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2025-04-17•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan released its monthly overview of renminbi (RMB) business conducted by banks, detailing activities across domestic and offshore banking units. As of March 31, 2025, RMB deposits totaled RMB 110.98 billion, with RMB discounts and loans at RMB 18.48 billion. February remittances increased to RMB 182.22 billion, and the Taipei Branch of the Bank of China processed RMB 471 billion in settlements in March.
Data & statisticsFinancial and market indicators
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2025-04-17•Taiwan•Taiwan Financial Services Commission
Taiwan's Financial Supervisory Commission reported an increase in domestic banks' lending to SMEs, with outstanding loans reaching TWD 10,369 billion at the end of February 2025. SME loans comprised 64.19% of total enterprise loans and 67.96% of private enterprise loans, both up by 0.1 percentage points from January. The average non-performing loan ratio decreased to 0.23%, as the Commission continues to encourage banks to expand SME lending with risk controls.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-17•United States•U.S. Department of the Treasury
The U.S. Treasury’s Office of Foreign Assets Control has designated the International Bank of Yemen and three senior officials under Executive Order 13224 for supporting the Houthis. This action blocks their property and interests in the U.S. and prohibits U.S.-nexus transactions involving them. OFAC highlighted the bank's role in sanctions evasion and warned of potential secondary sanctions for transactions with the designated individuals.
EnforcementSanctions & designationsNew sanctions designations
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2025-04-17•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad and Tobago's research paper finds that climate variables significantly impact inflation dynamics, enhancing inflation forecasting accuracy. Using data from 1991 to 2022, the study shows that temperature, precipitation, and natural disasters affect inflation and output. A scenario analysis projects significant climate-related events and inflation increases in Trinidad and Tobago from 2023 to 2025.
ResearchClimate risk and sustainable finance
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2025-04-17•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad and Tobago released a paper analyzing digital money's impact, including CBDCs, on the domestic monetary system. It identifies retail CBDCs as most disruptive, with benefits for interest-rate transmission but risks to financial stability. The paper highlights risks of currency substitution and capital outflows from stablecoins and non-CBDC cryptocurrencies, recommending enhanced cybersecurity, further CBDC research, and international policy coordination.
ResearchCBDC
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2025-04-17•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad and Tobago released a paper on using "climate-conditioned" catastrophe models to assess insurers' exposure to acute physical climate risks. It critiques traditional models for understating future loss severity and suggests incorporating climate scenarios for better risk management. It highlights data limitations and calls for enhanced collaboration to address domestic data gaps and improve climate risk modelling.
ResearchClimate risk and sustainable finance
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2025-04-16•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgaria Financial Supervision Commission issued decisions across capital markets, asset management, and insurance, including approving TK-Hold AD’s IPO prospectus and a draft ordinance for insurer management systems. The FSC authorized a new mutual fund, expanded an insurer’s license to cover guarantees business, and made board and executive appointments. Additional actions involved amendments to articles of association, agent registrations, and requests for more information from Elana Fund Management AD.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-04-16•Mexico•Mexico Comision Nacional Bancaria y de Valores (CNBV)
Mexico's National Banking and Securities Commission (CNBV) approved the annual evaluation of local systemic importance for multiple banking institutions, designating those deemed systemically important. These institutions must adhere to additional capital conservation buffers beyond the 10.5% minimum capitalisation requirement and the Total Loss Absorbing Capacity (TLAC) capital supplement.
Policy & regulationImplementation, projects & pilotsFinancial stability and systemic risk
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2025-04-16•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic reported on Governor Héctor Valdez Albizu’s meeting with the National Council of Private Enterprise, highlighting easing domestic interest rates and macroprudential measures. Average lending rates decreased significantly, supported by DOP 200 billion in central bank bill redemptions and DOP 35.355 billion in reserve requirement releases. The Monetary Board's package aims to strengthen financial intermediaries' positions, limiting foreign-currency lending to non-earners and mandating fair value presentation in financial statements from January 2026.
Monetary policyMonetary policy instruments & operationsEconomic data and developmentsFinancial stability and systemic risk
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2025-04-16•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved the public offer by Saudi Economic and Development Securities Company for the SEDCO Capital US Equities Feeder Fund. The authority emphasized that investors should thoroughly review the fund's terms and conditions, which detail its investment strategy and risk factors, and clarified that its approval is not a subscription recommendation but a confirmation of compliance with legal requirements.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-04-16•British Virgin Islands•Ministry of Finance (British Virgin Islands)
The British Virgin Islands Ministry of Finance released its first National Risk Assessment of Legal Persons and Arrangements, as required by revised FATF Recommendations 24 and 25. It identifies a "Medium High" residual risk of money laundering misuse, particularly in BVI Business Companies, trusts, and limited partnerships, due to global financial services and complex cross-border structures. The findings will guide future policy reforms, enforcement priorities, and international cooperation efforts.
ResearchAML and CFT
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2025-04-16•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) issued Information Sheet 293 on obtaining written authorisation as eligible applicants under the Corporations Act 2001. This allows court applications for public examinations of companies in external administration. The guidance covers eligibility, application procedures, documentation, submission details, fees, and notification processes, applicable under sections 596A, 596B, and 597 of the Act.
