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2025-04-07•Chile•Chile Financial Market Commission
Chile’s Financial Market Commission (CMF) has released a searchable dataset of "banking claims subject to lapsing," detailing unclaimed or inactive amounts at 19 supervised banks and cooperatives, totaling CLP 94,444 million. Claims with no movement for two years must be published, and if uncollected within three years, the funds are transferred to the National Board of Firefighters of Chile.
Data & statisticsOther
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2025-04-07•Moldova•National Commission for Financial Markets
Moldova's National Commission for Financial Markets adopted board decisions on capital markets authorisations and consumer protection supervision. Key actions include registering a MDL 50 million equity increase for ARTIMA SA, removing BANCA COMERCIALĂ ROMÂNĂ CHIȘINĂU SA's securities post-merger, and adjusting the control procedure for MOGO LOANS SRL. Additionally, preliminary requests from several entities were rejected.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2025-04-07•Global•Financial Stability Board
The Financial Stability Board's Nomination Committee has recommended Andrew Bailey, Governor of the Bank of England, as the next FSB Chair for a three-year term starting 1 July 2025. The Plenary is expected to formalize the appointment in June. Bailey currently chairs the FSB’s Standing Committee on Supervisory and Regulatory Cooperation and has been involved in recent FSB reform initiatives.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-07•Canada•Bank of Canada
The Bank of Canada's first-quarter 2025 Canadian Survey of Consumer Expectations shows deteriorating household sentiment due to escalating U.S. trade tensions. Labour market confidence has weakened, with increased job security concerns in trade-sensitive sectors and rising recession expectations. Consumers report more cautious spending plans, higher short-term inflation expectations, and increased concerns about debt payments and credit access.
Data & statisticsEconomic data and developments
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2025-04-07•Canada•Bank of Canada
The Bank of Canada's first-quarter 2025 Business Outlook Survey reveals a sharp deterioration in business sentiment and widespread uncertainty due to unpredictable U.S. trade policy shifts. Firms are delaying investment and hiring decisions, with 32% anticipating a recession in Canada within a year. Input cost expectations have risen, with many firms planning to increase selling prices, while near-term inflation expectations have also increased.
Data & statisticsEconomic data and developments
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2025-04-07•Malta•Malta Financial Services Authority
The Malta Financial Services Authority assessed Maltese banks' readiness for amended EU banking rules, CRR3, finding most are on track, though some need further efforts. Key impacts include changes to credit risk, operational risk, and ESG requirements, prompting banks to enhance risk management and staff training. Ongoing supervision will involve continued engagement, with further details in a "Dear CEO Letter" to credit institutions.
SupervisionRisk monitoring & watch pointsCapital adequacyESG
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2025-04-07•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission (CNV) participated in an Instituto Iberoamericano de Mercados de Valores seminar in Guatemala, where CNV director Sonia Salvatierra highlighted initiatives to strengthen Argentina’s capital market and enhance SME financing. The seminar, attended by regulators from 17 countries, discussed regulatory updates, digital transformation, and SME participation in securities markets.
Policy & regulationCooperationMarket developmentMarket infrastructure
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2025-04-07•Moldova•National Bank of Moldova
The National Bank of Moldova's Governor Anca Dragu emphasized macroeconomic stability and European integration at the Chisinau Economic Forum, highlighting reforms aligned with European standards and Basel III. Dragu noted Moldova's recent acceptance into the Single Euro Payments Area (SEPA), which is expected to enhance euro transfers and financial service access.
Monetary policyMonetary policy framework & strategyCross-border cooperation
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2025-04-07•Moldova•National Bank of Moldova
The National Bank of Moldova published results from an IMF transparency assessment, highlighting advanced practices and alignment with international standards while identifying areas for improvement. Based on the IMF Central Bank Transparency Code, the assessment praised governance, policy clarity, and increased transparency in monetary policy and foreign exchange administration. The National Bank of Moldova plans to address recommendations through a concrete action plan.
