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2025-04-13•Thailand•Thailand Securities & Exchange Commission
Thailand's SEC announced amendments to the Digital Asset Business Law and Cybercrime Law, effective 13 April 2025, to restrict unlicensed foreign digital asset platforms serving Thai residents. The amendments authorize the Ministry of Digital Economy and Society to block non-compliant operators and require digital asset operators to implement cybercrime prevention measures similar to commercial banks. The SEC emphasized coordination with agencies for compliance and warned investors about risks of using unlicensed foreign platforms.
Policy & regulationRules & requirementsLicensing and supervisory feesUnlicensed or unauthorized activity
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2025-04-13•Palestine•Palestine Monetary Authority
The Palestine Monetary Authority (PMA) reported that Governor Yahya Shunnar met with the Nablus Businessmen Forum to discuss enhancing cooperation between the banking and private sectors. Discussions focused on the PMA's role in supporting economic activity, advancing electronic payment services, promoting financial inclusion, and fostering a secure banking environment. The Forum commended the PMA's efforts in maintaining financial stability and facilitating access to financing, while highlighting challenges faced by merchants.
Policy & regulationCooperationDomestic cooperation
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2025-04-13•United Arab Emirates•Dubai International Financial Centre
Dubai International Financial Centre will host the third Dubai FinTech Summit on 12-13 May 2025 at Madinat Jumeirah, Dubai, themed "FinTech for All." The event will feature over 8,000 attendees, 300 speakers, and 1,000 investors, focusing on AI-driven services, blockchain, digital banking, investment trends, and cross-border regulations. The Summit includes an exhibition with 200 exhibitors and the FinTech World Cup for start-ups.
OtherFintech and insurtech
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2025-04-12•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority (TIRA) conducted an outreach session on takaful insurance for students from Morogoro Muslim University, aiming to enhance public insurance education. Takaful, a Sharia-compliant cooperative insurance model, was presented as a solution to concerns about conventional insurance, such as interest (riba).
Financial literacy & educationFinancial literacy and education
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2025-04-12•Croatia•Ministry of Finance (Croatia)
Croatia's Ministry of Finance participated in the informal EU Economic and Financial Affairs Council meeting in Warsaw, focusing on geopolitical challenges, the Savings and Investments Union initiative, and European security and defence financing. Discussions included military support for Ukraine, regulatory barriers to cross-border investment, proposals for expanding the European Defence Agency's role, macroeconomic uncertainties linked to US trade policy, and promoting low-cost savings and investment products.
Policy & regulationCooperationGeopolitical risk
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2025-04-12•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan and the World Bank held a conference on enhancing digital payments and capital access for SMEs in Central Asia, aiming to foster sustainable job creation. Discussions focused on credit access improvements, digital lending, and expanding opportunities for women entrepreneurs. The World Bank introduced the ECA FIN-GROW program, set to launch in 2026, to further these initiatives.
Policy & regulationCooperationFinancial inclusionPayments and payment systems
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2025-04-12•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) is working with the Department of Disaster Prevention and Mitigation to improve accident-prevention measures and insurance support during Songkran 2025. The OIC is involved in the Songkran Road Accident Prevention and Reduction Operations Center and has directed its offices to engage in public outreach and facilitate insurance services nationwide. Additionally, the OIC will provide 24-hour insurance advice and urges travellers to verify their insurance coverage during the holiday.
Policy & regulationCooperationOther
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2025-04-12•Brunei Darussalam•Ministry of Finance (Brunei Darussalam)
Brunei Darussalam’s Ministry of Finance reported Minister Mohd Amin Liew bin Abdullah's participation in the 12th ASEAN Finance Ministers’ and Central Bank Governors’ Meeting in Kuala Lumpur, focusing on regional monetary integration, sustainable finance, and trade policy coordination. Discussions included public-private collaboration amid geo-economic challenges and cooperation on customs, taxation, and infrastructure financing. The meeting endorsed Malaysia’s 2025 ASEAN Chairmanship theme "Inclusivity and Sustainability," emphasizing the need for a sustainable finance framework to mobilize climate finance.
Policy & regulationCooperationCross-border cooperation
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2025-04-12•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission held a conference to assess the KRX information technology system's completion and market participants' readiness. The event included the Vietnam Stock Exchange, Vietnam Securities Depository and Clearing Corporation, Hanoi Stock Exchange, Ho Chi Minh Stock Exchange, and the KRX contractor, with over 200 representatives from securities firms and banks. Participants discussed connectivity and operational readiness, and leadership addressed operational process queries.
Policy & regulationImplementation, projects & pilotsMarket infrastructure
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2025-04-12•Luxembourg•Ministry of Finance (Luxembourg)
Luxembourg's Finance Minister Gilles Roth attended Eurogroup and informal ECOFIN meetings in Warsaw, focusing on euro area economic developments and policy coordination. Discussions included exchange rate and inflation trends, European financial market competitiveness, and financing common European defence. Swiss President Karin Keller-Sutter and Norway’s Finance Minister Jens Stoltenberg also participated.
Policy & regulationCooperationEconomic data and developmentsMonetary policy decisions and developments
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2025-04-11•Europe•European Securities and Markets Authority
The European Securities and Markets Authority has updated its Q&As on the European Crowdfunding Service Providers for Business Regulation and the Markets in Crypto-Assets Regulation. The updates clarify disclosure obligations for bulletin boards and project owner assessments under ECSPR, and address interactions between registered alternative investment fund managers and MiCA, including guidance on autotrading.