Policy & regulationGuidance & interpretationLicensing framework and process
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2025-04-16•Greece•Bank of Greece
The Bank of Greece's Q2 2025 assessment maintains the countercyclical capital buffer (CCyB) rate at 0.25%, effective from 1 October 2025, citing low cyclical systemic risks. Despite some emerging risks in credit growth and real estate, the overall credit growth is not deemed excessive. The CCyB framework is designed to activate early in the cycle when risks are standard.
Policy & regulationRules & requirementsFinancial stability and systemic riskMacroprudential policy and tools
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2025-04-16•Greece•Bank of Greece
Bank of Greece reports a central government cash surplus of EUR 1,465 million for January to March 2025, contrasting with a EUR 359 million deficit in the same period of 2024. This shift is attributed to an increase in ordinary budget revenue to EUR 16,852 million, while expenditure rose to EUR 15,478 million.
Data & statisticsFinancial and market indicators
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2025-04-16•United States•Federal Reserve Board
The Federal Reserve Board's research found limited evidence that the global systemically important bank (GSIB) surcharge requirement led banks to reduce systemic risk. International banks near surcharge thresholds showed slower growth in intra-financial system liabilities and certain securities holdings. US GSIBs under method 2 also exhibited slower growth in trading securities and short-term wholesale funding.
ResearchFinancial stability and systemic risk
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2025-04-16•New Zealand•Reserve Bank of New Zealand
New Zealand’s Minister of Finance has published the Reserve Bank of New Zealand’s Five Year Funding Agreement, setting core operating expenditure at NZD 750 million for 1 July 2025 to 31 June 2030, with some spending excluded. RBNZ’s Board Chair, Neil Quigley, stated the Bank will use the funding to redesign operations and optimize resources while fulfilling its mandate.
Institutional developmentGovernanceMandate change
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2025-04-16•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority reached a settlement with B4SURE, mandating a EUR 10,000 payment and the publication of the firm's name on the FSMA website.
EnforcementInvestigations & enforcement actionsOther
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2025-04-16•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) will launch a new digital portal for Australian financial services (AFS) licensing on 5 May 2025, allowing firms to apply for, vary, and cancel AFS licenses through a redesigned system. The portal aims to streamline the process by pre-filling known information and tailoring questions, with updated Regulatory Guides 1–3 reflecting its design and functionality. Current licensing processes remain unchanged until the launch.
Policy & regulationImplementation, projects & pilotsLicensing framework and process
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2025-04-16•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) reported a Federal Court ruling against Green County Pty Ltd and Max Funding Pty Ltd for unlicensed credit activity and breaching consumer protection provisions in the Credit Code. The firms failed to verify loan purposes, improperly relying on a "Business Purpose Declaration," misclassifying consumer loans as business loans, depriving consumers of protections. ASIC's case against Green County director Ivy Tang Gy Ng was dismissed, and the Court will decide on further actions.
EnforcementInvestigations & enforcement actionsLendingUnlicensed or unauthorized activity
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2025-04-16•Kenya•Central Bank of Kenya
The Central Bank of Kenya will lift the moratorium on licensing new commercial banks from 1 July 2025, ending a pause since November 2015. New banks must meet an enhanced minimum core capital requirement of KES 10 billion. The decision follows improvements in governance, risk management, and sector consolidation, supported by the Business Laws (Amendment) Act, 2024.
Policy & regulationRules & requirementsLicence approval
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2025-04-16•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE appointed Faiza Al Awadhi as CEO and Managing Director of Sanadak, the Ombudsman Unit, marking a first in the Middle East and North Africa. Al Awadhi brings over 25 years of experience in public and private sectors, having led the Market Conduct and Financial Consumer Protection Department. This appointment supports Sanadak’s mission in resolving banking and insurance disputes and aligns with the Central Bank's consumer protection and financial inclusion strategy.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-16•Europe•Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL)
The Council of Europe’s Committee of Experts on the Evaluation of Anti-Money Laundering Measures (MONEYVAL) conducted a face-to-face meeting in Strasbourg with Latvian authorities as part of its sixth round of mutual evaluations. Latvia is the first country to be assessed under this new evaluation round. The meeting was the final opportunity to discuss the draft Mutual Evaluation Report before MONEYVAL’s 69th plenary meeting in June 2025.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2025-04-16•Peru•Central Bank of Peru
The Central Bank of Peru reported a 4.8% year-on-year increase in total formal employment in February, adding 270,000 jobs compared to February 2024. Private sector formal employment rose 6.5%, with significant job additions in agriculture, services, and commerce.
Data & statisticsEconomic data and developments
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2025-04-16•Morocco•Moroccan Insurance Authority (ACAPS)
The Moroccan Insurance Authority (ACAPS) and the Moroccan Insurance Federation (FMA) have signed a charter to integrate gender considerations into insurance product development and marketing. The initiative aims to improve women's access to tailored insurance coverage by utilizing gender-disaggregated data and conducting awareness campaigns. A monitoring committee will oversee progress and recommend actions to ensure products meet women's needs.
Policy & regulationCooperationDiversity and inclusion
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2025-04-16•Morocco•Moroccan Insurance Authority (ACAPS)
The Moroccan Insurance Authority (ACAPS) participated in the 11th Rendez-vous de Casablanca de l'Assurance, where its Secretary General emphasized the impact of artificial intelligence on insurance. ACAPS outlined its strategy for supporting digital transformation through regulatory adaptation, innovation promotion, and supervisory measures focused on ethics, transparency, and data protection.
