8% to EUR 1,589 billion, while liabilities decreased by 8.5% to EUR 1,328 billion, influenced by higher interest rates. The policy funding ratio increased by 0.6 percentage points to 117.8%.
Data & statistics
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2025-04-29•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets fined Achmea Real Estate B.V. EUR 1,700,000 for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Act by its predecessor, Syntrus Achmea Real Estate & Finance B.V. The violations involved late reporting of unusual transactions and inadequate ongoing monitoring from 2018 to 2022. The case was settled with a 15% fine reduction under AFM’s simplified fine settlement procedure.
EnforcementInvestigations & enforcement actionsAML and CFT
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2025-04-29•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique's 2019 Annual Report highlights a 21.2% sector growth, with insurance penetration at 1.67%. Gross written premiums rose in life (27.5%) and non-life (20.3%) segments, while net profit reached MZN 1,575.7 million. The report notes improvements in solvency margin coverage, complementary pension fund performance, and consumer protection efforts addressing 39 complaints.
Data & statisticsActivity and performance reporting
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2025-04-29•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique appointed António Isaac Jeco Chiau and Mércio Filipe Sitoe as new executive administrators. Mozambique’s Minister of Economy and Finance, Adriano Maleiane, emphasized priorities such as sustaining insurance market growth, enhancing microinsurance, and revisiting legislation. He also advocated for increased co-insurance use and improved insurance financial literacy.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-29•Mozambique•Insurance Supervision Institute of Mozambique
The Insurance Supervision Institute of Mozambique launched the Bank Supervision Application (BSA), a web-based platform to enhance supervision of the insurance and pensions sector. Part of broader reforms with the Ministry of Economy and Finance and the Bank of Mozambique, it aims to modernize supervisory tools and improve data management. Originating in 2003 as a regional initiative, BSA adapts banking supervisory technology for advanced data analysis and risk management.
SupervisionInnovation & testingSupervision process and methodologies
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2025-04-29•Morocco•Moroccan Insurance Authority (ACAPS)
Morocco's ACAPS and Oman's FSA are co-hosting a regional seminar in Muscat on 29–30 April 2025 to discuss expanding insurance coverage in the Middle East and North Africa. The event will address market development challenges and opportunities, focusing on modernising insurance markets, consumer protection, financial education, sustainable insurance, and innovation. This initiative aligns with ACAPS's memorandum of understanding with the FSA on technical cooperation and regulatory harmonisation.
Policy & regulationCooperationMarket development
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2025-04-29•Ireland•Central Bank of Ireland
The Central Bank of Ireland has appointed Mícheál O’Keeffe as Director of Policy and International, joining the Senior Leadership Team to lead financial regulation development. O’Keeffe, currently a Senior Advisor to Minister Paschal Donohoe, has held various roles at the Central Bank of Ireland and the European Central Bank.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-29•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority organized a training day on United Nations targeted financial sanctions for its supervised entities and staff. The sessions focused on the legal framework, current Security Council sanctions, the Foreign Affairs Ministry’s role, and how freezing and seizure measures are applied under UN resolutions.
Policy & regulationGuidance & interpretation
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2025-04-29•Georgia•Insurance State Supervision Service of Georgia
The Insurance State Supervision Service of Georgia held an educational session at Kutaisi No41 Public School of Physics and Mathematics during Insurance Day week, highlighting insurance and the actuarial profession. Ana Kharatishvili, President of the Service, presented on insurance history, actuarial roles, and professional development, linking the event to Georgia's Insurance Day and the National Financial Education Strategy.
Financial literacy & educationFinancial literacy and education
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2025-04-29•Italy•Bank of Italy
The Bank of Italy's Financial Stability Report (No. 1/2025) highlights increased financial-stability risks following new US tariffs, despite easing tensions. Italy's financial environment remains stable, with good government bond market liquidity and rising housing prices, though corporate profitability and debt-servicing capacity show strain. The report also covers crypto-asset regulation, public guarantees for banks, and compulsory insurance for natural disasters.
ResearchEconomic data and developmentsFinancial stability and systemic risk
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2025-04-29•Italy•Bank of Italy
The Bank of Italy, in collaboration with the Central Bank of Ireland, will host the ninth annual European System of Central Banks Research Cluster 2 workshop in Dublin on 23-24 October 2025. The event will cover topics such as international macroeconomics and fiscal policy, featuring keynote speakers Swati Dhingra and Gianmaria Milesi Ferretti. Attendance is restricted to researchers from the ESCB and the Bank of England.
