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2025-04-28•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance, through Superintendent Guillermo Plate's remarks at the first Insurance Week 2025, emphasized a focus on transparency, open data, and regulatory simplification. Plate advocated for a supervision model balancing deregulation with effective controls to support growth and protect policyholders. He also stressed modernizing the supervisory authority to enhance efficiency and accessibility.
SupervisionSupervision approach, priorities & toolkitOther
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2025-04-28•Moldova•National Bank of Moldova
The National Bank of Moldova (NBM), led by Governor Anca Dragu, attended the IMF “Regional Economic Outlook” forum in Washington, emphasizing macroeconomic and financial-sector reform priorities. The visit included meetings with the IMF, World Bank, and US Department of the Treasury, focusing on external partnerships, inflation, and Moldova’s European integration. The NBM launched a Financial Sector Assessment Program to align with international standards and discussed anti-money laundering, financial inclusion, and digitalization.
Policy & regulationReform agendas & prioritiesCross-border cooperation
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2025-04-28•United Arab Emirates•Dubai International Financial Centre
At the Dubai World Insurance Congress, the Dubai International Financial Centre (DIFC) reported a 35% increase in gross written premiums to USD 3.5 billion in 2024, with over 125 insurance and reinsurance entities operating there. DIFC released its first report on the global insurance industry's outlook, highlighting growth opportunities in the USD 8 trillion market, including climate and cyber risks, AI in claims, and collaboration with InsurTechs. The Congress, DIFC's largest to date, features 1,700 attendees from 82 countries and over 6,000 scheduled meetings.
ResearchMarket development
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2025-04-28•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas' December 2024 Quarterly Bank Lending Conditions Survey shows improved lending conditions and increased private-sector credit demand, driven by consumer borrowing. Commercial banks processed 20,145 applications (up 22.7%) with an approval rate of 80.8%, while loan denials rose 17.2% due to high debt service ratios and prior delinquencies. Most surveyed banks reduced lending rates and adjusted terms, anticipating stable credit conditions in the near term.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-27•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Arabian Monetary Authority has launched a public consultation on proposed updates to the Implementing Regulations of the Finance Companies Control Law. Key changes include increasing the aggregate finance amount finance companies can offer and easing entry requirements by reducing bank guarantees for licence applications. The draft also revises provisions for related parties and outlines conditions for licence expiration.
Policy & regulationRules & requirementsLicensing framework and process
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2025-04-27•Montenegro•Central Bank of Montenegro
Montenegro's Central Bank Governor Irena Radovic endorsed the IMF's plan to establish a Regional Technical Assistance Centre for Southeast Europe to enhance economic management in the Western Balkans and Moldova. The centre will focus on fiscal, monetary, and financial sector policy, macroeconomic statistics, and legal aspects including AML/CFT. Radovic also participated in discussions on SEPA integration and regional regulatory challenges at the IMF/World Bank Spring Meetings.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-04-27•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank (SAMA) is consulting on draft updates to the implementing regulations of the Finance Companies Control Law. Key proposals include increasing the aggregate financing amount finance companies can offer, easing licensing requirements by reducing bank guarantees, and revising provisions on related parties and licence expiration.
Policy & regulationRules & requirementsLicensing framework and process
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2025-04-27•Georgia•National Bank of Georgia
The National Bank of Georgia reported on Governor Natia Turnava’s meeting with the World Bank Treasury’s Reserve Advisory and Management Partnership (RAMP) Program, emphasizing enhanced reserve management strategies. RAMP expressed readiness to deepen cooperation through expertise sharing and technical assistance. The National Bank of Georgia has been part of RAMP since 2009, with the partnership renewed in October 2024 for three more years.
Policy & regulationCooperationCapacity buildingDomestic cooperation
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2025-04-27•Georgia•National Bank of Georgia
Natia Turnava of the National Bank of Georgia attended a World Bank meeting of women central bank governors, discussing gender issues and women's financial inclusion. She highlighted initiatives like a Financial Education Portal and a revised Corporate Governance Code with gender quotas to empower women and improve financial access. Women hold 54% of senior and middle management roles at the bank, and five of the nine Supervisory Board members are women.
Financial literacy & educationDiversity and inclusion
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2025-04-27•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia announced its accession to the Single Euro Payments Area (SEPA) and regulatory amendments for domestic payment service providers to connect to SEPA systems by October 2025. Preparations with domestic banks are underway for integration into the European payments ecosystem, focusing on instant payments in 2026. The update also highlights World Bank assistance in strengthening the macroprudential framework and completing secondary legislation under the Bank Resolution Law.
Policy & regulationRules & requirementsCross-border payments
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2025-04-27•Iraq•Central Bank of Iraq
The Central Bank of Iraq launched Iraq’s Financial Inclusion Week, focusing on enhancing financial inclusion and awareness for vulnerable groups, with activities including workshops, exhibitions, and campaigns from 27 April to 5 May 2025, in coordination with banking associations.
Financial literacy & educationFinancial inclusionFinancial literacy and education
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2025-04-27•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines is collaborating with CIMB to address unauthorized fund transfers impacting some CIMB customers. CIMB has assured the return of affected funds and has started restoring customer balances based on a preliminary report.
SupervisionInterventionsComplaints and dispute resolution
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2025-04-27•Europe•European Council
The European Council, visiting Bulgaria, emphasized its recent Schengen accession and progress towards euro adoption, with inflation as a key eurozone entry criterion. The visit highlighted EU priorities of competitiveness and defence, with stops in Sofia and Stara Zagora showcasing defence industries and AI research. An upcoming assessment by the European Commission and European Central Bank will evaluate Bulgaria's inflation criterion.