Policy & regulationReform agendas & prioritiesArtificial intelligence
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2025-04-16•Ecuador•Superintendencia de Bancos de Ecuador
Ecuador's Superintendency of Banks has mandated the forced liquidation of Banco Amibank S.A., triggering deposit insurance payments up to USD 32,000 for depositors. COSEDE's General Management appointed Cooperativa de Ahorro y Crédito JEP and Cooperativa de Ahorro y Crédito 29 de Octubre as paying agents, with specific provinces assigned to each. Payments will follow a schedule based on the depositor's national ID number, with documentation requirements for different depositor categories.
SupervisionInterventionsRecovery and resolution
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2025-04-16•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) reported on a Karachi meeting discussing Motor Third-Party Liability (MTPL) insurance implementation in Sindh. SECP’s Commissioner Insurance stressed comprehensive and transparent implementation with licensed insurers to enhance road user protection and responsible driving. Sindh’s Minister for Excise, Taxation, and Narcotics Control pledged government support, with SECP and the Excise Department facilitating the MTPL rollout.
Policy & regulationCooperationOther
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2025-04-16•Georgia•National Bank of Georgia
The National Bank of Georgia announced amendments to the Law on Microfinance Organizations, increasing the microcredit limit to GEL 200,000 from GEL 100,000. The amendments also empower the central bank to establish additional microcredit requirements to mitigate sector risks. These changes aim to enhance access to finance for small and medium-sized enterprises.
Policy & regulationRules & requirementsSME financing
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2025-04-16•Georgia•National Bank of Georgia
National Bank of Georgia Governor Natia Turnava met with Tamás Vojnits, an EBRD Board Director, to discuss ongoing cooperation and the EBRD's support for Georgia's financial sector. The meeting emphasized the EBRD's role in developing Georgia's financial and capital markets and strengthening its central bank.
Policy & regulationCooperationCross-border cooperation
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2025-04-16•Italy•Bank of Italy
The Bank of Italy released an updated compilation of national and European banking and financial customer protection rules. This includes rights and obligations in payment services and a framework for out-of-court dispute resolution, organized by topic for stakeholder usability.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2025-04-16•Italy•Bank of Italy
The Bank of Italy released Quaderni di Storia Economica No. 54, analyzing the impact of Napoleonic administrative reforms on urban development in the Italian Mezzogiorno. The study found that cities designated as district capitals experienced higher population growth and industrialization compared to non-capital cities, attributed to enhanced public goods provision and transport network accessibility.
ResearchOther
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2025-04-16•China•Central Bank of the Republic of China
People's Bank of China Governor Pan Gongsheng and Goldman Sachs Group President John Waldron discussed the global economic and financial situation and China's macroeconomic policies.
Monetary policyOtherCross-border cooperation
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2025-04-16•Italy•Bank of Italy
The Bank of Italy's Economic History Working Papers No. 54 analyzes the impact of the 1806 Napoleonic administrative reforms in the Kingdom of Naples on city-level development. The study finds that cities designated as district capitals experienced greater population growth and industrialization from 1828 to 1911 compared to non-capital cities, due to enhanced public goods provision and improved transport networks.
ResearchOther
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2025-04-16•Europe•European Banking Authority
The European Banking Authority released an updated list of indicators for risk assessment and analysis, along with a methodological guide for their calculation, based on the EBA reporting framework version 4.0. The update includes new risk indicators from the Banking Package (CRR3 and CRD6) and those related to Environmental, Social, and Governance factors. This aims to aid consistent interpretation of bank figures without increasing burdens.
Policy & regulationGuidance & interpretationRisk analysis and outlookFinancial and market indicators
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2025-04-16•Europe•European Banking Authority
The Joint Committee of the European Supervisory Authorities, including the European Banking Authority, European Insurance and Occupational Pensions Authority, and European Securities and Markets Authority, released its 2024 Annual Report. It outlines joint work and emerging risk monitoring, highlighting priorities like sustainable finance, digital resilience, and consumer protection. Key deliverables include policy support for the Digital Operational Resilience Act and efforts related to the Sustainable Finance Disclosure Regulation.
Policy & regulationCooperationSupervision process and methodologiesFinancial stability and systemic risk
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2025-04-16•Luxembourg•Luxembourg Commission de Surveillance du Secteur Financier
The Luxembourg Commission de Surveillance du Secteur Financier will require Money Market Fund reporting to be submitted through two specified methods starting 1 September 2025, with no charge. Testing of the new submission approach will be available from 1 July 2025 via the eDesk PREPROD environment.
SupervisionRegulatory reporting
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2025-04-16•North Macedonia•Ministry of Finance (North Macedonia)
North Macedonia’s Ministry of Finance said Minister Gordana Dimitrieska-Kocoska presented a five-year capacity development programme for the IMF’s planned Regional Technical Assistance Centre for South East Europe (SEETAC), which will help the six Western Balkans economies and Moldova align institutions and policies with European standards. The first phase will target fiscal space, revenue collection, public spending efficiency, monetary and financial policies, and statistical and analytical capacity, with support via advisers, experts, trainings and regional initiatives under a USD 70.4 million budget. SEETAC is expected to be operational by January 2027.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-16•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority (FCA) released Consultation Paper CP25/9, proposing changes to the Consumer Composite Investments (CCI) product information regime, focusing on cost disclosures. Key proposals include removing the requirement to disclose implicit transaction costs and aligning MiFID Organisation Regulation-derived cost disclosure rules with CCI disclosures. The FCA plans to issue a single policy statement with final rules in late 2025 for simultaneous enforcement across all firms.