Policy & regulationGuidance & interpretationCrowdfundingDisclosures
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2025-04-11•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority has initiated a public consultation on draft Guidance Notes to aid Bermuda commercial insurers in meeting recovery planning requirements. These notes offer practical guidance on the standards set by the Insurance (Prudential Standards) (Recovery Plan) Rules 2024. A final version will be issued post-consultation.
Policy & regulationGuidance & interpretationRecovery and resolution
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2025-04-11•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority (BMA) issued Guidance Notes for insurers' recovery planning under the Insurance (Prudential Standards) (Recovery Plan) Rules 2024, detailing structure, governance, testing, and integration into risk management. Recovery Plans are mandatory for insurers deemed economically important or systemically significant, with criteria including domestic business and asset thresholds. Plans must include governance, diverse recovery options, scenario analysis, and a communication strategy, with updates required every three years or after significant changes.
Policy & regulationGuidance & interpretationRecovery and resolution
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2025-04-11•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority partnered with FINVEO MN to conduct investing workshops for 8th and 9th grade students, introducing them to financial markets through demo trading. Held on 9 and 10 April 2025, the sessions were delivered in English for the first time. The authority plans to continue supporting educational initiatives.
Financial literacy & educationFinancial literacy and education
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2025-04-11•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has approved the registration of BIR TOWERS, a closed-end real estate investment fund promoted by Eaglestone Capital. The fund will focus on acquiring and developing properties for commercial activities, leasing assets, and reselling properties.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-11•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission approved the registration of KIMU INVEST, a closed-end real estate investment fund for private subscription. The fund, promoted by Independent Finance Advisors, will invest in real estate for various uses, surface rights, other real estate funds, and companies with significant real estate assets.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-11•India•Reserve Bank of India
The Reserve Bank of India updated Lead Bank responsibilities in Rajasthan after the state reorganised districts, merging nine into 12 existing ones. RBI revoked lead bank roles for the nine former districts and reviewed allocations for affected areas, while maintaining unchanged responsibilities for other districts. Key changes include modified allocations for Jaipur and Jodhpur, with specific banks retaining or adjusting their roles in the reorganised districts.
Policy & regulationRules & requirementsOrganizational structure
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2025-04-11•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission (CNMV) warns of frauds via WhatsApp, where scammers pose as financial experts to lure victims into investing in small-cap shares and fraudulent platforms. These schemes promise extraordinary short-term gains and often involve impersonating well-known individuals or entities. The CNMV advises verifying identities, avoiding promises of quick profits, and using authorised advisers and official registers to prevent such scams.
SupervisionAlertsFraud and scams
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2025-04-11•Africa•Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)
The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) concluded its 49th Task Force of Senior Officials Meetings by adopting Eritrea’s Mutual Evaluation Report, updating procedures for the third round of mutual evaluations, and approving follow-up reports for re-rating requests from Angola, Madagascar, Mozambique, and Namibia. These updates align with recent Financial Action Task Force (FATF) changes and will be submitted to the ESAAMLG Council of Ministers for approval.
Policy & regulationRules & requirementsAML and CFT
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2025-04-11•Venezuela•Ministry of Economy & Finance (Venezuela)
Venezuela's Ministry of Economy & Finance released a list of 46 applicants for the Central Bank of Venezuela's Board, following a public call by the Merits and Credentials Evaluation Committee. The committee, established by Decree No. 5,114, will assess the candidates' compliance with legal appointment criteria.
Institutional developmentLeadership change & appointmentsLicensing framework and process
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2025-04-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) has taken Federal Court action against Hollard Insurance for allegedly breaching the duty of utmost good faith under the Insurance Contracts Act. The case concerns a 2021 storm damage claim in Victoria, with ASIC accusing Hollard of delaying repairs and rejecting the claim based on non-expert opinion. ASIC seeks declarations and a civil penalty, citing rising insurance complaints and its review of insurers' responses to past findings.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2025-04-11•Denmark•Danish Finanstilsynet
The Danish Financial Supervisory Authority (Finanstilsynet) found that disclosures by pension companies and asset managers on active ownership are often insufficient for investor understanding. The review highlighted deficiencies in policies and expects clearer disclosures on monitoring investee companies and significant voting explanations. Finanstilsynet issued a good practice report with key observations and supervisory expectations.
SupervisionReviews, inspections & stress testsESGDisclosures
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2025-04-11•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) issued a scam alert about websites impersonating ASIC Connect to steal sensitive information. These sites mimic the genuine service and may link to real ASIC pages. ASIC advises verifying URLs before entering information and reporting suspected scams. Legitimate ASIC domains include asic.gov.au, connectonline.asic.gov.au, and asicconnect.asic.gov.au. Users suspecting fraud should stop payments, contact their bank, and report incidents to ASIC and Scamwatch.
SupervisionAlertsFraud and scams
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2025-04-11•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market adopted decisions on rulemaking and authorizations, including amendments to share issuance and registration for joint stock companies. It terminated ORANGE ASSET MANAGEMENT COMPANY LLC's capital markets license and approved share issuances for JSC 'KZKIF SILVER INVESTMENT' and PJSC 'TERNOPIL DAIRY PLANT'. It also registered a corporate bond issuance report for LLC 'FC European Debt Recovery Agency' and approved a director appointment for RIF-NR LLC.