Policy & regulationPeer reviews and country evaluationsCorporate governance
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2025-04-07•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported foreign exchange reserves of USD 578.02 billion at the end of March 2025, an increase of USD 0.44 billion from February. The change was attributed to reserve management returns, exchange rate movements, and intervention to stabilize capital flows. Foreign portfolio investors held securities and NTD deposits valued at USD 708.9 billion, 123% of the reserves.
Data & statisticsForeign exchange policy and markets
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2025-04-07•Europe•European Insurance and Occupational Pensions Authority
The European Insurance and Occupational Pensions Authority (EIOPA) has initiated its fifth Europe-wide stress test for occupational pension funds, focusing on liquidity risk amid rapid yield curve shifts. The test includes two scenarios developed with the European Systemic Risk Board, simulating sharp interest rate changes due to geopolitical tensions. The exercise covers IORPs with assets over EUR 600 million, assessing firm-level responses and potential spillovers.
SupervisionReviews, inspections & stress testsStress testing
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2025-04-06•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority held a securities sector workshop focused on sectoral risks related to money laundering, terrorist financing and proliferation financing. It reviewed Algeria’s June 2024 national risk assessment and the 2022 Financial Action Task Force mission findings, and discussed proposals for a sector roadmap to reduce those risks.
SupervisionRisk monitoring & watch pointsAML and CFTSupervision process and methodologies
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2025-04-06•Pakistan•Securites & Exchange Commission of Pakistan
The Securities and Exchange Commission of Pakistan released "The Future of Takaful in Pakistan," outlining a roadmap to expand Shariah-compliant insurance, or takaful, to eliminate riba by 2027. The study highlights current takaful penetration at 11%-13% and identifies growth barriers like low awareness and Shariah governance concerns. The action plan involves SECP, insurers, and stakeholders in developing transition plans, enhancing retakaful capacity, and aligning regulations with international standards.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-06•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines mandates BSP-supervised financial institutions to accept the Philippine National ID in all formats as valid proof of identity, per Republic Act No. 11055. Institutions must verify authenticity using the National ID Check service and onboard with the National ID Authentication Services via the eVerify platform. Branches must prioritize these IDs, ensure staff training, and coordinate clarifications with the Philippine Statistics Authority.
Policy & regulationGuidance & interpretationDigital identity
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2025-04-06•Iraq•Central Bank of Iraq
The Central Bank of Iraq refuted claims of halting US dollar supply to travelers at the official exchange rate of IQD 1,320 per USD, affirming the continuation of regular distribution through an electronic system at airports. The bank emphasized its commitment to maintaining monetary stability and warned of legal action against rumor-mongers.
Monetary policyMonetary policy instruments & operationsCurrency and cash management
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2025-04-06•Solomon Islands•Central Bank of the Solomon Islands
The Central Bank of the Solomon Islands has signed a Participation Agreement with Aelan Digital Services Limited to test a new Money Transfer Service under its Regulatory Sandbox framework, focusing on remittances for Solomon Islanders, particularly seasonal workers abroad, over an 18-month pilot. This marks the fifth digital financial service admitted into the sandbox, with CBSI monitoring its viability, scalability, and potential risks.
SupervisionInnovation & testingFintech and insurtechRegulatory sandbox
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2025-04-06•United States•U.S. Financial Services Committee
Representative Mike Haridopolos of the U.S. House Financial Services Committee advocates for increased congressional oversight of the Consumer Financial Protection Bureau (CFPB), including control over its funding and regular reauthorization. He criticizes the CFPB's independent funding and calls for scrutiny of its regulatory practices, suggesting a larger role for state authorities in consumer protection. Haridopolos, alongside Committee Chairman French Hill, plans to collaborate with Republicans to implement a sunset provision for periodic review of the CFPB's effectiveness.