Policy & regulationReform agendas & prioritiesOther
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2025-04-27•Kosovo•Central Bank of the Republic of Kosovo
Governor Ahmet Ismaili of the Central Bank of Kosovo attended IMF meetings with regional central bank governors and Western Balkan counterparts, discussing Europe's economic outlook and a proposal for an IMF South East Europe Technical Assistance Center (SETAC). Chaired by IMF Europe Director Alfred Kammer, the meetings reviewed economic developments and SETAC's scope, including monetary and fiscal policy, financial stability, and anti-money laundering efforts.
Policy & regulationCooperationCross-border cooperation
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2025-04-27•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority (FRA) outlined progress in establishing Africa's first supervised voluntary carbon market, using the Egyptian Exchange as the trading platform. The FRA issued rules for listing and delisting carbon emission reduction certificates, set standards for accrediting local registries, and approved trading and settlement rules. The FRA also emphasized the need for awareness-building, robust infrastructure, and high-quality certificates, particularly in the agriculture sector.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-04-27•Egypt•Central Bank of Egypt
The Central Bank of Egypt's Governor Hassan Abdalla met with IMF Deputy Managing Director Nigel Clarke to enhance bilateral cooperation and review Egypt's macroeconomic indicators under the IMF-supported reform programme. The meeting, held during the IMF and World Bank Group Spring Meetings, included key Egyptian ministers and officials. Clarke praised Egypt's handling of economic challenges and its commitment to reforms.
Policy & regulationCooperationDomestic cooperation
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2025-04-27•Palestine•Palestine Monetary Authority
The Palestine Monetary Authority (PMA) reported that Governor Yahya Shunnar concluded an official visit to Washington, D.C., during the IMF and World Bank Spring Meetings. The delegation engaged in discussions to strengthen cooperation and support for the Palestinian economy, focusing on financial stability, inclusion, and support for small and medium-sized enterprises. Governor Shunnar advocated for increased IMF support and representation for Palestine, emphasizing transparency and economic reforms amid ongoing challenges.
Policy & regulationCooperationCross-border cooperation
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2025-04-26•Ghana•Ministry of Finance (Ghana)
Ghana’s Finance Minister Dr. Cassiel Ato Forson, at the IMF and World Bank Spring Meetings, emphasized using external financing for impactful investments over non-productive spending. The World Bank’s Development Policy Operation facility for Ghana will increase to over USD 400 million. Bank of Ghana Governor Dr. Johnson Asiama announced a new legal framework supported by Bretton Woods institutions and projected no losses for the central bank this year.
Policy & regulationReform agendas & prioritiesCross-border cooperation
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2025-04-26•Ghana•Ministry of Finance (Ghana)
Ghana’s Ministry of Finance and the IFC discussed enhancing cooperation and targeting IFC investments in infrastructure, agriculture, and private sector capital mobilization. The IFC expressed interest in leveraging Ghana's diaspora for development and supporting financial sector stabilization. Finance Minister Cassiel Ato Forson and Bank of Ghana Governor Johnson Asiama emphasized the importance of collaboration.
Policy & regulationCooperationDomestic cooperation
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2025-04-26•Rwanda•Rwanda Capital Markets Authority
The Capital Market Authority of Rwanda, with the Rwanda Stock Exchange, is advancing efforts to help small and medium-sized enterprises access sustainable financing through Rwanda’s capital markets. The Authority highlighted its dual role as regulator and market enabler, emphasizing reforms to support businesses and ensure governance standards for investor trust. The Investment Clinic is a practical channel for prospective issuers to meet governance standards and build investor confidence.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-04-26•Tanzania•Tanzania Insurance Regulatory Authority
Tanzania Insurance Regulatory Authority (TIRA) joined the National Exhibition of Cultural and Artistic Works in Dar es Salaam to educate the public on insurance. TIRA highlighted its core functions, such as registering and licensing insurance providers, issuing market regulations, and advising the government on insurance matters. Visitors were encouraged to engage with TIRA for education and resolution of insurance-related issues.
Financial literacy & educationFinancial literacy and education
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2025-04-26•Nigeria•Ministry of Finance (Nigeria)
Nigeria’s Ministry of Finance, led by Finance Minister Wale Edun, aims to achieve single-digit inflation and job creation through infrastructure investment and private sector engagement. The budget will be adjusted to align with current realities, and international partners have acknowledged Nigeria's reform progress. Central Bank Governor Olayemi Cardoso emphasized the commitment to reducing inflation and noted increased investor interest.
Policy & regulationReform agendas & prioritiesEconomic data and developments
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2025-04-26•Georgia•National Bank of Georgia
The National Bank of Georgia's Governor Natia Turnava met with a Federal Reserve Bank of New York delegation to discuss macroeconomic outlooks, monetary policy, and institutional cooperation. The meeting, held during the IMF and World Bank Spring Meetings, emphasized Georgia's low inflation and financial sector resilience. Both parties expressed interest in strengthening bilateral engagement.
Policy & regulationCooperationCross-border cooperation
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2025-04-26•North Macedonia•National Bank of the Republic of North Macedonia
The National Bank of the Republic of North Macedonia reported on Governor Anita Angelovska-Bezoska’s participation in the IMF and World Bank Spring Meetings, focusing on economic resilience and external uncertainties. Foreign exchange reserves have increased by 40% since the pre-crisis period, driven by foreign direct investment inflows of 7.1% of GDP in 2024. The banking system's resilience has improved, with a stronger capital position supporting credit growth, while IMF projections indicate slower global growth and disinflation amid trade-related risks.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-04-26•China•Central Bank of the Republic of China
People's Bank of China Governor Pan Gongsheng, at the IMF's 51st International Monetary and Financial Committee meeting, urged accelerated IMF quota reform and enhanced macroeconomic policy coordination amid rising trade tensions. The IMFC emphasized a strong, quota-based IMF and called for completing domestic processes to implement the sixteenth general review's quota increase. Pan criticized recent US tariff measures for undermining multilateral governance and advocated supporting the multilateral trading system.