Policy & regulationRules & requirementsConsumer and investor protection
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2025-04-16•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DTE–201 (Subject 52) related to COP 2,000 banknotes.
Policy & regulationGuidance & interpretationCurrency and cash management
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2025-04-16•Belize•Central Bank of Belize
The Central Bank of Belize announced two "Know Your Money" training sessions on 8 May 2025 to educate the public on recognising security features of redesigned Belizean banknotes. Sessions will be available both in-person at the Central Bank's Lecture Hall in Belize City and virtually.
Financial literacy & educationFinancial literacy and education
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2025-04-16•Slovenia•Slovenia Insurance Supervision Agency
The Slovenia Insurance Supervision Agency published an interview with Professor Matjaž Dolšek on Slovenia's earthquake exposure, highlighting vulnerabilities in homes and public infrastructure. A 2020 study estimated median direct damage at EUR 7.2 billion, with current conditions likely increasing this due to higher construction costs. The interview noted that around 20% of buildings are not earthquake-resistant, and 80% of public buildings, including hospitals and schools, are vulnerable, with many classified as long-term unacceptable from a seismic risk perspective.
SupervisionRisk monitoring & watch pointsOther
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2025-04-16•United States•Federal Reserve Bank of Minneapolis
The Federal Reserve Bank of Minneapolis appointed Kevin Black and Paulette Davidson to its Ninth District Advisory Council, which advises on regional economic conditions. The council includes eight returning members and serves three-year terms.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-16•France•Bank of France
The Bank of France's Payment Terms Observatory meeting highlighted a deterioration in private-sector payment behaviour in 2024, with French companies paying suppliers an average of 13.6 days late. Initiatives to address late payments include an electronic invoicing programme starting in 2026 for large companies. The Observatory will publish an annual report detailing these findings and proposed actions soon.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-04-16•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 completed its risk-based supervision cycle, introducing bank-specific capital add-ons and stress-test buffers. The 2024 Supervisory Review and Evaluation Process (SREP) included an updated methodology, asset quality review (AQR), and stress testing, covering 11 banks representing 85% of sector assets. All banks met the core capital adequacy ratio of 15.0% against a 5.5% minimum, with add-ons and buffers ranging from 0% to 6% based on SREP and AQR outcomes.
SupervisionReviews, inspections & stress testsAsset qualitySupervision process and methodologies
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2025-04-16•Portugal•Portuguese Securities Commission (CMVM)
The Portuguese Securities Commission (CMVM) released the monthly benchmarks for securities investment funds for March 2025.
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-16•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) announced that Zathea-Zoe Quality Services Ltd has waived its authorisation to provide administrative services, leading to the lapse of authorisation number 199/196 as of 20 December 2024. Consequently, CySEC has permanently removed the company from the register of licensed persons.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-16•Global•International Association of Insurance Supervisors
The International Association of Insurance Supervisors (IAIS) released an Application Paper providing guidance on applying Insurance Core Principles to manage climate-related risks in the insurance sector. This paper, replacing the 2021 version, offers practical supervisory guidance without introducing new requirements and covers various aspects including governance, risk management, valuation, and macroprudential supervision.
Policy & regulationGuidance & interpretationClimate risk and sustainable finance
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2025-04-16•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority and Police issued a joint alert about phishing SMS messages falsely claiming to be from the Anti-Deception Coordination Centre (ADCC) and the HKMA. These messages aim to deceive recipients into providing bank account information or money transfers. Authorities emphasized that police will not contact individuals regarding personal financial matters or authorize law firms to recover fraud losses.
SupervisionAlertsFraud and scams
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2025-04-16•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority announced that Utmost Trustee Solutions Limited is no longer licensed following its dissolution after merging with Utmost International Trustee Solutions Limited. The dissolution took effect on 20 February 2025, and Utmost International Trustee Solutions Limited remains licensed.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-16•Isle of Man•Isle of Man Financial Services Authority
The Isle of Man Financial Services Authority updated its warning about a fraudulent operation posing as "Fairbairn Private Bank" and linked websites, including fairbairnprivate.co.uk and fairbairnprivate.com. The Authority confirmed no association with legitimate Isle of Man entities and highlighted the lack of required licensing for the advertised services. Users are cautioned against potential fraud or identity theft and advised to contact local police if involved.
SupervisionAlertsFraud and scams
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2025-04-16•Global•Bank for International Settlements
The Bank for International Settlements published research on climate-related physical risks in Brazil, showing precipitation anomalies reduce municipal GDP growth via supply chain connections. Local dry spells decrease GDP growth by over 1 percentage point, while wet spells have smaller impacts. Agriculture is most sensitive, with manufacturing and services also affected. Climate change-related supply chain spillovers lowered annual municipal growth by 0.4 percentage points on average from 2012 to 2019.