Policy & regulationReform agendas & prioritiesConsumer and investor protection
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2025-04-05•Croatia•Croatian National Bank
The Croatian National Bank hosted an Open Doors Day, attracting over 1,000 citizens for tours and educational workshops on central banking and euro area topics. Attendees explored the CNB's main building and participated in sessions on money management, euro banknotes, and ECB monetary policy. Governor Boris Vujčić and Deputy Governor Sandra Švaljek engaged with students and the public on monetary policy and the digital euro.
Financial literacy & educationFinancial literacy and education
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2025-04-05•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines announced that Bank of Makati, Inc. has joined its "Piso Caravan" programme, increasing the number of participating institutions to 141. The programme facilitates the exchange of unfit banknotes and coins for clean currency, supporting the BSP’s Clean Note and Coin Policy and Coin Recirculation Program.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2025-04-05•India•Securities & Exchange Board of India
The Securities and Exchange Board of India released a note on the IMF's Financial System Stability Assessment for India under the 2024 Financial Sector Assessment Program, highlighting increased resilience and diversity since 2017. Improvements include the Corporate Debt Market Development Fund and enhanced regulations for bond mutual funds and equity derivatives. The assessment recommends stronger bank credit risk management and cybersecurity measures, noting manageable climate-related risks and the need for broader cybersecurity crisis simulations.
Policy & regulationInternational standards & recommendationsFinancial stability and systemic riskSupervision process and methodologies
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2025-04-04•United States•Federal Reserve Board
The Federal Reserve Board released a paper on household energy consumption and inequality, identifying 20% of households as energy burdened using a twice-the-median income threshold. The study highlights persistent energy-burdened status linked to demographic factors and reports higher marginal propensities to consume among these households. It notes moderate rises in consumption and energy consumption inequality compared to income inequality from 1999 to 2021.
ResearchOther
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2025-04-04•Bahamas•Bahamas Securities Commission
The Securities Commission of The Bahamas issued a public notice warning that Creators Alliance and its affiliates may be conducting illegal activities under several Bahamian financial laws. The entities are not registered or licensed by the Commission and appear to operate a pyramid scheme, promising returns for watching videos and recruitment. The Commission urged the public to exercise extreme caution to avoid potential financial loss.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-04-04•Montenegro•Central Bank of Montenegro
The Central Bank of Montenegro (CBCG) published an IMF report from the Central Bank Transparency Code Review, highlighting strengthened transparency in its legal framework, mandate, autonomy, and decision-making. The CBCG has implemented several IMF recommendations and is working on further improvements, aligning with its Strategic Plan 2025–2028. The CBCG is one of only nine central banks globally to participate in this IMF programme.
Policy & regulationInternational standards & recommendationsOther
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2025-04-04•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority concluded a study visit to the Croatian Financial Services Supervisory Agency, resulting in a new Memorandum of Understanding and progress on a Montenegrin Corporate Governance Code. Discussions included supervisory approaches for investment firms, crypto-asset regulation under the Markets in Crypto-Assets framework, and AML/CFT practices, as well as audit oversight, exchange trading surveillance, and market abuse detection.
Institutional developmentCooperation & capacity buildingOther
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2025-04-04•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority announced the resumption of trading for Elia Group financial instruments on Euronext Brussels. Trading will re-open on 04/04/2025 at 15:00 CET, in accordance with Article 78 of the Law of 21 November 2017.
SupervisionAuthorisations & approvalsTrading
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2025-04-04•Luxembourg•Central Bank of Luxembourg
The Central Bank of Luxembourg released Cahier d’études No. 196, introducing a machine-learning method for solving large-scale economic models using neural networks without backpropagation. The paper addresses challenges in modelling monetary policy transmission and demographic transitions, highlighting dimensionality issues in models like the LOLA model. The views expressed are those of the author, not necessarily of the Central Bank of Luxembourg or the Eurosystem.