Policy & regulationInternational standards & recommendationsMonetary policy decisions and developments
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2025-04-26•China•Central Bank of the Republic of China
The People’s Bank of China released a readout of Governor Pan Gongsheng’s meeting with World Bank President Ajay Banga, discussing cooperation. Pan highlighted global economic instability due to unilateralism and protectionism, and emphasized China's moderately loose monetary and proactive fiscal policies. The bank expressed willingness to deepen financial cooperation with the World Bank and support multilateralism for global economic development.
Monetary policyOtherCross-border cooperation
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2025-04-26•China•Central Bank of the Republic of China
The People's Bank of China held its 2025 Accounting and Finance Work Conference to review 2024 outcomes and set priorities for the coming year. The 2025 agenda emphasizes rectifying issues from inspections and audits, enhancing financial resource management, and improving governance and oversight of affiliated entities. Deputy Governor Tao Ling and representatives from relevant departments and agencies attended the meeting.
Institutional developmentGovernanceAuditing
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2025-04-26•China•Central Bank of the Republic of China
At the IMF and World Bank Spring Meetings, People's Bank of China Governor Pan Gongsheng discussed global and China-Europe economic conditions with European financial leaders, emphasizing the need for enhanced bilateral financial cooperation. Pan noted China's strong economic start in Q1 and advocated for proactive macroeconomic policies and strengthened policy communication through existing China-EU and China-UK financial mechanisms.
Policy & regulationCooperationCross-border cooperation
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2025-04-26•Thailand•Thailand Office of Insurance Commission
Thailand’s Office of Insurance Commission (OIC) deployed teams to verify insurance coverage and coordinate claims after a multi-vehicle crash on Motorway 7. Insurers confirmed coverage through the OIC’s platform, with specific benefit caps for medical expenses, disability, and compensation. The OIC emphasized the "advance payment" approach for compulsory motor insurance, coordinating with insurers and hospitals to ensure treatment entitlements, pending the police investigation's outcome on liability.
SupervisionInterventionsOther
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2025-04-26•United Arab Emirates•National Anti-Money Laundering and Combating Financing of Terrorism and Financing of Illegal Organisations Committee (NAMLCFTC)
The UAE National Anti-Money Laundering Committee concluded a three-day visit to Morocco to strengthen cooperation on money laundering, terrorism financing and proliferation financing. Discussions focused on sanctions, risk assessments, artificial intelligence and risk-based supervision, including preparations for upcoming mutual evaluations.
Policy & regulationCooperationAML and CFTArtificial intelligenceCross-border cooperation
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2025-04-26•Serbia•National Bank of Serbia
The National Bank of Serbia reported on a meeting with the IMF, highlighting Serbia's economic performance and policy mix amid global uncertainty. The IMF praised Serbia's economic program, noting adequate monetary policy, strong foreign exchange reserves, and prudent fiscal policy. Serbia's GDP growth is projected at 3.5% in 2025 and 4.2% in 2026, with smaller downward revisions compared to regional peers.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-04-26•Serbia•National Bank of Serbia
Governor Jorgovanka Tabaković of the National Bank of Serbia stressed maintaining macroeconomic and financial stability through coordinated monetary and fiscal policies amid global uncertainty at the IMF and World Bank meetings. Key risks include geopolitical tensions, energy price volatility, and rising protectionism. Serbia's strategy involves cautious policy adjustments, maintaining the reference interest rate, stabilizing the dinar against the euro, and holding record foreign exchange reserves to manage inflation and support stability.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2025-04-26•Montenegro•Central Bank of Montenegro
At the IMF/World Bank Spring Meetings, Central Bank of Montenegro Governor Irena Radovic discussed payment systems modernization in the Western Balkans, focusing on SEPA alignment and the TIPS Clone project. She noted that the Central Bank of Montenegro and key banks have applied to join SEPA schemes, receiving positive feedback from the European Payments Council. Radovic also engaged in discussions on financial inclusion, women's economic empowerment, and global economic challenges at the International Monetary and Financial Committee's plenary meeting.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2025-04-26•Kosovo•Central Bank of the Republic of Kosovo
Governor Ahmet Ismaili of the Central Bank of Kosovo attended a World Bank roundtable on Western Balkans payment systems, stressing the need for regional instant payment infrastructure and digitalization. He noted Kosovo's alignment with the National Strategy for Retail Payments and collaboration with the Bank of Italy on the TIPS Clone project. The discussion highlighted regional coordination, stakeholder involvement, and European institutional support.
Policy & regulationImplementation, projects & pilotsCross-border cooperationPayments and payment systems
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2025-04-26•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reported on Governor Ahmet Ismaili's meeting with IMF's European Department Director Alfred Kammer, focusing on financial-sector developments and ongoing IMF–Kosovo cooperation. Discussions included strengthening Kosovo’s legal and regulatory framework, completing the Stand-By Agreement and Resilience and Sustainability Facility, and enhancing bank capitalization. Kammer emphasized financial stability progress and deeper cooperation, with the Governor acknowledging IMF support.