ResearchClimate risk and sustainable finance
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2025-04-16•United States•Federal Reserve Bank of Cleveland
The Federal Reserve Bank of Cleveland released President Hammack’s speech, “Fed 101: Approaching Monetary Policy with Heart, Brains, and Courage,” delivered in Columbus, Ohio.
Monetary policyMonetary policy assessments & outlooksMonetary policy decisions and developments
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2025-04-16•Middle East•Union of Arab Securities Authorities
The Union of Arab Securities Authorities announced the appointment of Emad Tifoni as Chairman of Kuwait’s Capital Markets Authority Board of Commissioners for a four-year term, with Rayyan Al-Zaid as Vice Chairman and Tareq Shihab, Hessa Al-Roumi, and Thamer Al-Nisf as members.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-16•Europe•European Central Bank
The European Central Bank reported a EUR 34 billion current account surplus for the euro area in February 2025, down from EUR 40 billion in January. Over the 12 months to February 2025, the surplus widened to EUR 411 billion, driven by higher surpluses in goods, services, and primary income. Euro area residents' net acquisitions of non-euro area portfolio investment securities totaled EUR 738 billion, while non-residents acquired EUR 800 billion in euro area securities.
Data & statisticsBalance of payments and other external statistics
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2025-04-16•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) released the final report from its "Insurance and Cybersecurity" working group, highlighting discussions on cybersecurity challenges and opportunities in the digital economy. The report emphasizes the need for continuous investment in security measures to address sophisticated cyber attacks and protect assets and customer privacy.
Policy & regulationImplementation, projects & pilotsCyber resilience
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2025-04-16•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP), as chair of the Brazilian Forum for Financial Education, announced the agenda for the 12th National Financial Education Week, focusing on financial education for children and young people. The event, from 12 to 18 May, aims to promote financial, insurance, pension, and tax education through free initiatives across Brazil, adhering to the National Financial Education Strategy guidelines. SUSEP's chairmanship of the forum will continue until June 2026.
Financial literacy & educationFinancial literacy and education
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2025-04-16•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
SUSEP and Brazil’s Ministry of Finance co-organised an online seminar under the BRICS Finance Track on the "Global (Re)Insurance Landscape." The event gathered BRICS authorities, regulators, and market participants to discuss global (re)insurance trends, challenges, and opportunities, focusing on technology, climate change, and regulatory harmonisation. Opening remarks emphasized reinsurance's role in sustainable growth and potential benefits from BRICS cooperation.
Policy & regulationCooperationCross-border cooperationSupervision process and methodologies
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2025-04-16•Bosnia and Herzegovina•Central Bank of Bosnia and Herzegovina
The Central Bank of Bosnia and Herzegovina's 2024 Annual Report, adopted by the House of Representatives, highlights efforts in monetary stability, foreign exchange reserves, and institutional efficiency. Foreign exchange reserves reached BAM 17.6 billion, with monetary gold holdings at 3.5 tonnes, and a currency board coverage ratio of 108.38%. The report details improvements in payment systems, transparency, digital transformation, and financial education.
Monetary policyMonetary policy assessments & outlooksActivity and performance reporting
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2025-04-16•Liberia•Central Bank of Liberia
The Central Bank of Liberia raised its Monetary Policy Rate by 25 basis points to 17.25 percent and kept its corridor and reserve requirements unchanged. The decision followed first quarter inflation rising to 12.8 percent and a depreciation of the Liberian dollar, even as growth remained on track for the year. The bank also said the banking sector stayed capitalized and liquid, though nonperforming loans remained elevated.
Monetary policyPolicy rate decisionsMonetary dataFinancial and market indicators
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2025-04-16•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines and the International Finance Corporation signed a memorandum to develop the Philippines’ movable asset finance market, improving credit access for micro, small, and medium enterprises and the agricultural sector. Running until 2027, it focuses on regulatory reform, sector capacity building, and supporting services development. It complements the Personal Property Security Act and aligns with the National Strategy for Financial Inclusion 2022–2028.
Policy & regulationCooperationSME financing
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2025-04-16•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines hosted its inaugural Iftar at its Manila head office, fostering collaboration among Islamic banking and finance stakeholders. The event emphasized financial inclusion and highlighted milestones such as new Islamic banking licenses, the entry of takaful operators, and the issuance of the country's USD 1 billion maiden sovereign sukuk.
Policy & regulationCooperationMarket development
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2025-04-16•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines supported Borongan City in launching the Paleng-QR Ph Plus program to enhance QR Ph payment usage in markets and public transport. The initiative, led by local officials and the central bank, included demonstrations and assistance in setting up bank or e-wallet accounts. A Piso Caravan was also conducted to exchange old notes for new bills or e-wallet credits.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-04-16•Romania•Romanian Financial Supervisory Authority
The Romanian Financial Supervisory Authority announced an emergency ordinance amending the legal framework for private pensions, aligning with OECD recommendations. Key changes include relaxed investment limits, expanded market access for OECD member states, and simplified access to voluntary pensions by removing the minimum-contribution requirement. The ordinance also strengthens ASF's supervisory capacity and amends several existing laws.