Research
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2025-04-04•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced enhancements to its registers and datasets to improve consumer protection and business activity. ASIC manages 32 registers, with 343 million searches and 3.1 million updates last year. Improvements include entity-by-entity publication of dispute resolution data and consulting on reportable situations data. ASIC confirmed funding for RegistryConnect to address data fragmentation and enhance misconduct detection.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-04•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority suspended trading in Biosenic on Euronext Brussels at the company's request, effective 4 April 2025, pending a press release. This action is in accordance with Article 78 of the Law of 21 November 2017.
SupervisionInterventionsTrading
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2025-04-04•Belgium•Belgium Financial Services and Markets Authority
The Belgium Financial Services and Markets Authority has suspended trading in Elia Group financial instruments on Euronext Brussels at the company's request. The suspension, effective from 04/04/2025 at 09:00 CET, will remain until a press release is issued, in accordance with Article 78 of the Law of 21 November 2017.
SupervisionInterventionsTrading
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2025-04-04•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission (ASIC) announced results from the 28th Financial Advisers Exam cycle, with 241 candidates participating and a 73.4% pass rate. Conducted by the Australian Council for Educational Research, the exam maintained consistent testing standards. Of the candidates, 72.6% were first-time sitters. Unsuccessful candidates will receive feedback on underperformance areas.
SupervisionRegulatory reportingLicensing framework and process
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2025-04-04•Botswana•Bank of Botswana
The Bank of Botswana has revoked the bureau de change licence of Joshua Bureau de Change, terminating its authorization to conduct foreign exchange business. This action follows the cessation of operations and voluntary licence surrender. The Bank cautions against transactions with entities claiming to operate under Joshua Bureau de Change, emphasizing that trading foreign currency without a valid licence is a criminal offence.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-04•Botswana•Bank of Botswana
The Bank of Botswana has revoked the licence of Sherwood Bureau de Change following its cessation of operations and voluntary licence surrender. The central bank warned against transacting with entities claiming to operate under Sherwood's name and reminded that trading foreign currency without a valid licence is a criminal offence under the Bank of Botswana Act.
SupervisionAuthorisations & approvalsLicence withdrawal
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2025-04-04•Kenya•Central Bank of Kenya
The Central Bank of Kenya has launched the Kenya Green Finance Taxonomy and Climate Risk Disclosure Framework to improve climate risk management in banking. Developed under the European Investment Bank’s Greening Financial Systems Programme, the taxonomy helps classify economic activities by climate objectives, while the disclosure framework ensures consistent climate-related reporting. It will be updated periodically to include more environmental objectives.
Policy & regulationRules & requirementsClimate risk and sustainable finance
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2025-04-04•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market met with a World Bank delegation to discuss its reorganisation in line with International Organization of Securities Commissions principles and potential cooperation. Discussions included securitisation and financing for Ukraine's reconstruction. International partners expressed readiness to support the NSSMC with expert assistance to align Ukrainian laws with international standards.
Policy & regulationCooperationCross-border cooperation
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2025-04-04•Netherlands•De Nederlandsche Bank
Steven Maijoor of De Nederlandsche Bank spoke at the International Federation of Accountants’ Chief Executives Forum about geopolitical fragmentation and digitalization affecting prudential and audit risks. He emphasized cyber resilience as a focus for De Nederlandsche Bank and the European Central Bank, urging auditors to consider operational disruptions and cyber threats in going concern assessments. Maijoor also addressed geopolitical pressures on financial institutions and international standard setting, advocating for proactive auditor-supervisor communication and full Basel III implementation.