Policy & regulationImplementation, projects & pilotsCross-border cooperation
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2025-04-26•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority released February 2025 statistics, reporting total financing of EGP 118.5bn across capital market and non-banking financial sectors. Key figures include equity issuances of EGP 49.6bn, non-equity securities of EGP 32.6bn, and MSME financing balances of EGP 83.3bn. Additionally, sustainable development corporate bonds worth USD 499m were issued, with the EGP equivalent at an average exchange rate of EGP 50.44 per USD.
Data & statisticsActivity and performance reporting
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2025-04-26•Vietnam•State Bank of Vietnam
The State Bank of Vietnam Governor proposed using VND 5,000bn from the state budget to increase the Cooperative Bank's charter capital, aiming to enhance its financial capacity and support nearly 1,200 People’s Credit Funds. The National Assembly’s Economic and Financial Committee agreed in principle but highlighted legal and procedural issues, including alignment with the Public Investment Law and budget framework. The Committee requested clarification on funding sources, budget balancing, and a detailed capital-use plan.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-04-26•Vietnam•State Bank of Vietnam
The State Bank of Vietnam published an overview of the European Union Green Bond Standard (EuGBS) and highlighted the European Investment Bank’s (EIB) EUR 3 billion Climate Awareness Bond as the largest EuGBS-labelled issuance. Effective from late 2024, the EuGBS aims to enhance transparency in green bond disclosures. The EIB's issuance attracted orders exceeding EUR 40 billion, with BNP Paribas, Crédit Agricole, Deutsche Bank, and LBBW as lead managers.
Policy & regulationGuidance & interpretationGreen taxonomy
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2025-04-26•Vietnam•State Bank of Vietnam
At a workshop on "unlocking green credit flows," the State Bank of Vietnam emphasized green credit and ESG implementation as vital to Vietnam's green transition, highlighting progress and policy gaps. Senior Deputy Governor Dao Minh Tu noted constraints like the lack of a national green classification list and a common ESG framework. The central bank outlined measures including a banking-sector action plan and coordination with the agriculture ministry to support sustainable initiatives, with green credit growth averaging over 22% annually from 2017 to 2024.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-04-26•Egypt•Central Bank of Egypt
Central Bank of Egypt Governor Hassan Abdalla attended the G20 Finance Ministers and Central Bank Governors Meeting in Washington, D.C., emphasizing pressures on emerging markets and advocating for stronger global policy coordination. He identified trade wars, supply chain disruptions, and macroeconomic vulnerabilities in Africa as key challenges, urging the use of the African Continental Free Trade Area and increased private capital to counter trade fragmentation. Abdalla proposed enhancing multilateral development institutions' lending capacity through hybrid capital and Special Drawing Rights rechanneling.
Policy & regulationCooperationEconomic data and developmentsFinancial stability and systemic risk
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2025-04-26•Palestine•Palestine Monetary Authority
The Palestine Monetary Authority reported that Governor Yahya Shunnar met with senior World Bank and IMF officials in Washington, D.C. to enhance cooperation supporting the Palestinian economy. Discussions with World Bank Vice President Ousmane Dione and IMF Director Jihad Azour, attended by Palestinian Finance Minister Omar Al-Bitar, focused on maintaining banking stability and economic development despite challenges from Israeli aggression. The World Bank and IMF reaffirmed their commitment to supporting Palestine's economic and financial needs.
Policy & regulationCooperationDomestic cooperationFinancial stability and systemic risk
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2025-04-25•Nicaragua•Central Bank of Nicaragua
The Central Bank of Nicaragua released the 2024 Macroeconomic Statistics Yearbook, detailing economic and financial statistics from 2006 to 2024. The Yearbook, available digitally, includes updated indicators and aligns with international standards, complementing the historical series on the Bank's website.
Data & statisticsEconomic data and developments
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2025-04-25•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama reported continued balance-sheet growth for the National Banking System and International Banking Center as of March 2025, with liquidity and solvency ratios exceeding regulatory minimums. SBN credit rose 4.7% to USD 64.25bn, driven by commerce and personal consumption, while CBI net loans increased 9.6% to USD 97.647bn. Deposits and net assets grew significantly across both banking sectors despite tighter financial margins and high funding costs.
Data & statisticsCapital adequacyLiquidity riskPrudential risks
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2025-04-25•Colombia•Superintendencia Financiera de Colombia
The Financial Superintendence of Colombia hosted the sixth "Capital Markets in Colombia" session, highlighting progress on the capital markets roadmap and priorities for market strengthening. Key discussions included securities market regulation, liquidity, and SME financing, with plans for an English-language portal for foreign investors. Participants agreed to form five working groups on liquidity, financial advice, innovation, alignment, and promotion.
Policy & regulationReform agendas & prioritiesMarket development
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2025-04-25•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro (CBCG) ranked 12th in the Gender Balance Index 2025 among 185 central banks. Governor Irena Radovic discussed cooperation and future membership in the European System of Central Banks (ESCB) at the IMF/World Bank Spring Meetings, emphasizing alignment with ESCB standards. Radovic also highlighted leadership diversity's role in sustainable development and CBCG's initiatives on financial education and access.
Policy & regulationCooperationDiversity and inclusion
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2025-04-25•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority, in collaboration with FINVEO MN, concluded a demo trading competition for primary school students, marking the first such educational initiative in capital markets for this age group. The competition, part of a broader educational program, included workshops on trading basics and market analysis. The authority plans to continue similar initiatives to enhance financial literacy among young students.
Financial literacy & educationOther
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2025-04-25•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has released draft rules for valuing assets and determining unit prices for open-ended investment funds with a public offering, initiating a public consultation. The draft, adopted under Articles 219 and 209(9) of the Law on Open-ended Investment Funds with Public Offering, outlines the proposed valuation and pricing methodology.