ResearchOther
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2025-04-29•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia outlined its strategic approach to green finance, emphasizing its first Strategy for integrating climate factors into financial stability and central banking policies. Key measures include regulatory requirements for disclosing data on green loans and banks’ climate risk exposures, and the publication of a Green Finance Review. The bank also participates in the Network for Greening the Financial System, contributing to a guide on climate-related risk disclosures.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable finance
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2025-04-29•Italy•Bank of Italy
The Bank of Italy's Financial Stability Report No. 1-2025 highlights that new US tariffs in early April caused global market turbulence and weaker growth expectations, impacting financial stability. Italian markets saw increased volatility and declines in equity and corporate bond prices, though government bond spreads improved. The report notes stable banking conditions, limited household risks, and potential profitability declines in trade-exposed sectors, while emphasizing the need to monitor cyber and operational risks.
ResearchFinancial stability and systemic risk
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2025-04-29•China•Central Bank of the Republic of China
The People's Bank of China held a meeting to implement a comprehensive statistical system for financial data reporting and supervision, emphasizing its role in assessing finance's impact on the real economy. The "1+N" system includes a central statistical regime and subfield frameworks, with institutions preparing for data submissions. Priorities include enhancing internal coordination, data quality controls, and local branches inspecting institutions.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-29•China•Central Bank of the Republic of China
The Central Bank of the Republic of China reported March bond issuance at CNY 87,356.6 billion and an end-March bond custody balance of CNY 183.1 trillion, with foreign institutions holding CNY 4.4 trillion. Interbank funding rates decreased to 1.85% for lending and 1.87% for pledged repos. Interbank cash bond trading reached CNY 36.5 trillion, while exchange trading was CNY 3.6 trillion.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-29•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority's review of alternative investment fund managers and investment management companies revealed deficiencies in marketing practices, including misleading information and inadequate risk disclosure. The findings, benchmarked against EU regulations, were detailed in inspection reports for Difko Forvaltning A/S, European Maritime Finance A/S, Fundmarket A/S, and Wealth Fund Partners A/S. The authority updated its thematic report to include these observations and requirements.
SupervisionReviews, inspections & stress testsSales and distribution
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2025-04-29•Lithuania•Bank of Lithuania
The Bank of Lithuania released March 2025 MFI balance sheet and interest rate statistics, showing increases in deposits and credit to households and non-financial corporations, alongside declines in interest rates on new loans and deposits. Deposits rose by EUR 422.0 million, with household and corporate deposits reaching EUR 25.6 billion and EUR 10.9 billion. Loans increased by EUR 372.8 million, with interest rates on new household and corporate loans falling to 5.24% and 4.98%.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-04-29•Greece•Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance plans to mandate IRIS instant payments for all merchants by 1 November 2025, enabling fee-free real-time payments from bank accounts. The ministry reported significant growth in IRIS usage, with over 3.7 million P2P users and 27 million transactions in early 2025, highlighting benefits like lower charges and immediate fund receipt for businesses. Coordination with banks and acquirers is planned for the rollout.
Policy & regulationRules & requirementsPayments and payment systems
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2025-04-29•Botswana•Botswana Non-Bank Financial Institutions Regulatory Authority
The Botswana Non-Bank Financial Institutions Regulatory Authority has temporarily closed Fima Enterprises (Pty) Ltd and frozen its bank accounts for non-compliance with financial services laws. Under Section 94(1) of the Non-Bank Financial Institutions Regulatory Authority Act, Fima must stop taking new clients and issuing loans but will continue servicing existing clients. Clients must still fulfill their obligations under existing loan agreements.
EnforcementInvestigations & enforcement actionsLendingPrudential risks
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2025-04-29•Portugal•Bank of Portugal
The Bank of Portugal's March 2025 statistics show accelerated growth in household credit, particularly mortgages, and a rise in corporate lending, while household deposit growth decelerated. Household loan stocks increased by 5.8% year on year, with mortgages up 5.4% and consumer loans up 7.1%. Corporate loans reached EUR 72.7 billion, marking a 1.4% annual increase, while household deposits grew 5.9% year on year despite a monthly decline.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-29•Australia•Australian Transaction Reports and Analysis Centre (AUSTRAC)
AUSTRAC has launched a compliance campaign targeting inactive digital currency exchanges (DCEs), urging them to withdraw registrations or face cancellation to prevent criminal misuse. AUSTRAC oversees 427 DCEs and can cancel inactive registrations, with decisions published online. A searchable DCE register will follow.