Policy & regulationRules & requirements
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2025-04-16•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission (SSC) announced account details for remitting securities sector fees and charges, directing payments to specific accounts at VietinBank, Vietcombank, State Treasury Region I, or BIDV. The notice references Ministry of Finance Circular 25/2022/TT-BTC and 2025 decisions regarding the SSC's functions and structure.
Policy & regulationGuidance & interpretationLicensing and supervisory fees
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2025-04-16•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation of unauthorized insurance intermediation by three websites and instructed internet service providers in Italy to block access to them. This action brings the total number of blocked websites to 232 since November 2023. IVASS also advised consumers to verify the authorization of insurers and intermediaries before engaging in insurance transactions online.
SupervisionInterventionsUnlicensed or unauthorized activity
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2025-04-16•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) accepted a settlement with José do Egito Fundo de Investimento Multimercado, represented by Banco Santander Brasil S.A., involving a BRL 90,000 payment. This follows an administrative proceeding over alleged trading violations during a prohibited period, potentially breaching Article 14 of CVM Resolution 44. The Federal Prosecutor’s Office found no legal impediment, and the Commitments Committee recommended acceptance after negotiations.
EnforcementInvestigations & enforcement actionsOther
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2025-04-16•Serbia•National Bank of Serbia
The Governor of the National Bank of Serbia, in a speech for OMFIF’s Gender Equality Index 2025 report, highlighted women's leadership predominance in the bank, contrasting with male-dominated global trends. The address advocated for diversity and equal opportunity over gender quotas, noting women constitute over 57% of employees and hold key positions. Additionally, the speech highlighted measures like remote working and flexible hours to support work-family balance, alongside a Risk Management Plan for Gender Equality.
Institutional developmentWorkforce & recruitmentDiversity and inclusion
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2025-04-16•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan has granted Guavapay LLC an indefinite licence to operate as an electronic money institution. This decision, made on 9 April 2025, aligns with Azerbaijan’s Law on Payment Services and Payment Systems.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-16•Guernsey•Guernsey Financial Services Commission
The Guernsey Financial Services Commission recapped its 2025 Industry Conference, emphasizing innovation, simplicity, and ease of use in regulatory interactions. Key discussions included supervisory updates across various financial sectors and the implications of the Bailiwick’s MONEYVAL mutual evaluation report. The event featured a panel with Deputy Lyndon Trott OBE and Director General William Mason.
SupervisionSupervision approach, priorities & toolkitFintech and insurtech
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2025-04-16•Canada•Ontario Securities Commission
The Ontario Securities Commission (OSC) joined Operation Avalanche, led by the British Columbia Securities Commission, to identify compromised Ethereum wallets and warn holders of potential crypto asset fraud. The operation, involving securities regulators, police, crypto platforms, and Chainalysis, focused on "approval phishing" scams. The OSC advised investors to visit its website for guidance on crypto investment fraud and prevention.
SupervisionCooperationFraud and scams
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2025-04-16•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario has introduced temporary measures to assist insurers in managing increased insurance claims due to a recent ice storm. These measures allow Ontario insurers to utilize employees from affiliated insurers and permit licensed adjusting firms to use claims adjusters licensed outside Ontario.
Policy & regulationRules & requirementsOther
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2025-04-16•Poland•Central Bank of Poland
The Central Bank of Poland reported March 2025 core inflation indices, with inflation net of food and energy at 3.6% year on year and headline Consumer Price Index inflation at 4.9%. Other measures showed inflation excluding administered prices at 3.4%, excluding the most volatile prices at 5.0%, and the 15% trimmed mean at 4.6%. These indices help identify inflation drivers and assess price pressure persistence, with the net-of-food-and-energy measure crucial for inflation targeting.
Data & statisticsMonetary data
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2025-04-16•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission advises bondholders of three East Coast Furnitech Public Company Limited bond series to review information and join an electronic meeting on 17 April 2025 about proposed term changes. The issuer seeks approval to extend maturities and adjust interest rates and payment schedules. Bondholders’ representatives must evaluate these changes and provide their analysis and opinions.
Policy & regulationGuidance & interpretationCorporate governance
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2025-04-16•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities & Exchange Commission advised Begistics Public Company Limited’s B255A bondholders to review information and exercise their rights at the upcoming meeting. Key proposals include extending redemption maturity to November 2026, altering principal repayment into three instalments, and increasing the interest rate to 7.50 percent per year. The SEC mandates the bondholders’ representative to assess these changes and provide a detailed opinion.
Policy & regulationGuidance & interpretationCorporate governance
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2025-04-16•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority allowed Al Yamama Insurance Brokerage Company to resume operations from April 16, 2025, after it remedied cited violations and met regulatory requirements.
SupervisionAuthorisations & approvalsCompliance
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2025-04-16•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority has suspended Takaful Emarat from insurance brokerage, effective April 16, 2025, over regulatory violations. The company must continue meeting obligations under existing policies and claims, and the suspension will remain until it rectifies the violations and demonstrates full compliance.