Policy & regulationRules & requirementsOther
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2025-04-25•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced a voluntary public takeover bid by Garden S.à r.l. for Greenyard NV. The press release is available only in French or Dutch.
Other
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2025-04-25•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has approved Oneproperty, Lda as a Real Estate Valuer for Collective Investment Undertakings. Additionally, individual valuers Jeremias Adelino Capundo Alfredo and Paulo Joaquim Gouveia Ramos are registered to act exclusively for Oneproperty. The firm is authorized to conduct valuations of real estate in asset portfolios of collective investment undertakings.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-25•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission approved CINE4U – Prestação de Serviços, Lda as a corporate real estate valuer for collective investment undertakings. Individual valuers João Salvador Caiaia and Melanie Ariete Fernandes Calembe de Oliveira are registered to act exclusively for CINE4U. The firm is authorized to value properties in asset portfolios of collective investment undertakings.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-25•British Virgin Islands•Ministry of Finance (British Virgin Islands)
The Government of the Virgin Islands published its Terrorist Financing Risk Assessment 2025, identifying a medium-high risk in terrorist fund movement through Virgin Islands entities, especially via virtual asset platforms and business companies. Developed by a cross-agency working group, it recommends enhanced training, improved detection of virtual asset threats, and strengthened data sharing. Findings will guide reforms, including enhancements to the virtual asset regulatory framework and law enforcement coordination.
Policy & regulationOtherAML and CFT
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2025-04-25•British Virgin Islands•Ministry of Finance (British Virgin Islands)
The Virgin Islands Government released a National Strategic Action Plan on anti-money laundering, countering terrorism financing, and countering proliferation financing (AML/CFT/CPF) to align with Financial Action Task Force standards. Approved by the National Anti-Money Laundering Coordinating Council, the plan outlines legislative, regulatory, and operational priorities, including enhanced supervision and improved transparency. Implementation will be monitored by the Council through 2026.
Policy & regulationReform agendas & prioritiesAML and CFT
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2025-04-25•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo reported on Governor Ahmet Ismaili's meeting with World Bank Vice President Antonella Bassani during the 2025 IMF and World Bank Spring Meetings, discussing Kosovo’s financial sector developments and SEPA accession progress. They reviewed a new project for an instant payments system with the Bank of Italy and other initiatives, including capitalising the Deposit Insurance Fund and enhancing the Credit Guarantee Fund. Governor Ismaili also participated in a World Bank Constituency meeting, noting Kosovo's transition to contributing to International Development Association funds.
Policy & regulationCooperationCross-border cooperation
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2025-04-25•Kosovo•Central Bank of the Republic of Kosovo
The Central Bank of the Republic of Kosovo's Governor Ahmet Ismaili met with IMF Deputy Managing Director Bo Li to discuss economic and financial-sector developments and reaffirm cooperation. The meeting highlighted Kosovo's financial sector performance, structural reforms, and successful completion of IMF cooperation programmes. Li praised Kosovo's progress on financial stability and emphasized ongoing IMF–central bank collaboration.
Policy & regulationCooperationCross-border cooperation
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2025-04-25•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus has set the reference interest rate at 11.42% under Article 314A of the Criminal Code Law. Exceeding this rate in financial transactions related to loans can result in penalties, including up to five years' imprisonment, a fine of up to EUR 30,000, or both.
Policy & regulationGuidance & interpretationFinancial benchmarks
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2025-04-25•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority released an Insurance Commission opinion addressing potential discrimination between physical and mental conditions in insurance. The opinion, requested by Deputy Prime Minister Pierre-Yves Dermagne, is available in Dutch and French.
Policy & regulationGuidance & interpretationOther
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2025-04-25•Serbia•Ministry of Finance (Serbia)
Serbia's Ministry of Finance announced that the Coordination Body for the Prevention of Money Laundering and Terrorist Financing presented the National Risk Assessment results and adopted a Strategic Operational Work Plan for 2025–2029. The plan focuses on prevention through a new sanctioning regime, enhanced legal measures, and property confiscation following efficient financial investigations. The body includes representatives from various ministries, the National Bank of Serbia, and other institutions.
Policy & regulationReform agendas & prioritiesAML and CFT
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2025-04-25•Mauritius•Mauritius Financial Services Commission
The Mauritius Financial Services Commission reported that Mauritius rose 10 places to rank 64th in the Global Green Finance Index 15, scoring 531 points. In the Middle East and Africa, Mauritius ranked fifth, surpassing Doha, Bahrain, and Kigali. The improvement is attributed to sustainable finance guidelines, enhanced climate risk disclosure frameworks, and public-private collaboration in sustainable finance.
Data & statisticsClimate risk and sustainable finance
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2025-04-25•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority attended the 41st Form Six graduation at Jangwani Girls Secondary School, promoting insurance awareness and collaboration. TIRA pledged support for the school's needs, including furniture, health insurance for students with disabilities, and dining hall construction assistance. The authority emphasized its strategy to extend insurance education to youth through seminars and meetings.
Financial literacy & educationFinancial literacy and education
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2025-04-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved a revised draft decision outlining the procedure for forming a list of assets subject to asset blocking sanctions. This step aims to restore access to funds and resume settlements. The draft, refined after public consultation, will be submitted to the Security Service of Ukraine for approval and state registration.