SupervisionSupervision approach, priorities & toolkitAuditingGeopolitical risk
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2025-04-04•Costa Rica•Central Bank of Costa Rica
The Central Bank of Costa Rica has introduced a new 10 colones coin as part of its updated monetary series, which will circulate alongside the existing CRC 10 coin. The coin, made of stainless steel, features the National Coat of Arms and the year "2023" on the reverse, with tactile identifiers for accessibility. Distribution will be gradual through national financial institutions, aligning with economic needs.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2025-04-04•Italy•Bank of Italy
The Bank of Italy announced that the 58th Annual Meeting of the Asian Development Bank Board of Governors will be held in Milan from 4 to 7 May 2025, marking the first time the event is hosted in Italy. The meeting will focus on enhancing economic and development cooperation between Italy, Europe, and Asia-Pacific economies. Bank of Italy Governor Fabio Panetta and Deputy Director General Paolo Angelini will participate in key sessions, including discussions on cross-border payment systems and next-generation skills.
OtherCross-border cooperation
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2025-04-04•Italy•Bank of Italy
At the General Council of the Italian Association of Foreign Banks, Giuseppe Siani from the Bank of Italy outlined recent regulatory changes affecting foreign banks in Italy. He emphasized key issues in prudential supervision, customer protection, and anti-money laundering oversight.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-04-04•Italy•Bank of Italy
Giuseppe Siani of the Bank of Italy addressed the General Council of the Italian Association of Foreign Banks, discussing the status of foreign banks in Italy. The speech covered recent regulatory changes and highlighted key issues in prudential supervision, consumer protection, and anti-money laundering.
SupervisionSupervision approach, priorities & toolkitPrudential risksAML and CFT
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2025-04-04•Italy•Bank of Italy
The Bank of Italy announced the 58th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) will be held in Milan from 4 to 7 May 2025, marking its first occurrence in Italy. The event will gather Finance Ministers, Central Bank Governors, and other stakeholders, with Italy playing a key role. Governor Fabio Panetta will participate in key sessions, including a seminar on cross-border payment rails with ADB President Masato Kanda.
Policy & regulationCooperationCross-border cooperation
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2025-04-04•Bermuda•Ministry of Finance (Bermuda)
Bermuda’s Ministry of Economy and Labour, led by Minister Jason Hayward, engaged with the Alternative Investment Management Association (AIMA) in New York City to enhance Bermuda's position as a fund management hub, including for digital asset funds. Discussions with AIMA executives aimed at strengthening strategic relationships and expanding Bermuda's market share in global alternative investment and hedge fund sectors.
Policy & regulationCooperationOther
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2025-04-04•Europe•European Banking Authority
The European Banking Authority's 2024 reports on EU market and credit risk benchmarking show continued convergence in market risk outputs and stable credit risk RWA variability. They introduce an analysis of the FRTB ASA, noting more consistent own funds requirement results under ASA compared to internal models, despite data submission inconsistencies. The findings stress the need for ongoing monitoring and adjustments to reduce variability and improve data consistency in market and credit risk assessments.
SupervisionRisk monitoring & watch pointsCredit riskMarket risk and volatility
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2025-04-04•Ukraine•National Bank of Ukraine
The National Bank of Ukraine's review confirmed UONIA as an objective money market benchmark despite some methodological issues and found no need to change UAH/USD exchange rates. It highlighted sufficient trading volumes for reliable UAH/USD indicators and noted the euro's increasing role in FX markets, suggesting a potential shift from US dollar to euro pegging. Implementation of FX changes continues, including a revised approach to currency lists for official exchange rates.
Policy & regulationGuidance & interpretationMarket infrastructureFinancial benchmarks
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2025-04-04•Croatia•Ministry of Finance (Croatia)
Croatia's Ministry of Finance reported on the "Support for Sustainable Finance" conference in Zagreb, focusing on the European Commission’s Omnibus package to simplify EU sustainability and investment rules. Discussions included corporate transition to sustainability, the financial sector's role, and green public procurement. Plans for a future Sustainability Centre and an EU Technical Support Instrument project for sustainability reporting were introduced.
Policy & regulationImplementation, projects & pilotsClimate risk and sustainable finance
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2025-04-04•Portugal•Bank of Portugal
The Bank of Portugal released updated central balance sheet statistics for Q4 2024, noting a ninth consecutive quarterly rise in financial autonomy to 45.6% and a decline in financing costs to 4.8%. Profitability remained stable at 9.4%, with private companies at 9.5% and public companies at 7.3%. The share of obtained financing in total assets decreased to 26.6%, despite higher debt securities financing for head offices and public companies.