SupervisionInterventionsLicensing and supervisory fees
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2025-04-29•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong's Process Review Panel for the Insurance Authority published its 2024 Annual Report, reviewing the Insurance Authority's internal procedures across 20 cases from 2023. The report highlights the IA's handling of complaint processing, insurer authorisation, and intermediary licensing, noting cooperation and proactive responses to prior recommendations.
Institutional developmentCooperation & capacity buildingSupervision process and methodologies
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2025-04-29•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong's Financial Services and the Treasury Bureau acknowledged the 2024 Annual Report of the Process Review Panel for the Insurance Authority, which assessed the adequacy of the Insurance Authority’s procedures and guidelines. The review focused on regulatory functions like complaint handling, insurer authorisation, and disciplinary actions. The Bureau emphasized the panel's role in promoting fair and consistent use of the Insurance Authority’s powers.
Institutional developmentCooperation & capacity buildingSupervision process and methodologies
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2025-04-29•United States•Federal Housing Finance Agency
The Federal Housing Finance Agency reported a 0.1% increase in U.S. house prices for February, with a 3.9% rise from February 2024 to February 2025. January's monthly increase was revised from 0.2% to 0.3%. Price changes varied across census divisions, with the Pacific division experiencing a -0.8% change and the New England division a +1.3% change.
Data & statistics
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2025-04-29•Portugal•Portuguese Securities Commission (CMVM)
The Portuguese Securities Commission (CMVM) released its March 2025 monthly benchmarks on order reception and directed users to its Institutional and Investor Portals for email notification subscriptions.
Data & statisticsOther
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2025-04-29•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of Kazakhstan, with Kazakhstan-British Technical University and First Credit Bureau LLC, hosted the "Risk Management Case Competition 2025" on machine-learning anti-fraud models. It attracted 81 teams from 21 universities in Kazakhstan, Uzbekistan, England, and Australia, focusing on data analysis and model accuracy. Blue Ocean from Maqsut Narikbayev University won first place, receiving grants for the FRM Part I exam and placements at second-tier banks.
Financial literacy & educationRisk management
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2025-04-29•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Adil Nurlanovich Mukhamedzhanov as chair of the board of directors of JSC KASE Clearing Centre, as per Protocol No. 239/RCB dated 28 April 2025.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2025-04-29•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Olesya Olegovna Akylova as Deputy Chair and a Management Board member of JSC Bank VTB Kazakhstan.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-29•Indonesia•Ministry of Finance (Indonesia)
Indonesia’s Ministry of Finance has formed a committee to appoint the Deputy Chair of the Board of Commissioners of the Indonesia Deposit Insurance Corporation for 2025–2030. Chaired by Finance Minister Sri Mulyani Indrawati, it includes representatives from the government, Bank Indonesia, the Financial Services Authority, and the financial sector. The committee will shortlist candidates for the President, who will forward names to the House of Representatives for final approval.
Institutional developmentLeadership change & appointmentsHiring and recruitment
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2025-04-29•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding fraudulent websites and internet banking login screens linked to Dah Sing Bank, Limited. The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information by phone, email, or SMS. Affected individuals should contact the bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-04-29•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert that the firm on https://chinaskycredit.com is not authorised under the Banking Ordinance to conduct banking or deposit-taking in Hong Kong. The HKMA advises the public to verify the authorisation status of firms claiming HKMA approval before engaging in transactions or sharing personal information.
SupervisionAlertsLicence approval
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2025-04-29•Bulgaria•National Bank of Bulgaria
The National Bank of Bulgaria's Governor submitted the 2024 annual report to the National Assembly, as required by the Bulgarian National Bank Act. The report is available on the bank's website.
Data & statisticsAccounting and financial reporting
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2025-04-29•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority released its Lending Statistical Bulletin, detailing aggregate lending data and trends in the banking sector as of 30 September 2024.