Policy & regulationRules & requirementsLicence withdrawal
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2025-04-11•Netherlands•De Nederlandsche Bank
In his final Eurofi speech, De Nederlandsche Bank Governor Klaas Knot emphasized the need for robust prudential policies and strong bank buffers to maintain resilience amid uncertainty. He advocated for full implementation of Basel III standards in Europe and warned against deregulation that could lower buffers. Knot also supported measures to integrate European financial markets, develop a digital euro, and strengthen multilateral institutions.
Policy & regulationGuidance & interpretationFinancial stability and systemic risk
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2025-04-11•Netherlands•Dutch Authority for the Financial Markets
Dutch Authority for the Financial Markets chair Laura van Geest stresses the need for investors and asset managers to justify their choices, especially in sustainability and passive investing. The column contrasts engagement and exclusion strategies, noting limited real-world impact from engagement and exclusion's effectiveness when alternative financing is scarce. Both strategies affect diversification and returns, while passive investing challenges price discovery and investor choice.
Financial literacy & educationESG
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2025-04-11•Latvia•Central Bank of Latvia
The Central Bank of Latvia announced that SIA xpate, a Latvia-licensed electronic money institution, is the first non-bank payment service provider to directly participate in its Electronic Clearing System (EKS). This marks the first instance in the euro area of a central bank enabling such direct participation. The initiative aligns with the European Central Bank's decision on non-bank access to payment systems and is supported by legislative amendments approved by Saeima.
Policy & regulationRules & requirementsPayments and payment systems
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2025-04-11•Andorra•Andorran Financial Authority
The IMF's 2025 Article IV Consultation report on Andorra highlights macroeconomic stability and a robust banking sector. It commends the Andorran Financial Authority's macroprudential buffers but advises continued supervisory vigilance due to banks' systemic importance and international expansion. The report notes potential challenges and opportunities from a possible Association Agreement with the EU, emphasizing the need to enhance anti-money laundering and counter-terrorism financing frameworks.
ResearchFinancial stability and systemic riskSupervision process and methodologies
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2025-04-11•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan (SECP) warned about fraudulent activities involving the Barwaqt App, previously operated by Seedcred Financial Services Limited. SECP noted individuals falsely offer to alter SFSL-reported loan default records for payment, despite SFSL being non-operational and the app delisted in August 2024. The public is reminded that only authorised credit bureau members can report loan data under the Credit Bureau Act, 2015.
SupervisionAlertsFraud and scams
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2025-04-11•North Macedonia•National Bank of the Republic of North Macedonia
Governor Anita Angelovska-Bezhoska of the National Bank of the Republic of North Macedonia emphasized the link between trade openness and increased female labor participation, warning that deglobalization could reduce global output and disproportionately affect women. She cited World Bank data showing higher female employment in exporting and foreign-owned firms and advocated for reforms to eliminate barriers and promote gender equality. Her remarks also touched on her career and the potential impact of US tariffs on North Macedonia's economy and foreign direct investment.
Policy & regulationReform agendas & prioritiesDiversity and inclusion
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2025-04-11•China•Central Bank of the Republic of China
The People's Bank of China reported Deputy Governor Xuan Changneng's participation in the ASEAN+3 Finance and Central Bank Deputies’ Meeting, where agreements were made to enhance regional policy coordination and financial safety nets. Legal arrangements for contributions in Chinese yuan under the Chiang Mai Initiative Multilateralisation were approved. Xuan emphasized China's commitment to a moderately accommodative monetary policy amid global uncertainty.
Policy & regulationCooperation
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2025-04-11•China•Central Bank of the Republic of China
The People's Bank of China, with national agencies, issued guidance to enhance financial services for the sports industry, focusing on infrastructure financing, sports consumption, and digital renminbi use. Measures include support for sports infrastructure, goods manufacturing, and professional clubs, alongside promoting bond markets and equity financing. Implementation will involve cross-agency coordination and credit information sharing to address bottlenecks.
Policy & regulationGuidance & interpretationOther
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2025-04-11•Congo•Ministry of Finance & Economy (Congo)
The Republic of the Congo Ministry of Finance reported on the 21st session of the Steering Committee of the Economic and Financial Reform Program of the Economic and Monetary Community of Central Africa (CEMAC-PREF). The session reviewed a revised draft matrix to implement decisions from the December 2024 CEMAC Summit, adding measures to support fiscal policy, monetary policy, and structural reforms. The update highlighted BEAC's GDP growth estimates and inflation forecasts, noting ongoing risks like weak growth and state over-indebtedness.
Policy & regulationReform agendas & priorities
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2025-04-11•Latvia•Ministry of Finance (Latvia)
Latvia's Finance Minister Arvils Ašeradens will attend the Eurogroup and ECOFIN meetings in Warsaw on 11-12 April. Discussions will focus on economic developments, European financial market competitiveness, defence financing, including the European Commission’s White Paper on defence and the ReArm Europe plan. The meetings will also address transatlantic trade relations and US trade policy, with exchanges on the Savings and Investments Union's role in supporting investment.