SupervisionAuthorisations & approvalsConsumer and investor protectionCompliance
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2025-04-16•Canada•New Brunswick Financial & Consumer Services Commission
The Financial and Consumer Services Commission of New Brunswick issued a warning that BullWayPro is not registered to deal or advise in securities in the province. BullWayPro operates from Zurich, Switzerland, and is linked to the website https://bullwaypro.com/. Investors are advised to use the National Registration Search tool to verify registration status for protection.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-04-16•Vietnam•State Bank of Vietnam
The State Bank of Vietnam and the International Finance Corporation (IFC) discussed enhancing cooperation and aligning IFC support with Vietnam's banking and capital market priorities. Vietnam, a major recipient of IFC support, receives around USD 600 million annually in long-term investments. The State Bank seeks continued IFC engagement on implementing the new Law on Credit Institutions and sector priorities like digital transformation and green growth.
Policy & regulationCooperationOther
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2025-04-16•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has directed commercial banks to expand their sector credit programme to include agriculture, forestry, and fisheries, aiming for a cumulative lending target of VND 100 trillion. The programme, aligned with government directives, requires participating banks to adhere to existing guidance and report accurate data to the central bank. Other banks are encouraged to join under the same terms.
Policy & regulationImplementation, projects & pilotsSME financing
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2025-04-16•Vietnam•State Bank of Vietnam
The State Bank of Vietnam met with International Bank for Economic Cooperation (IBEC) leaders to discuss IBEC's 2024 performance and 2024–2026 Development Strategy. Discussions focused on reforms to enhance IBEC's effectiveness amid challenging conditions. Deputy Governor Nguyen Ngoc Canh reaffirmed Vietnam's commitment as a reliable IBEC member and emphasized supporting member countries' external economic relations.
Policy & regulationCooperationOther
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2025-04-16•Chile•Central Bank of Chile
The Central Bank of Chile topped the Official Monetary and Financial Institutions Forum's 2025 Gender Balance Index, achieving a perfect score for gender representation in leadership. The index evaluates 335 institutions globally, including 185 central banks, based on gender parity in senior management. The bank's President, Rosanna Costa, participated in the report launch, highlighting a strategic plan to enhance women's participation.
OtherDiversity and inclusion
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2025-04-16•Russia•Central Bank of Russia
The Central Bank of Russia's April Monitoring of Businesses commentary indicates continued expansion in business activity, with the Business Climate Index rising to 4.8 points. Companies reported improved short-term expectations despite a moderate assessment of current conditions and elevated price expectations. The commentary introduces new quarterly data on operational difficulties and anticipated labour cost increases.
Data & statisticsEconomic data and developments
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2025-04-16•Canada•Payments Canada
Payments Canada has released updated Lynx ISO 20022 message specifications and guidelines to aid financial institutions in transitioning from MT to MX messaging by November 2025. The guidelines include a hybrid postal address option developed by Swift’s Payment Market Practice Group, combining structured and unstructured elements. Payments Canada emphasizes that adopting structured address formats can enhance error reduction, automation, and compliance processes.
Policy & regulationGuidance & interpretationPayments and payment systems
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2025-04-16•Chile•Chile Financial Market Commission
The Chile Financial Market Commission (CMF) alerted the public about four entities falsely claiming CMF supervision while offering loans online and requiring advance payments for loans that never materialize. The CMF filed fraud complaints with the Public Prosecutor’s Office against Concreces Online, Créditos Abaqus SpA, Servicio de Crédito Chile, and Islacoop. The CMF advises the public to use its Fraud Alerts Page to verify supervision status and access guidance on protecting financial clients.
SupervisionAlertsFraud and scams
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2025-04-16•United States•Federal Reserve Board
The Federal Reserve Board's FEDS Note analyzes the EU's energy import dependency from 1990 to 2023, attributing increased reliance on imports to declining domestic production. Despite renewable energy growth, import dependency is expected to remain substantial over the next decade. Scenario exercises project import dependency at 52.9 percent with 2.7 percent annual renewable growth and 42.7 percent with 6.3 percent growth, though these are not forecasts.
Research
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2025-04-16•United States•Federal Reserve Board
The Federal Reserve Board approved United Community Banks, Inc.'s merger with ANB Holdings, Inc., including the indirect acquisition of American National Bank. It also sanctioned United Community Bank's merger with American National Bank and the establishment of a branch at the latter's location.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-16•Canada•British Columbia Securities Commission
The British Columbia Securities Commission (BCSC) announced results of Operation Avalanche, identifying compromised Ethereum wallets linked to crypto investment fraud. Conducted with Canadian securities regulators, police, crypto platforms, and Chainalysis, the operation targeted "approval phishing" and contacted 89 victims, with wallets drained of approximately USD 4.3 million. BCSC plans to incorporate proactive victim alerting into ongoing fraud response efforts.
SupervisionAlertsFraud and scams
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2025-04-16•Egypt•Central Bank of Egypt
The Central Bank of Egypt reported that banks contributed nearly EGP 3.9 billion to corporate social responsibility projects in 2024, focusing on healthcare, social welfare, and other priority sectors. Healthcare received the largest share at approximately EGP 2.5 billion, with additional funds allocated to social welfare, informal settlement development, women's empowerment, and education.
Other
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2025-04-16•Egypt•Central Bank of Egypt
The Central Bank of Egypt reported a continued surge in remittances from Egyptians abroad, with January 2025 inflows up 83.2% year-on-year to approximately USD 2.9 billion. This marks an unprecedented level for January, following economic reforms in March 2024. Over the first seven months of FY 2024/2025, remittances increased by 81.0% to around USD 20.0 billion.