Policy & regulationRules & requirementsSanctions list update
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2025-04-25•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market approved inspection procedures for capital and commodity markets under martial law and revised the client sanctions list procedure. It registered share issues for JSC “ZNVCIF DAIMYO” and JSC “ZNVCIF DELFI”, and corporate bonds for NovaPay Credit LLC, while cancelling registrations for PIF “Inzhur Hotel” LLC. Additional actions included board member approvals, rule amendments, licence termination for Ukrainian Energy Exchange LLC, and an auditor appointment at Univer-Capital LLC.
SupervisionAuthorisations & approvalsSupervision process and methodologies
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2025-04-25•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group (EFRAG) submitted a work plan to the European Commission to advise on revising the European Sustainability Reporting Standards (ESRS). The plan aims to simplify reporting while maintaining practicality and effectiveness, drawing on experiences from companies that applied the ESRS in 2024. It includes a detailed operational action plan and a public consultation on Exposure Drafts scheduled for late July to early September.
Policy & regulationImplementation, projects & pilotsAccounting and financial reporting
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2025-04-25•Ireland•Central Bank of Ireland
The Central Bank of Ireland's annual Financial Conditions of Credit Unions Report notes sector growth, with total assets up 3% to EUR 21.5bn and gross loans rising 12% to EUR 7.1bn. It highlights increased house lending and improved returns, with average reserves steady at 16.6% of assets. The Central Bank also announced a review of the lending framework, proposing changes to concentration limits and underwriting conditions to boost house and business lending.
Data & statisticsCredit riskPrudential risks
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2025-04-25•Georgia•National Bank of Georgia
At the 2025 IMF and World Bank Spring Meetings, National Bank of Georgia Governor Natia Turnava and Finance Minister Lasha Khutsishvili discussed cooperation with IMF Deputy Managing Director Bo Li. The Georgian delegation highlighted economic measures for fiscal sustainability and price stability. Bo Li reaffirmed the IMF's support for Georgia, including technical assistance and reform advancement.
Policy & regulationCooperationCross-border cooperation
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2025-04-25•Georgia•National Bank of Georgia
Vice Governor Nino Jeladze of the National Bank of Georgia attended the Ninth High-Level Forum of Central Banks in Riyadh, focusing on governance and digital transformation. Supported by the IMF Regional Office for Saudi Arabia, the forum emphasized robust risk management amid global financial uncertainty. Jeladze stressed the need for enhanced institutional dialogue and international cooperation to maintain economic stability.
Policy & regulationCooperationCorporate governance
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2025-04-25•Georgia•National Bank of Georgia
The National Bank of Georgia and the Saudi Central Bank discussed enhancing bilateral cooperation, potentially through a memorandum of understanding for information and expertise sharing. The cooperation would focus on supervisory reforms, payment systems, financial technologies, and monetary policy. Vice Governor Nino Jeladze highlighted Georgia’s macroeconomic indicators and investment opportunities during the meeting.
Policy & regulationCooperationCross-border cooperation
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2025-04-25•Georgia•National Bank of Georgia
The National Bank of Georgia released interactive statistical press releases detailing trends in resident commercial banks' loan portfolios and deposits as of March 2025. These are accessible in the statistics section of its website.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-25•China•Central Bank of the Republic of China
At the G20 Finance Ministers and Central Bank Governors meeting, People's Bank of China Governor Pan Gongsheng emphasized China's commitment to accommodative monetary policy and urged stronger international policy coordination for global stability. Participants noted the global economy's recovery but highlighted rising risks from trade tensions and tighter financing conditions. The meeting supported enhancing the international financial architecture and multilateral development banks' financing capacity.
Monetary policyMonetary policy assessments & outlooks
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2025-04-25•United States•National Credit Union Administration
The National Credit Union Administration Board will hold an open meeting on May 22 to discuss the National Credit Union Share Insurance Fund’s Q1 2025 performance and the agency’s Voluntary Separation Programs. The meeting will be available via livestream and related documents will be posted online.
Policy & regulationImplementation, projects & pilotsOrganizational structure
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2025-04-25•Ireland•Department of Finance (Ireland)
Ireland's Department of Finance initiated a public consultation for a new Action Plan for Insurance Reform for 2025-2029, building on the 2020 plan that stabilized the market and improved competition. The consultation seeks to address remaining regulatory challenges, with responses potentially published under the Freedom of Information Act 2014.
Policy & regulationReform agendas & prioritiesOther
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2025-04-25•Indonesia•Bank Indonesia
Bank Indonesia's latest Business Survey reports stable business activity in Q1 2025, with a positive weighted net balance of 7.63%, led by Financial Services and Agriculture. Production capacity utilisation increased to 73.25%, supported by Agriculture, Forestry and Fishing. Respondents anticipate a rise in business activity in Q2 2025, with a projected WNB of 15.35%, driven by favourable conditions in Agriculture.
Data & statisticsEconomic data and developments
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2025-04-25•Norway•Department of Finance (Norway)
Norway's Ministry of Finance released the 2025 Financial Markets Report, affirming the financial system's solidity but noting increased risk due to economic developments and global market uncertainties. Key domestic vulnerabilities include high household debt and banks' exposure to commercial real estate. The government emphasizes aligning Norwegian financial regulations with EU standards and enhancing banking competition.
Policy & regulationReform agendas & prioritiesFinancial stability and systemic riskMarket development
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2025-04-25•Europe•European Banking Authority
The European Banking Authority has issued draft Regulatory Technical Standards requiring crypto-asset service providers (CASPs) to appoint a central contact point for AML/CFT compliance when operating cross-border within the EU. The standards outline the conditions for this requirement and the roles of the contact point, updating the framework under Directive (EU) 2015/849 and Regulation (EU) 2023/1113. The draft standards are open for consultation.