Policy & regulationCooperationGeopolitical risk
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2025-04-11•Bermuda•Ministry of Finance (Bermuda)
Bermuda's Ministry of Finance reported Premier David Burt’s participation at the Eurofi Conference in Warsaw, focusing on Bermuda’s insurance regulatory regime. The Bermuda delegation, including the Bermuda Monetary Authority, engaged with international counterparts, receiving commendations for their regulatory contributions and anti-money laundering efforts. Meetings with Polish and European officials highlighted interest in Bermuda's regulatory experience.
Policy & regulationCooperationCross-border cooperation
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2025-04-11•Bermuda•Bermuda Monetary Authority
The Bermuda Monetary Authority released a stakeholder letter and draft Guidance Note on recovery planning requirements for Bermuda commercial insurers. This aims to provide further guidance under the Insurance (Prudential Standards) (Recovery Plan) Rules 2024.
Policy & regulationGuidance & interpretationRecovery and resolution
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2025-04-11•Lithuania•Bank of Lithuania
The Bank of Lithuania reported a sharp decline in the current account balance surplus to EUR 2.9 million in February 2025, from EUR 70.2 million in January, mainly due to a significant rise in the foreign trade deficit. The deficit reached EUR 638.7 million as goods exports fell by 9.5% and imports rose by 1.5%, while the services surplus grew by 48.3% to EUR 727.4 million. In the financial account, net investment flows were negative at EUR 257.2 million, with negative other and direct investments partially offset by positive portfolio investment flows.
Data & statisticsBalance of payments and other external statistics
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2025-04-11•Germany•BaFin
Germany's Federal Financial Supervisory Authority (BaFin) issued a notice to the insurance sector about consumer complaints regarding delays in benefit claim processing. BaFin expects claims to be processed within one month, except for complex cases, and warns that persistent delays due to staffing or claim volume issues are unacceptable. Insurers must ensure prompt payments post-investigation, with BaFin able to take remedial action for supervisory deficiencies.
SupervisionInterventionsComplaints and dispute resolution
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2025-04-11•Portugal•Bank of Portugal
The Bank of Portugal's updated 2024 financial accounts show the Portuguese economy as a net lender at 3.3% of GDP, the highest since 1995. Households and the financial sector had net lending positions of 4.7% and 1.6% of GDP, respectively, while non-financial corporations were net borrowers at 3.7% of GDP. The financial sector's net lending was driven by significant investments in non-resident government debt securities, with resident banks increasing such investments by EUR 18.6 billion.
Data & statisticsBalance of payments and other external statistics
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2025-04-11•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DG-GI-393, focusing on instruments for information management.
Policy & regulationGuidance & interpretationOther
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2025-04-11•United States•Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau (CFPB) announced it will not prioritize enforcement against entities missing future registration deadlines under its Registry of Nonbank Covered Persons rule. Instead, the CFPB will focus on pressing consumer threats. The Bureau is also considering a notice of proposed rulemaking to rescind or narrow the regulation.
SupervisionSupervision approach, priorities & toolkitConsumer and investor protection
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2025-04-11•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Shaykhy Zhandos Alkenovich as a board member of JSC Otbasy Bank Housing Construction Savings Bank and Yu Don Jin as deputy chair of the management board, focusing on administrative and economic matters.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2025-04-11•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 approved Botashev Anzor Edigovich as head of the executive body and member of the management body in the securities market. This decision was formalized under protocol No. 234/RCB.
Institutional developmentLeadership change & appointmentsLicence approval
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2025-04-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced the dissolution and liquidation of EVELISIA REAL ESTATE AIFLNP V.C.I.C. LIMITED following a shareholders' decision. The fund, licensed under number LPAIF30/2014, entered voluntary liquidation under Article 132(1)(e) of the Alternative Investment Funds Law of 2018, with notification to CySEC as per Article 63(8).
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) has been notified by Argus Management Ltd of the initiation of dissolution and liquidation procedures for FENELI RAIF V.C.I.C. LTD, a Registered Alternative Investment Fund. The fund will remain in the RAIFs Registry with a notice of "under liquidation" until the process is complete. Upon completion and submission of required documents, CySEC will remove the fund from the RAIFs Register.
SupervisionAuthorisations & approvalsOther
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2025-04-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) announced that BAO Capital Partners Ltd has initiated the dissolution and liquidation of EUROPEAN FIFC FUND II RAIF L.P., a Registered Alternative Investment Fund. The fund will remain listed in CySEC’s RAIFs Registry as "under liquidation" until the process is completed and all necessary documents are submitted.
SupervisionOther
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2025-04-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission announced the dissolution and liquidation of the investment compartment A - EEA & CIS PHARMA VENTURES of Develo Venture AIF V.C.I.C. Plc following total unit redemption. The dissolution was notified by the external manager, Byron Capital Partners Ltd, under the Alternative Investment Funds Law of 2018.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-11•Cyprus•Cyprus Securities and Exchange Commission
The Cyprus Securities and Exchange Commission (CySEC) announced that THE ALTERNATIVE GMI LTD has initiated the dissolution and liquidation of THE ALTERNATIVE PUBLIC EQUITY OPPORTUNITIES RAIF V.C.I.C. PLC. The fund will remain in the RAIFs Registry with an "under liquidation" notice until the process is completed and documentation is submitted. CySEC will then remove the fund from the register.