Data & statisticsSupervisory data
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2025-04-29•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority released a Banking Statistical Bulletin detailing aggregate data on the Island’s banking sector, highlighting quarterly and annual trends as of 30 September 2024.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-29•United Kingdom•UK Parliament
The UK Parliament's Public Accounts Committee report urges HM Revenue & Customs to simplify tax administration, modernize customer service, and update legacy technology to effectively utilize artificial intelligence. Tax collection costs rose by GBP 563 million from 2019-20 to 2023-24, while compliance productivity declined. The report highlights outdated service delivery and calls for integrating taxpayer needs into system design, noting significant costs associated with the Making Tax Digital initiative.
Policy & regulationReform agendas & prioritiesOther
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2025-04-29•United Kingdom•UK Parliament
The UK Parliament’s Treasury Committee report warns that declining cash acceptance could create a two-tier society, impacting vulnerable groups with higher costs for essentials. It calls for improved monitoring of cash acceptance, noting conflicting evidence on current practices and resilience benefits of cash use. The Economic Secretary to the Treasury stated there are no plans to mandate cash acceptance, though MPs suggest it may be necessary if cash users remain unsupported.
Policy & regulationReform agendas & prioritiesCurrency and cash management
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2025-04-29•India•Reserve Bank of India
The Reserve Bank of India amended the Foreign Exchange Management (Foreign Currency Accounts by a Person Resident in India) Regulations, 2015, extending the period for opening Diamond Dollar Accounts from two to three years. This change is reflected in Schedule II of the principal regulations and is effective from its publication date in the Official Gazette.
Policy & regulationRules & requirementsForeign exchange policy and markets
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2025-04-29•Europe•European Central Bank
The European Central Bank's Economic Bulletin introduces a new five-year-ahead inflation expectations indicator in its Consumer Expectations Survey, showing long-term expectations remain near the ECB's 2% target despite recent inflation surges. The analysis reveals stable median expectations since 2022 and highlights the importance of monitoring these expectations across different horizons to assess their anchoring during inflation shocks.
Research
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2025-04-29•Europe•European Central Bank
ECB Executive Board member Piero Cipollone noted geopolitical tensions and US tariff hikes are fragmenting the economy, impacting growth, capital flows, and the monetary system. He stressed enhanced monitoring, monetary policy adaptation, international cooperation, and financial stability planning. Cipollone also discussed the ECB's pioneering role in cross-currency settlement services and the euro's potential international expansion with integrated European capital markets.
Monetary policyMonetary policy assessments & outlooksGeopolitical risk
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2025-04-29•United Kingdom•Joint Money Laundering Steering Group
The Joint Money Laundering Steering Group has obtained HM Treasury ministerial approval for its guidance material published in September 2024, October 2023, and July 2023. All revisions are accessible under the "Revisions" tab within "Guidance".
Policy & regulationGuidance & interpretationOther
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2025-04-29•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) detailed the new Complementary Law 213/2025, integrating mutualistic patrimonial protection groups and insurance cooperatives into the National System of Private Insurance. The law expands insurance cooperatives' scope, introduces mutualistic operation administrators, and emphasizes consumer protection and sustainability, with fines up to BRL 35 million for non-compliance. SUSEP also noted mandatory registration for vehicle protection associations and plans for public consultations in future regulations.
Policy & regulationRules & requirements
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2025-04-29•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) achieved 100% "active transparency" per Brazil’s Office of the Comptroller General, proactively disclosing information online to enhance public access and reduce repetitive requests, in line with Brazil’s Access to Information Law. SUSEP's disclosures include financial and institutional information on its website.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines updated its online list of cancelled and replaced Bangko Sentral Registration Documents (BSRDs) for non-resident investments in resident firms, covering changes from April 2020 to December 2022. These BSRDs, related to foreign exchange transactions, should not be used for capital repatriation or earnings remittance.
Policy & regulationImplementation, projects & pilotsLicence withdrawal
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2025-04-29•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) issued guidance to closed complementary pension entities on applying CNPC Resolution 62/2024 regarding the Administrative Management Plan (PGA). The circular clarifies reporting and disclosure requirements, including Article 17 procedures for the 2026 Annual Information Report and public availability of PGA rules and budgets. Entities must amend PGA rules, prepare a multi-year budget, and conduct a feasibility study within a year from 24 March 2025.
Policy & regulationGuidance & interpretationRegulatory reporting
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2025-04-29•India•India International Financial Services Centres Authority
The India International Financial Services Centres Authority has allowed the India International Bullion Exchange to extend trading hours for spot contracts and removed net worth requirements for most customer classes, except Qualified Jewellers and Suppliers. These changes, part of the IFSCA (Bullion Market Regulations), 2025, aim to enhance market participation and facilitate timely bullion and cash deployment.