Data & statisticsCross-border payments
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2025-04-16•United States•U.S. Securities & Exchange Commission
The U.S. Securities & Exchange Commission (SEC) announced the agenda for its Crypto Task Force roundtable, "Know Your Custodian: Key Considerations for Crypto Custody," on April 25. The event will feature opening remarks from SEC officials and two panels discussing custody through broker-dealers and investment adviser custody, with participants from industry, law firms, and academia.
Policy & regulationOther
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2025-04-16•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission extended the compliance dates for rule amendments requiring more frequent portfolio-related reporting on Form N-PORT by two years. Larger fund groups now have until November 17, 2027, and smaller groups until May 18, 2028. The extension allows the SEC to review the amendments per a Presidential Memorandum and consider further actions, including potential amendments to Form N-PORT.
Policy & regulationRules & requirementsRegulatory reporting
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2025-04-16•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission’s Office of Investor Education and Advocacy launched an anti-fraud campaign to warn investors about relationship investment scams. These scams involve fraudsters building trust through online or text interactions before persuading victims to invest in fake opportunities. The campaign features educational videos, a resource page, an investing quiz, and guidance on recognizing and reporting scams.
Financial literacy & educationFraud and scams
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2025-04-16•Moldova•Ministry of Finance (Moldova)
Moldova's Ministry of Finance, the National Bank of Moldova, and the National Commission for Financial Markets discussed EU accession efforts under Chapter 9 "Financial services" with financial regulators and market participants. The focus was on transposing EU regulatory requirements for bank deposit guarantee schemes, insurance, reinsurance, and investment firms. State Secretary Cristina Ixari urged active industry participation in the legislative process.
Policy & regulationCooperationCross-border cooperation
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2025-04-16•Moldova•Ministry of Finance (Moldova)
Moldova's Ministry of Finance announced the Government's approval of a draft law amending Law No. 62/2008 to liberalise certain foreign exchange operations. The amendments allow transactions in foreign financial instruments without National Bank of Moldova authorisation, including long-term government securities and corporate bonds from EU or OECD countries with a minimum AA/Aa rating. Additionally, currency exchange offices must display currencies in a fixed order, starting with the euro and US dollar.
Policy & regulationRules & requirementsForeign exchange policy and markets
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2025-04-16•China•China Securities Regulatory Commission
China Securities Regulatory Commission Chairman Wu Qing and Korea’s Financial Supervisory Service Governor Lee Bokhyun met in Beijing to discuss China–Korea capital market developments and regulatory dynamics. The meeting focused on improving listed company quality, oversight of market intermediaries, and enhancing bilateral regulatory cooperation.
Policy & regulationCooperationCross-border cooperation
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2025-04-16•United States•Office of the Comptroller of the Currency
Acting Comptroller of the Currency Rodney E. Hood outlined the Office of the Comptroller of the Currency's focus on reducing regulatory burden, promoting financial inclusion, supporting bank–fintech partnerships, and expanding responsible digital asset activities. The strategy aims to modernize the federal banking system while ensuring its safety and integrity.
Policy & regulationReform agendas & prioritiesFintech and insurtechRegulatory burdenFinancial inclusion
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2025-04-16•United States•Office of the Comptroller of the Currency
The Office of the Comptroller of the Currency will merge its Large Bank Supervision and Midsize and Community Bank Supervision into a single Bank Supervision and Examination line, reinstating the Chief National Bank Examiner office and elevating Information Technology and Security under a new senior deputy comptroller. Greg Coleman will lead the new line, with Jay Gallagher heading the reinstated office. Beverly Cole and Grovetta Gardineer will retire in May. These changes will be effective June 2, 2025.
Institutional developmentMandate & organizational structureOrganizational structure
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2025-04-16•Canada•Alberta Securities Commission
The Alberta Securities Commission (ASC) issued a Notice of Hearing against Trust Management Services Inc. (TMSI) and director Jelle Braaksma for allegedly breaching Alberta securities laws by acting as an unregistered dealer and making prohibited statements. TMSI is accused of raising USD 750,000 from investors and guaranteeing repayment without financial capacity, with allegations of misleading guarantees. The ASC acknowledged assistance from the United States Securities and Exchange Commission; allegations remain unproven.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-04-16•United Arab Emirates•Ministry of Economy (UAE)
The UAE Ministry of Economy and the Executive Office for Control and Non-Proliferation launched a Dubai summit on the role of Designated Non-Financial Businesses and Professions in combating financial crime, focusing on updated Financial Action Task Force requirements. The summit addressed customer due diligence, verification procedures, and cooperation between public authorities and the private sector, featuring capacity-building initiatives and signing memoranda of understanding to enhance compliance with international standards.
Policy & regulationCooperationAML and CFT
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2025-04-16•Switzerland•Federal Department of Finance (Switzerland)
Switzerland's Federal Department of Finance announced that President Karin Keller-Sutter and Federal Councillor Guy Parmelin will attend the IMF and World Bank Group Spring Meetings in Washington, focusing on global economic challenges. Switzerland's priorities include advocating for IMF support to poorer countries, moderate financial assistance linked to reforms, and promoting productive jobs through the World Bank Group. At the G20 meeting, Switzerland will push for stronger global financial stability and equitable international taxation rules.
Policy & regulationCooperationFinancial stability and systemic riskMonetary policy decisions and developments