SupervisionInterventionsLicence withdrawal
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2025-04-11•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued a warning about fraudulent websites and internet banking login screens associated with Shanghai Commercial Bank Limited. The HKMA emphasized that banks will not send SMS or emails with embedded links for transactions or request sensitive information through phone, email, or SMS. Customers affected by these fraudulent sites should contact the bank and report to the Police.
SupervisionAlertsFraud and scams
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2025-04-11•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority issued a public alert about fraudulent websites and internet banking login screens linked to The Bank of East Asia, Limited. The HKMA emphasized that banks do not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Customers who have shared personal information or conducted transactions on these fraudulent platforms should contact the bank and report to the Police.
SupervisionAlertsFraud and scams
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2025-04-11•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) issued an alert following reports from Chong Hing Bank Limited about fraudulent websites and internet banking login screens. The HKMA reminded the public that banks will not request sensitive information or direct customers to websites via SMS or email hyperlinks. Affected individuals are advised to contact Chong Hing Bank and report to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2025-04-11•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City's first-quarter Tenth District Energy Survey noted a slight increase in regional energy activity with expectations for continued expansion. Drilling and business activity grew modestly, driven by stronger oil and gas prices, although revenues and profits declined. The survey includes diffusion indexes on drilling, capital spending, and employment, with firms projecting future oil and gas prices.
Data & statisticsEconomic data and developments
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2025-04-11•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission (OIC) is working with the Bangkok Metropolitan Administration and police to expedite insurance payouts for victims of an earthquake-related building collapse. The OIC is coordinating with local authorities to verify identities and insurance entitlements through the Insurance Bureau System, ensuring prompt claims processing. Relatives can request insurance checks via a 24-hour hotline.
SupervisionInterventionsOther
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2025-04-11•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission has updated the methodology for calculating premium reserves for short-term insurance contracts, requiring insurers to assess the higher of Unearned Premium Reserve (UPR) and Unexpired Risk Reserve (URR) for each underwriting class. This change aims to better reflect risk by business type, reduce insufficient reserves, and enhance transparency and supervisory monitoring. These changes have been approved in principle following stakeholder consultation.
Policy & regulationRules & requirementsPrudential risksAccounting and financial reporting
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2025-04-11•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported a 33.6% decrease in complaints in Colima for 2024, with 3,105 complaints, and 561 in early 2025. Credit cards, special credit reports, and debit cards were the most complained-about products, with unrecognised transactions and credit history issues as leading causes. The multiple banking sector accounted for 52.8% of complaints, with 46.6% resolved in favor of users in 2024.
Data & statisticsComplaints and dispute resolution
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2025-04-11•Middle East•Arab Monetary Fund
The Arab Monetary Fund's 2024 Annual Report, approved by its Board of Governors, outlines new strategic directions, updates to its organisational structure, and details financial and technical activities, including USD 1.033 billion in trade financing and 75 training programs with over 2,336 participants. The report also highlights the Buna regional payments platform's role in connecting Arab banking systems with global partners.
Institutional developmentMandate & organizational structureOther
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2025-04-11•Europe•European Central Bank
The European Central Bank's weekly consolidated financial statement reported total assets and liabilities of EUR 6,329,821 million, a decrease of EUR 8,353 million from the previous week. Key changes included a reduction in securities held for monetary policy purposes by EUR 15,690 million and a decrease in liabilities to euro area credit institutions by EUR 12,008 million. Banknotes in circulation increased by EUR 2,719 million.
Data & statisticsBalance of payments and other external statistics
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2025-04-11•Tajikistan•National Bank of the Republic of Tajikistan
Gulbahor Naziri, deputy chair of the National Bank of Tajikistan, met with Timur Ishmetov, Chair of Uzbekistan's Central Bank, to enhance banking cooperation. Discussions included implementing regulatory agreements, supervising payment services, expanding correspondent banking, financial inclusion strategies, national payment card systems cooperation, and experience-sharing initiatives.
Policy & regulationCooperationCross-border cooperation
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2025-04-11•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) announced a phased rulemaking programme in 2025 to implement two new laws impacting the insurance market. Superintendent Alessandro Octaviani emphasized Law 15.040/2024 for legal certainty and Complementary Law 213/2025 for market competition. The programme includes internal discussions, stakeholder meetings, and public consultations, focusing on consumer protection and new entrant supervision.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-11•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) participated in a meeting with Brazil’s Ministry of Finance and insurance market representatives in São Paulo. Discussions focused on green bonds, carbon credits, rural insurance, and social catastrophe insurance.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-04-11•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP) released its Working Group's final report on a National Policy for Access to Insurance, recommending enhancements to regulatory frameworks and expanded insurance access in Brazil. The report identifies market growth barriers and proposes strategies to increase accessibility for individuals and businesses. SUSEP emphasized this policy will remain a supervisory priority and will continue to accept feedback.
Policy & regulationReform agendas & prioritiesOther
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2025-04-11•Germany•BaFin
Germany's Federal Financial Supervisory Authority said insurers should generally conclude consumer claims within one month of notification in average cases where the policyholder has fully cooperated. It said staff shortages or high claims volumes do not justify persistent delays, although more complex cases may take longer. BaFin can take supervisory action where delays amount to deficiencies.