Policy & regulationRules & requirementsAML and CFT
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2025-04-25•Europe•European Banking Authority
The European Banking Authority has launched an ESG dashboard to monitor ESG risks and provide access to climate risk indicators for the EU and EEA banking sector, based on banks’ Pillar 3 ESG disclosures. The dashboard reveals significant exposure to high climate-contributing sectors and varying physical risk levels, with taxonomy alignment metrics like a Green Asset Ratio averaging below 3%. Developed under Article 29(f) of the EBA founding regulation, the framework will evolve with updates to disclosure templates.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-04-25•Norway•Department of Finance (Norway)
Norway's Department of Finance has tasked the Financial Supervisory Authority with drafting legislation to implement parts of EU Directive 2021/2167 on credit servicers and purchasers. The Ministry of Justice and Public Security will concurrently develop proposals for the remaining elements, aiming for full directive implementation. The directive requires changes in financial undertaking, financial contracts, and debt collection legislation.
Policy & regulationRules & requirements
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2025-04-25•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Financial Sector Supervisory Commission and the Directorate for Consumer Protection issued a warning about fraudulent credit offers on social media. Scammers are using fake profiles and misusing the identities of banks to promote no-constraint loans to steal money. The public is advised to contact the CSSF if in doubt.
SupervisionAlertsFraud and scams
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2025-04-25•Lithuania•Bank of Lithuania
The Bank of Lithuania's 2024 Banking Activity Review reports rapid credit portfolio growth and a shift in the largest banks by assets, with Revolut Holdings Europe UAB surpassing Swedbank, AB. The review emphasizes the need to combat financial fraud, enhance cyber resilience, and monitor loan quality. The sector saw a 15.4% increase in the loan portfolio to EUR 31.7 billion, with a non-performing loan ratio of 0.90% and a capital adequacy ratio of 21.39%.
SupervisionRisk monitoring & watch pointsLendingAsset quality
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2025-04-25•Hong Kong•Hong Kong Insurance Authority
The Hong Kong Insurance Authority released provisional 2024 market statistics, reporting total gross premiums of HKD 637.8 billion, with significant growth in long-term new business. Long-term new office premiums excluding Retirement Scheme business rose 21.4% to HKD 219.8 billion, driven by Non-Linked individual business. In general insurance, gross premiums were HKD 100.5 billion, with an operating profit of HKD 8.1 billion, though comparisons with pre-July 2024 figures are discouraged due to the new Risk-based Capital regime.
Data & statisticsFinancial and market indicators
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2025-04-25•Sweden•Riksbank
The Executive Board of Sweden's Riksbank appointed Anne-Catherine Worth as the new Director of Communications, effective 11 August 2025. Worth previously held communications leadership roles at the Swedish Post and Telecom Authority and the Swedish Medical Products Agency.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-25•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission (SFC) has obtained an arrest warrant for Mr. Liu Shaolin on charges of false trading in Pak Wing Group Holdings Limited shares. The SFC alleges Liu engaged in "marking-the-close" activities in 2018, profiting illicitly by HKD 2.9 million. Civil proceedings seek to restore affected counterparties, with an interim injunction on Liu's assets discharged after he paid HKD 3,158,400 into court.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-04-25•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission announced that the Eastern Magistrates’ Court has adjourned the insider dealing case against Wong Pak Ming to 5 June 2025. Wong is charged with insider dealing in shares of Transmit Entertainment Limited while serving as chairman and controlling shareholder. Bail conditions include a cash bail of HKD 200,000 and notifying authorities before leaving Hong Kong.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-04-25•Austria•Austrian National Bank (OeNB)
The Austrian National Bank (OeNB) hosted a discussion on the digital euro as a public good to enhance financial inclusion and complement cash. Governor Robert Holzmann emphasized the central bank's role in ensuring access to public money, noting cash's prevalence in Austria and the digital euro's potential for digital transactions. A report by the Austrian Forum on the Digital Euro highlights barriers and proposes measures for inclusive design and user-centred features.
Policy & regulationImplementation, projects & pilotsCBDCFinancial inclusion
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2025-04-25•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 appointed Medeu Edil Akhmetqaluly as head of the executive body and a member of the management body in the securities market, as per Protocol No. 238/RCB.
Institutional developmentLeadership change & appointmentsLicence approval
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2025-04-25•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 has drafted a resolution to amend financial market regulations, focusing on consumer protection. Key proposals include stricter creditworthiness assessments, criteria for high-risk borrowers, and enhanced bank procedures for debt restructuring and consumer rights protection. The draft is accessible on the Open NPA portal and the Agency's website.
Policy & regulationRules & requirementsCredit riskPrudential risks
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2025-04-25•Philippines•Department of Finance (Philippines)
The Philippines Department of Finance urged international financial institutions at the G-24 Meeting to enhance support for emerging markets through financing, technical assistance, and policy dialogue. Undersecretary Joven Balbosa emphasized pressures from economic shocks, climate change, and geopolitical tensions. The World Bank introduced a new Project Preparation Facility, and the IMF highlighted its vulnerability review work, with G-24 members endorsing a Communiqué on innovative financial instruments and multilateral cooperation.
Policy & regulationCooperationCross-border cooperation
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2025-04-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a public alert regarding a fraudulent website and internet banking login screen linked to Chong Hing Bank Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Customers who interacted with the fraudulent site should contact Chong Hing Bank and report to the Police.