Data & statisticsBalance of payments and other external statisticsFinancial and market indicators
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2025-04-04•Colombia•Central Bank of Colombia
The Central Bank of Colombia released External Operational and Services Circular DSP-272, establishing tariffs for deposit account administration, operations via the CUD, and centralized modules supporting instant payment interoperability.
Policy & regulationRules & requirementsPayments and payment systems
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2025-04-04•Colombia•Central Bank of Colombia
The Central Bank of Colombia issued External Operational and Services Circular DSP-470, detailing operational regulations for the Centralized Directory (DICE). This module aims to facilitate interoperability among instant low-value payment systems.
Policy & regulationRules & requirementsPayments and payment systems
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2025-04-04•Colombia•Central Bank of Colombia
The Central Bank of Colombia's Payment Systems Department released External Operational and Services Circular DSP-471, establishing operational regulations for the Settlement Operating Mechanism. This module aims to facilitate interoperability among immediate low-value payment systems.
Policy & regulationRules & requirementsMarket infrastructure
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2025-04-04•Ethiopia•National Bank of Ethiopia
The National Bank of Ethiopia reported on the 49th Meeting of the Eastern and Southern Africa Anti-Money Laundering Group Task Force in Kampala, chaired by Mr. Frezer Ayalew. The Task Force adopted policy recommendations on regional money laundering and terrorist financing risks, financial technology, and financial inclusion. Ethiopia will host the next meeting from August 29 to September 6, 2025.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2025-04-04•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 revoked the microfinance licence of “Abay Nesie” Credit Partnership LLP due to repeated non-compliance with regulatory instructions. The organisation must re-register, reorganise, or liquidate within 30 days, while clients remain liable for existing microcredit obligations.
EnforcementSanctions & designationsLicence withdrawal
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2025-04-04•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 senior management appointments in the insurance sector, including L.P. Zdanovich as head of the executive body and A.M. Sapin as a member. The agency clarified that executives with prior consent can transfer within the sector without further approval if they meet statutory qualifications.
SupervisionAuthorisations & approvalsLeadership change and appointments
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2025-04-04•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission met with non-life and life insurers to establish cooperation guidelines to reduce complaints and disputes. Key measures include setting up dedicated complaint units, enhancing data connectivity, and ensuring decision-makers participate in mediation. Insurers are also expected to promptly notify significant events and expedite claims processing, particularly after the recent earthquake.
Policy & regulationCooperationOther
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2025-04-04•Thailand•Thailand Office of Insurance Commission
Thailand’s Office of Insurance Commission has launched the third cohort of its Super WPS executive programme, focusing on emerging trends in insurance regulation. The programme, featuring 67 senior executives, covers global risks, InsurTech, and includes a "Super CEO Special Talk" and an academic paper requirement.
Policy & regulationImplementation, projects & pilotsOther
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2025-04-04•Uzbekistan•Central Bank of the Republic of Uzbekistan
The Central Bank of the Republic of Uzbekistan participated in the 2025 IMF Article IV consultations, discussing 2024 macroeconomic conditions, monetary and macroprudential policy changes, and the 2025 outlook. The IMF mission will continue meetings with other ministries and financial institutions. Article IV consultations are utilized by the IMF to analyze economic developments and assess banking system reforms.
Monetary policyMonetary policy assessments & outlooksEconomic data and developmentsMonetary policy decisions and developments
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2025-04-04•Mexico•CONDUSEF
Mexico's National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF) reported 3,464 complaints in Tabasco for 2024, a 0.6% decrease from 2023, with MXN 19.3 million recovered, down 13.5%. Credit and debit cards were the most complained-about products, with unrecognised charges and electronic transfers as leading issues. Multiple banking accounted for 53.2% of complaints, with a 45.2% user-favourable resolution rate.