SupervisionInterventionsComplaints and dispute resolution
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2025-04-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has issued a circular to authorized agent banks and related entities, advising that BSRD No. A001129-DS, linked to ICAP Management Services Limited's foreign direct investment, is lost and should not be honored for foreign exchange transactions. This directive is in accordance with Section 38 of the Manual of Regulations on Foreign Exchange Transactions.
Policy & regulationGuidance & interpretationLicence withdrawal
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2025-04-11•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines has amended foreign exchange regulations, tightening controls on peso FX derivatives and streamlining documentation via expanded electronic submission. Authorized agent banks can only transact FX derivatives for hedging eligible exposures, with notional amounts capped by the underlying exposure. The framework includes updated reporting requirements, documentary standards, and settlement rules, with specific provisions for peso settlement and tenor limits.
Policy & regulationRules & requirementsForeign exchange policy and markets
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2025-04-11•Brazil•Brazilian Pension Funds Authority (PREVIC)
The Brazilian Pension Funds Authority (PREVIC) joined an international mission in London on financial services regulation and sustainable finance, organized by the British Consulate in Brazil. Discussions focused on regulation's role in promoting sustainability and ecological transition ahead of COP 30. PREVIC's Director-Superintendent Ricardo Pena engaged in bilateral meetings to explore partnerships and shared insights on pension sector models.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-04-11•Aruba•Central Bank of Aruba
The Central Bank of Aruba's Ease of Lending Survey for 2024 Q4 shows a decline in bank credit sentiment, with the unweighted credit conditions index dropping to 101.7 from 102.2. Individual lending sentiment turned pessimistic, while business loan conditions remained stable. Despite lower new consumer credit and housing mortgage values, banks anticipate improved credit conditions in 2025 Q1, with the future conditions index rising to 102.4.
Data & statisticsLending
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2025-04-11•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority has filed a criminal charge against former financial adviser Prem Gounder for dishonestly using a document under section 228 of the Crimes Act 1961, alleging he submitted a false gifting certificate for a home loan application. The investigation into Mr. Gounder’s conduct and associated persons is ongoing.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-04-11•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission seeks comments on draft rules for Crypto-Asset Service Providers, proposing a licensing, conduct, and disclosure framework. The rules treat crypto-assets as financial products, requiring SEC licenses and authorizations, and mandate disclosure documents for public offerings. They include marketing restrictions, joint liability for providers and marketers, AMLA compliance, and outline SEC enforcement powers.
Policy & regulationRules & requirementsLicensing framework and process
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2025-04-11•Germany•German Bundesbank
The German Bundesbank reported a current account surplus of EUR 20.0bn for February 2025, an increase of EUR 5.0bn from January, driven by a stronger goods trade balance. The goods trade surplus widened to EUR 19.4bn, notably due to higher exports to the United States. Net capital exports declined to EUR 6.3bn, with significant portfolio investment net outflows and increased Bundesbank TARGET claims.
Data & statisticsBalance of payments and other external statistics
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2025-04-11•Estonia•Central Bank of Estonia
The Central Bank of Estonia released its monthly flash estimate of the balance of payments for the previous month, with the quarterly balance of payments set for publication on 11 June 2025. The monthly estimate is based on limited data and subject to revision upon quarterly release, which uses comprehensive primary data sources. Statistical releases are distinct from economic policy announcements.
Data & statisticsBalance of payments and other external statistics
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2025-04-11•Serbia•National Bank of Serbia
The National Bank of Serbia reported a decline in gross foreign exchange reserves to EUR 28,527.4 million and net reserves to EUR 24,026.6 million by the end of March. The dinar remained stable against the euro in March but weakened by 0.2% year to date. Interbank FX market turnover in March was EUR 670.2 million, with the NBS selling EUR 210 million net.
Data & statisticsBalance of payments and other external statistics
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2025-04-11•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan conducted a training session for media representatives on the macroprudential policy framework and countercyclical capital buffer. The session covered the principles of macroprudential policy, systemic risks, and objectives, along with details on the new countercyclical capital buffer requirement for banks.
Financial literacy & education
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2025-04-11•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission announced that the ASEAN Capital Markets Forum has issued Version 1 of simplified guidance for ASEAN small and medium-sized enterprises involved in supply chains.
Policy & regulationGuidance & interpretationSME financing
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2025-04-11•Albania•Albania Financial Services Authority
The Albania Financial Services Authority Board approved an amendment to Sigal Uniqa Group Austria sh.a.'s statute to reflect a change in its shareholding structure. The Board also authorized the influential participation of the company's new shareholder.
SupervisionAuthorisations & approvalsLicence approval
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2025-04-11•Poland•Ministry of Finance (Poland)
Poland's Ministry of Finance summarized the first day of the informal ECOFIN meeting in Warsaw, where EU finance ministers and central bank governors discussed competitiveness and geopolitical risks, focusing on US tariff policy changes. The meeting addressed maintaining a common EU response through trade defence and diplomacy, and improving financial markets' competitiveness by integrating capital markets. Valdis Dombrovskis noted the EU would suspend its first package of countermeasures to allow negotiations, while keeping options open if talks fail.
Policy & regulationCooperationGeopolitical risk
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2025-04-11•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro has applied to the European Payments Council to join the Single Euro Payments Area (SEPA) payment schemes, aiming to enhance Montenegro's cross-border payment efficiency. This follows Montenegro's inclusion in the SEPA geographical area in November 2024. The bank anticipates that SEPA integration will facilitate faster, cheaper, and safer international payments from 6 October 2025.