SupervisionAuthorisations & approvalsMarket development
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2025-04-29•Estonia•Ministry of Finance (Estonia)
The Ministry of Finance (Estonia), with Eesti Pank, the Estonian Financial Supervisory Authority, and the Estonian Banking Association, announced the 2025 Rahatarkuse Vedur awards. Five leaders and four initiatives were honored for advancing financial literacy and personal finance skills in Estonia, with categories including financial literacy promotion and contribution. The event emphasized targeting groups most in need, such as women and vulnerable populations.
Financial literacy & educationFinancial literacy and education
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2025-04-29•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines issued a supervisory update on the CIMB incident involving unauthorized fund transfers, confirming that affected customers' funds have been restored. CIMB is investigating to prevent future occurrences, with the central bank maintaining engagement and readiness to take necessary actions. Further updates will be communicated by CIMB and the central bank.
SupervisionInterventionsOperational risk and resilienceUnlicensed or unauthorized activity
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2025-04-29•Estonia•Finantsinspektsioon
Finantsinspektsioon has licensed Finterest Eesti OÜ to operate as a credit intermediary, allowing it to issue consumer credit and facilitate credit agreements. The firm's management board includes Eitautas Bartuškevičius and Mihkel Rembel, and it is listed on Finantsinspektsioon’s register of supervised entities.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-29•Estonia•Finantsinspektsioon
The Estonian Financial Supervision Authority, with the Ministry of Finance, the Bank of Estonia, and the Estonian Banking Union, held an awards ceremony to honor contributions to financial literacy in Estonia. Awards were given to Naisinvestorite Klub, Helen Karus, Marko Oolo, and a project in five schools in Lääne-Virumaa. Commendations recognized efforts by the Pesapuu consultation and training centre, Kaidi Kornak, Viivika Vilja, Marin Vallikivi, and Investingwomen/girlsmoneymind.
Financial literacy & educationFinancial literacy and education
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2025-04-29•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation of unauthorized insurance intermediation on three websites and instructed providers in Italy to block access. This action raises the total number of blocked websites to 235 since November 2023. IVASS advises consumers to verify the legitimacy of insurance offers through its online registers before making payments.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-04-29•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission announced the Ministry of Finance’s Decision 1541/QD-BTC, establishing the schedule of securities-sector service prices for the Vietnam Stock Exchange and its subsidiaries, as well as the Vietnam Securities Depository and Clearing Corporation. The decision is effective immediately.
Policy & regulationRules & requirementsMarket infrastructure
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2025-04-29•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) issued an alert regarding counterfeit surety policies linked to ALM. Brand Forsikring A/S, a Denmark-based insurer. IVASS advised caution and urged verification of insurance offers to ensure they are from authorised insurers and intermediaries, directing stakeholders to its website for checks and warnings on counterfeiting and unauthorised entities.
SupervisionAlertsFraud and scams
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2025-04-29•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority has selected six fintech firms to participate in its pilot regulatory sandbox, including ECDD Holdings Limited and Emerge Group Limited, to test innovative financial products and services. The selection was based on criteria such as innovation, consumer benefit, low risk, and management experience.
SupervisionInnovation & testingFintech and insurtech
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2025-04-29•Slovakia•National Bank of Slovakia
The National Bank of Slovakia's Bank Board has approved its assessment of domestic systemically important banks, maintaining the list of other systemically important institutions (O-SIIs) and their capital buffer rates for 2026. The O-SII buffer rates will remain at 2.00% for Slovenská sporiteľňa, 1.75% for Všeobecná úverová banka, 1.50% for Tatra banka, 1.25% for Československá obchodná banka, and 0.25% for Prima banka.
Policy & regulationRules & requirementsCapital adequacy
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2025-04-29•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) released its Economic Bulletin for Q1 2025, noting a significant rise in securities offerings via electronic investment crowdfunding platforms, totaling BRL 0.79 billion. Total securities issuance reached BRL 173 billion, with debentures and notes comprising BRL 107.3 billion. CVM-regulated participants increased by 3.7% year-on-year to 90,423, with investment funds growing 11.5% to BRL 9.91 trillion.