SupervisionAlertsFraud and scams
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2025-04-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding phishing emails reported by Tai Sang Bank Limited. The HKMA emphasized that banks will not request sensitive information or transactions via SMS or email with embedded hyperlinks. Customers affected by the phishing emails are advised to contact Tai Sang Bank Limited and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-04-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority published its Annual Report 2024, detailing monetary and banking trends, major events, and work priorities for 2025. The accompanying Sustainability Report outlines strategies for integrating sustainability into Hong Kong's financial system, focusing on climate resilience and ecosystem enhancement.
OtherClimate risk and sustainable finance
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2025-04-25•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert regarding a fraudulent website and internet banking login screen linked to Shanghai Commercial Bank Limited. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information through these channels. Individuals who interacted with the fraudulent site are advised to contact the bank and report to the Hong Kong Police.
SupervisionAlertsFraud and scams
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2025-04-25•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has revoked ISTEM Sigorta Aracılık Hizmetleri Ltd. Şti.’s eligibility certificate. This action was taken under Articles 1 and 32 of Insurance Law No. 5684 and Article 24 of the Insurance Agencies Regulation, as per Board decision No. 1082.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2025-04-25•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City released its April Services Survey, indicating a modest rise in Tenth District services activity with positive future expectations. Contacts anticipate steady or increased activity, though many have lowered demand outlooks and noted higher uncertainty. The survey includes new seasonal adjustment factors, affecting historical indexes, which will be applied throughout 2025.
Data & statisticsEconomic data and developments
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2025-04-25•Thailand•Thailand Office of Insurance Commission
Thailand’s Office of Insurance Commission met with representatives from the Embassy of Japan and the Financial Services Agency of Japan to discuss insurance-sector supervisory approaches and regulatory cooperation. Key topics included disaster risk management, health insurance product trends, Japanese insurers' operations in Thailand, and the implementation of International Financial Reporting Standard 17 (IFRS 17).
SupervisionCooperationCross-border cooperation
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2025-04-25•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities, with the Dubai Financial Services Authority, held a dialogue in Dubai to explore how Arab securities regulators can support financial services innovation and integrate new technologies, focusing on FinTech, digital assets, AI, and cybersecurity. The event aligned with UASA’s Strategic Plan 2021–2025 and included discussions on technical assistance, knowledge-sharing, and presentations on the DFSA Innovation Testing Licence and Cyber Threat Intelligence Platform.
Policy & regulationCooperationFintech and insurtechCyber resilience
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2025-04-25•Europe•European Central Bank
The European Central Bank's blog evaluates euro area banks' adaptation to the Eurosystem's revised framework, noting effective anchoring of short-term money market rates around the deposit facility rate. Excess liquidity has decreased by over EUR 2 trillion, with banks increasingly meeting liquidity needs through market sources. The post anticipates rising demand for standard refinancing operations as reserves decline, emphasizing the importance of money market functionality and bank readiness for Eurosystem operations.
Monetary policyMonetary policy assessments & outlooksLiquidity risk
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2025-04-25•Europe•European Central Bank
European Central Bank President Christine Lagarde, at the IMF Spring Meetings, highlighted trade tensions' impact on investment and inflation, confirming a 25 basis point ECB interest rate cut. She reported euro area GDP growth of 0.9% in 2024, with moderate growth in early 2025 amid financial market tensions. Lagarde emphasized the need for macroprudential measures, Basel framework implementation, and strengthening non-bank resilience, while noting limited current crypto-asset risks and advocating for a digital euro legislative framework.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-04-25•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reported on the country's participation in a consultative meeting during the IMF and World Bank Group Spring Meetings, focusing on economic stability, monetary policy, and growth amid geopolitical risks. First Deputy Prime Minister Hokimkholiqzoda H.H. emphasized the importance of IMF and World Bank support for socio-economic development and infrastructure projects. Discussions also covered digitalisation, green economy, and sustainable financial instruments.
Policy & regulationCooperationOther
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2025-04-25•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan reported on a meeting chaired by Presidential Assistant Zarif Alizoda. The interagency commission approved Tajikistan’s second national AML/CFT/CPF risk assessment report and a first report on risks related to legal persons and arrangements, agreeing to develop an interagency action plan for the 2026 mutual evaluation. Discussions included information-sharing improvements and strengthened FATF requirements for the upcoming assessment cycle.
Policy & regulationCooperationAML and CFTSupervision process and methodologies
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2025-04-25•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan, with the Association of Financial Institutions and the National Association of Women Entrepreneurs “Kadbanu”, held an awards ceremony recognizing successful women in banking and entrepreneurship. The central bank highlighted a 28.7% increase in loans to women, totaling over TJS 6.2bn as of March 2025. Women now represent nearly 41% of the banking system, with lending to women reaching TJS 24.8bn over the past five years.
Other
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2025-04-25•Europe•European Central Bank
The European Central Bank's weekly financial statement reports a EUR 609 million increase in total assets and liabilities, reaching EUR 6,329,947 million. Key movements include a EUR 26,601 million rise in the deposit facility and a EUR 9,088 million decrease in securities held for monetary policy purposes. Total monetary policy operation liabilities to euro area credit institutions increased by EUR 8,428 million.
Data & statisticsBalance of payments and other external statistics
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2025-04-25•Liechtenstein•Liechtenstein Financial Market Authority
The Liechtenstein Financial Market Authority updated "List A – Increased geographical risks" for due diligence under the Due Diligence Act, incorporating the Financial Action Task Force's February 2025 list and the 2024 Transparency International Corruption Perceptions Index. Chile and Malaysia were removed, while Qatar, Monaco, and Saudi Arabia were added. The European Commission has not updated its list of "states with strategic deficiencies," with no changes expected before the end of 2025.
Policy & regulationRules & requirementsSanctions list update