Policy & regulationImplementation, projects & pilotsPayments and payment systems
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2025-04-11•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario submitted its Total Cost Reporting Rule to the Ontario Minister of Finance for approval. The rule mandates insurers provide enhanced annual statements on total costs and investment performance for segregated fund contracts, aligning with securities sector standards. Two exceptions were added to mitigate implementation costs, requiring insurers to meet specific conditions and submit attestations to FSRA.
Policy & regulationRules & requirementsDisclosures
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2025-04-11•Poland•Central Bank of Poland
The Central Bank of Poland reported a current account deficit of PLN 0.9bn in February 2025, contrasting with a PLN 7.1bn surplus in February 2024. The services account remained in surplus at PLN 14.5bn, but deficits in goods trade, primary income, and secondary income offset this. Notably, goods trade saw a deficit of PLN 3.8bn, with significant export declines in the automotive sector.
Data & statisticsBalance of payments and other external statistics
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2025-04-11•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission approved amendments to the Stock Exchange of Thailand's trading regulations to enhance oversight by tightening short selling rules. The changes exclude Non-SET100 Index securities from short selling and mandate compliance with the Uptick Rule, requiring short selling prices to be above the latest trading price. These regulations will be effective from 16 April 2025, with ongoing monitoring by the SEC and SET.
Policy & regulationRules & requirementsTrading
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2025-04-11•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission (SEC) filed a criminal complaint against Mr. Boon Vanasin for allegedly making false statements about Thonburi Healthcare Group Public Company Limited (THG) shares. The SEC's investigation revealed inconsistencies in Mr. Vanasin's claims regarding the pledging of THG shares, potentially impacting securities prices and investment decisions. The case has been reported to the Anti-Money Laundering Office as it involves unfair securities trading, a predicate offence under the Anti-Money Laundering Act.
EnforcementInvestigations & enforcement actionsFraud and scams
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2025-04-11•United Kingdom•HM Treasury
HM Treasury has reappointed Nikhil Rathi as CEO of the Financial Conduct Authority (FCA) for a second five-year term. The Chancellor emphasizes the FCA's role in supporting government growth while maintaining consumer protection and market integrity, focusing on international competitiveness and reducing regulatory burdens. Rathi highlights the FCA's commitment to growth, smarter regulation, and targeted reforms, alongside ongoing priorities in consumer outcomes and market integrity.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-11•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Democrats on the U.S. Senate Committee on Banking, Housing, and Urban Affairs launched a Substack newsletter to explain financial issues and promote economic fairness policies. The inaugural post by Ranking Member Elizabeth Warren warns that the Trump Administration's emergency powers and tariff agenda could destabilize the economy. The newsletter serves as a platform for committee members and experts to discuss economic policy priorities.
Financial literacy & educationOther
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2025-04-11•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Democratic leaders on the U.S. Senate Banking Committee urged the National Association of Attorneys General to investigate potential insider trading or market manipulation by President Trump and others related to recent tariff policy changes. They cite market fluctuations following tariff announcements and Trump's social media posts, suggesting possible state law violations on fraud and corruption. The senators call for prosecution of any proven misconduct under state law.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-04-11•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senators Elizabeth Warren and Raphael Warnock queried Federal Reserve Chair Jerome Powell on safeguarding the integrity of economic data for policy decisions. They expressed concerns over Trump Administration actions that may compromise data independence and reliability, including dismantling advisory committees. The letter seeks clarification on the Federal Reserve's data vetting protocols and the impact of these changes on its dual mandate.
OtherEconomic data and developments
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2025-04-11•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senate Banking Committee members, led by Elizabeth Warren, urged the SEC to investigate potential securities law violations by President Trump and insiders related to tariff announcements. The inquiry focuses on possible insider trading and market manipulation, including trading ahead of a tariff pause announcement. Concerns were also raised about how SEC budget cuts might impact its enforcement capabilities.
EnforcementInvestigations & enforcement actionsMarket abuse
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2025-04-11•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs announced the Credit Access and Inclusion Act by Chairman Tim Scott. The bill aims to expand credit access for consumers with limited credit histories by allowing property owners and utility providers to report payment data to credit agencies. This measure targets "credit invisible" consumers, potentially generating credit scores for about 26 million Americans without traditional credit records.
Policy & regulationRules & requirementsCredit risk
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2025-04-11•Saudi Arabia•Saudi Arabia Insurance Authority
The Saudi Arabia Insurance Authority published first-quarter 2025 complaint rates per 10,000 insured individuals for health and vehicle insurance. Policyholders and beneficiaries may escalate complaints if an insurer does not resolve them or respond within five business days after all requirements are met.
Data & statisticsComplaints and dispute resolutionConsumer and investor protection
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2025-04-11•Europe•European Payments Council
The European Payments Council has initiated a call for participation in the first phase of the pilot for its EPC Directory Service, aimed at enhancing cross-border interoperability for the API-based Verification Of Payee scheme. The pilot, starting in May 2025, will prepare participants for the scheme's official launch on 5 October 2025. Selected participants will receive feedback and a briefing prior to the pilot's commencement.