Data & statisticsComplaints and dispute resolution
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2025-04-04•Europe•European Central Bank
The European Central Bank reported the euro area's current account surplus rose to EUR 426 billion (2.8% of GDP) in 2024 from EUR 243 billion (1.7% of GDP) in 2023, with notable surpluses with the UK and Switzerland. The international investment position showed net external assets of EUR 1.66 trillion (10.9% of GDP) at the end of 2024, driven by higher net assets in portfolio debt, direct investment, and reserve assets. The report includes revisions from Q1 2021 to Q3 2024, with upcoming releases in April and July 2025.
Data & statisticsBalance of payments and other external statistics
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2025-04-04•Europe•European Central Bank
The European Central Bank released euro area sector accounts for Q4 2024, noting household financial investment growth at 2.4% and a slowdown in non-financial corporations' financing growth to 0.9%. Household gross disposable income rose 4.4%, with a gross saving rate increase to 15.4%, while corporate debt ratios declined. The ECB also announced data revisions back to Q1 2021 and plans to release Distributional Wealth Accounts for Q4 2024 on 30 May 2025.
Data & statisticsFinancial and market indicatorsMonetary data
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2025-04-04•Europe•European Central Bank
The European Central Bank's research highlights the growing influence of institutional investors in euro area housing markets, linking increased institutional purchasing to sustained house price rises and enhanced monetary policy transmission. Institutional property purchases tripled from 2007 to 2021, especially in Germany and the Netherlands, with these investors more responsive to interest rate changes than households. The ECB suggests expanding the macroprudential toolkit for real estate investment funds to mitigate liquidity risks and potential fire sales.
ResearchMarket development
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2025-04-04•Europe•European Central Bank
The European Central Bank's weekly financial statement for the Eurosystem reported total assets and liabilities of EUR 6,338,174 million, with a net increase of EUR 91,176 million due to quarter-end adjustments. Securities of euro area residents denominated in euro totaled EUR 4,390,681 million, with declines from transactions and adjustments. Banknotes in circulation rose to EUR 1,571,098 million, while the deposit facility fell to EUR 2,818,213 million.
Data & statisticsBalance of payments and other external statistics
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2025-04-04•Brazil•Brazilian Superintendence of Private Insurance (SUSEP)
The Brazilian Superintendence of Private Insurance (SUSEP), represented by Director Júlia Normande Lins, participated in the Improve 2025 event in São Paulo to discuss the insurance sector's role in climate resilience. The event, organized by Zurich Brasil, featured discussions on partnerships, corporate sustainability, and the use of public policies and economic incentives to enhance climate resilience.
Policy & regulationCooperationClimate risk and sustainable finance
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2025-04-04•Estonia•Ministry of Finance (Estonia)
Estonia's Ministry of Finance has amended regulations to clarify conditions under which banks must open and may close basic payment service accounts, ensuring consumer access for essential transactions. The amendments also introduce an emergency offline card payment option for essential goods when normal connectivity is unavailable. Account closures are restricted to legally specified grounds, including illegal use.
Policy & regulationRules & requirementsPayments and payment systems
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2025-04-04•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority released an insights report on fair conduct programmes (FCPs) submitted by financial institutions in preparation for the Conduct of Financial Institutions regime, highlighting good practices and evolving conduct risks. The FMA will maintain an educative approach as firms refine their programmes, with plans for a more in-depth review and further findings publication.