Data & statisticsActivity and performance reporting
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2025-04-29•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has imposed a 60-month ban on Pedro Henrique Cruzeiro Rabelo for irregular securities portfolio management. The decision followed a unanimous vote by the CVM Board, excluding Director Marina Copola due to an institutional engagement. Rabelo may appeal to the National Financial System Appeals Council.
EnforcementInvestigations & enforcement actions
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2025-04-29•Estonia•Central Bank of Estonia
The Central Bank of Estonia has updated its statistics release calendar, confirming the publication of second-quarter 2025 statistics on savings and loan associations on 29 July 2025. These statistics, published monthly with a quarterly summary, cover active associations' assets, loans, deposits, and interest rates.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-29•Albania•Albania Financial Services Authority
The Albania Financial Services Authority’s Board approved regulations on life insurance linked to collective investment undertakings and procedures for debt securities issuance documentation. It registered Banka Credins JSC’s bond offer and confirmed compliance of several entities with Law No. 76/2023 on private pension funds. Amendments to Insig Life JSC’s statute and insurance agent activity were also approved.
Policy & regulationRules & requirementsSecurities offerings and listings
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2025-04-29•Cambodia•Securities and Exchange Regulator of Cambodia
The Securities and Exchange Regulator of Cambodia (SERC) conducted a workshop to promote financing through debt securities issuance under the Medium-Term Note Framework. The event, presided over by Sou Socheat, aimed to raise awareness among listed companies, potential issuers, the Cambodia Securities Exchange, and other market participants.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
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2025-04-29•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia has appointed Prof. Dr. Amir Shaharuddin and Prof. Dr. Abdul Rahim Abdul Rahman to its Shariah Advisory Council (SAC), increasing its membership to nine. The SAC, chaired by Dato’ Prof. Dr. Ashraf Md Hashim, is the highest authority on Islamic law for financial matters in Malaysia. The appointments are effective from 1 May 2025 to 30 April 2027.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-29•Europe•European Central Bank
The European Central Bank's March Consumer Expectations Survey shows stable perceived inflation over the past year, with increased inflation expectations for the next one and three years, and unchanged five-year expectations. Nominal income growth expectations remained at 1.0%, while expected spending growth decreased to 3.4%. The survey also noted a slight decline in the expected unemployment rate to 10.4% and an increase in expected home price growth to 3.1%.
Data & statisticsEconomic data and developments
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2025-04-29•Fiji•Reserve Bank of Fiji
The Reserve Bank of Fiji appointed Ms Jacinta Hesaie as Chief Manager of the Economics Group, effective 1 May 2025, where she will lead monetary policy formulation and economic analysis. Ms Hesaie has been with the Bank since 2006 and has served in various roles, including a secondment to the International Monetary Fund.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-29•Saudi Arabia•Saudi Arabia Insurance Authority
Saudi Arabia's Insurance Authority has launched a master's program in actuarial science and insurance and risk management with Bayes Business School and the Financial Academy. The program offers internationally recognized accreditation and aims to strengthen the technical and leadership skills of insurance professionals in the Kingdom.
Financial literacy & educationRisk management
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2025-04-29•Global•Glasgow Financial Alliance for Net Zero
The Glasgow Financial Alliance for Net Zero announced a financing agreement for the Saguling floating solar photovoltaic plant in West Java, Indonesia, under the Just Energy Transition Partnership, with DEG, Proparco, and Standard Chartered committing USD 60 million. Developed by PLN Indonesia Power and ACWA Power, the project aims to reduce carbon emissions by at least 63,100 tonnes annually and serves as a public-private partnership model for future clean energy initiatives.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-04-29•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini announced that Mukuru Financial Services (Pty) Limited will cease operations on 30 June 2025, undertaking a voluntary wind-down under the Bank's supervision. The process aims to be orderly, meeting regulatory requirements while protecting customers and stakeholders. Pending transactions will be honoured during the transition, with further updates provided as necessary.
SupervisionInterventionsRecovery and resolution
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2025-04-29•United States•U.S. Financial Services Committee
The U.S. House Financial Services Committee’s Capital Markets Subcommittee held a hearing to scrutinize the influence of proxy advisory firms, particularly ISS and Glass Lewis, on shareholder voting outcomes. Subcommittee Chair Ann Wagner highlighted concerns over market concentration, conflicts of interest, and the impact of proxy advisor recommendations on corporate governance. Wagner urged the SEC to enhance oversight and ensure transparency and accountability in the proxy system.
Policy & regulationReform agendas & prioritiesCorporate governance