Policy & regulationImplementation, projects & pilotsCross-border paymentsPayments and payment systems
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2025-04-11•Vietnam•State Bank of Vietnam
The State Bank of Vietnam attended the 12th ASEAN Finance Ministers and Central Bank Governors Meeting in Kuala Lumpur, reaffirming commitments to financial stability and regional integration. Discussions covered financial services liberalization, banking integration, and sustainable finance, with Malaysia prioritizing improved access to finance and enhanced payment connectivity. A dialogue with global financial institutions highlighted risks from US tariffs and economic volatility, emphasizing regional cooperation and domestic reforms.
Policy & regulationCooperationCross-border cooperation
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2025-04-11•Vietnam•State Bank of Vietnam
The State Bank of Vietnam convened a conference to implement the 2025 programme on thrift and waste combat, setting measurable savings targets and enhancing oversight through audits. Priorities include reducing non-essential spending, tightening budget management, and embedding thrift practices in audits and inspections. The SBV reported significant 2024 actions, such as excluding non-urgent projects from plans and achieving high public investment disbursement.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-11•Vietnam•State Bank of Vietnam
The State Bank of Vietnam, in collaboration with Banking Times and FPT Group, has announced a nationwide financial education programme for school students as part of the National Financial Inclusion Strategy. The "Smart Finance" initiative aims to enhance personal finance skills for students in grades 1 to 12, targeting 5 million students initially and expanding to 22 million across ASEAN. Banking Times also plans to introduce an AI tool on financial inclusion within two months.
Financial literacy & educationFinancial literacy and education
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2025-04-11•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) met with Deutsche Bank AG to discuss macroeconomic conditions, policy priorities, and cooperation on financial-sector initiatives, including a crypto-asset market pilot and an international financial centre model. SBV emphasized that virtual currencies are not recognized as lawful payment in Vietnam and highlighted ongoing legislative efforts on digital and crypto assets. SBV is committed to implementing a Financial Action Task Force action plan on anti-money laundering, while Deutsche Bank will contribute expertise on international financial centre models.
Policy & regulationCooperationCross-border cooperation
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2025-04-11•Russia•Central Bank of Russia
The Central Bank of Russia has revoked the depository licence of IK Title Broker LLC due to non-compliance with special economic measures under Executive Order No. 138. The licence is void from 11 April 2025, and the firm must cease depository activities, ensuring client asset returns by 11 August 2025.
SupervisionAuthorisations & approvalsMarket abuse
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2025-04-11•Russia•Central Bank of Russia
The Central Bank of Russia released an update on the 2024 domestic credit rating agency market, emphasizing enhanced transparency and usability of rating information. The update includes a comparison table of national rating scales and a repository of all rating activities by Russian CRAs.
Policy & regulationImplementation, projects & pilotsCredit ratings
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2025-04-11•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets (CNPF) approved several capital-market authorizations, including a voluntary takeover offer by Realchimie & CC and new equity and debt issuances. The CNPF also addressed consumer protection issues, finding EuroCreditBank in breach of pre-contractual transparency requirements and ordering Intact Asigurări Generale to regularize a motor insurance claim. Additionally, securities of liquidated issuers were deregistered.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-04-11•United States•U.S. Securities & Exchange Commission
SEC Commissioner Hester M. Peirce discussed crypto market regulatory challenges at a roundtable, highlighting "pairs trading" and jurisdictional coordination. Peirce noted SEC rules don't prohibit trading securities against crypto assets, but existing regulations may not fully address non-traditional quoting and settlement. She suggested using exemptive authority for limited market testing to guide future rulemaking.
Policy & regulationReform agendas & prioritiesTrading
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2025-04-11•United States•U.S. Securities & Exchange Commission
The U.S. SEC's Acting Chairman, Mark T. Uyeda, addressed regulatory challenges for tokenized securities at the Crypto Task Force’s roundtable. Uyeda discussed potential time-limited, conditional exemptive relief and contrasted state oversight with a possible federal framework for trading tokenized and non-security crypto assets. He highlighted issues with existing securities rules, including the impracticality of Rule 611 compliance and the unsuitability of federal securities laws for blockchain-based trading functions.
Policy & regulationGuidance & interpretationTrading
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2025-04-11•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) has initiated a public consultation on a proposed tokenization regime for digital representation of publicly offered negotiable securities using distributed ledger technology (DLT). The framework permits digital representation of securities, including shares and corporate bonds, while upholding traditional issuance and deposit requirements. The initiative will run in a one-year regulatory sandbox, with registered virtual asset service providers managing the digital environment.
Policy & regulationRules & requirementsTokenization
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2025-04-11•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) issued General Resolution No. 1059, amending the regime for open-end mutual funds targeting Qualified Investors. The amendment removes restrictions on foreign-currency denominated funds investing exclusively in Argentine financial instruments, excluding them from the maximum percentage limit for management companies. This updates the framework established by General Resolution No. 1030 in November 2024.
Policy & regulationRules & requirementsOther
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2025-04-11•China•China Banking and Insurance Regulatory Commission
China's National Financial Regulatory Administration has released a draft revision of measures for trust companies, updating the framework established in 2007. The draft focuses on tightening the trustee role, revising permitted activities, and enhancing governance, risk management, and supervisory tools. Key changes include consolidating trust business categories, reinforcing risk principles, and strengthening governance and risk controls.
Policy & regulationRules & requirementsCorporate governance