SupervisionReviews, inspections & stress testsCorporate governance
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2025-04-04•New Zealand•New Zealand Financial Markets Authority
The New Zealand Financial Markets Authority has initiated a civil proceeding against IAG New Zealand Limited in the High Court at Auckland for alleged fair dealing breaches under the Financial Markets Conduct Act, involving incorrect premium pricing and discount application errors affecting about 269,000 customers. IAG, which self-reported the issues, admitted liability, and is cooperating with the investigation, faces claims of over NZD 35 million in overcharges and a net gain of NZD 31.1 million.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2025-04-04•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission (CVM) has introduced a new FAQ page on its website to provide guidance on the Termo de Compromisso, enhancing accessibility and user-friendliness. The page addresses 14 key questions, including the origin, purpose, and proposal submission process of the Termo de Compromisso. CVM officials highlight it as a tool for securing timely and adequate undertakings in response to potential capital market misconduct.
Policy & regulationGuidance & interpretationOther
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2025-04-04•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore and the Singapore Police Force warned against impersonation scams on platforms like WeChat, UnionPay, and Alipay, with 678 cases since January 2025 and losses of at least SGD 17.4 million. Scammers impersonate platform staff, requesting personal information and bank transfers. The advisory stresses that MAS officers do not issue arrest warrants and urges the public to avoid sharing personal details or transferring money to unknown parties.
SupervisionAlertsFraud and scams
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2025-04-04•Council of Financial Regulators•Council of Financial Regulators (CoFR)
The Council of Financial Regulators (CoFR) released its March quarterly statement detailing its 24 March meeting, where members evaluated external influences on New Zealand’s financial system and agreed to reassess the Council’s strategic focus and future work programme. Key topics included advancements in artificial intelligence, geopolitical uncertainty, and developments in New Zealand’s payments system, emphasizing the significance of the upcoming Customer and Products Data Bill.
Policy & regulationReform agendas & prioritiesArtificial intelligenceGeopolitical risk
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2025-04-04•Serbia•National Bank of Serbia
The National Bank of Serbia reported a significant rise in financial contracts concluded remotely in 2024, totaling 323,899, an 83.9% increase from 2023. Video identification for first-time bank customers surged by 142.2%, comprising 28% of these contracts, while other electronic means accounted for 72%. Remote contracting grew across all services, notably in payment account openings (+214.5%) and overdrafts (+94.8%).
Data & statisticsFinancial and market indicatorsSupervisory data
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2025-04-04•Serbia•National Bank of Serbia
The National Bank of Serbia and the National Bank of Austria met to discuss central bank cooperation and the impact of economic and geopolitical developments. Austria's significant role in Serbia's economy was highlighted, with Austrian-owned banks and companies contributing notably. Governor Jorgovanka Tabaković reviewed Serbia's macro-financial achievements, including an investment-grade credit rating, stable inflation, and record foreign exchange reserves.
Policy & regulationCooperationCross-border cooperation
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2025-04-04•Kazakhstan•Astana Financial Services Authority
The Astana Financial Services Authority (AFSA) warned it does not offer fast-track or preferential regulatory treatment at the Astana International Financial Centre. AFSA emphasized that all applications are independently assessed based on established procedures, and claims of influence or expedited approvals for payment are fraudulent. Applicants should verify service providers through AFSA's Public Register and report suspicious activities via its online complaint channels.
SupervisionAlertsUnlicensed or unauthorized activity
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2025-04-04•Azerbaijan•Central Bank of the Republic of Azerbaijan
The Central Bank of the Republic of Azerbaijan is reviewing 14 applications for its special regulatory regime to test innovative financial products, including virtual assets and payment services. The sandbox allows testing under limited parameters and Central Bank supervision. Successful products may be implemented in financial markets with a supporting regulatory framework.
SupervisionInnovation & testingRegulatory sandbox
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2025-04-04•Albania•Albania Financial Services Authority
The Albania Financial Services Authority announced its Board meeting agenda for 11 April 2025, focusing on a draft decision to amend the statute of Sigal UGA JSC and approve a new shareholder's influential participation. This is the only decision item on the agenda.
SupervisionAuthorisations & approvalsCorporate governance
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2025-04-04•Montenegro•Central Bank of Montenegro
Oesterreichische Nationalbank Governor Robert Holzmann lectured at the University of Montenegro on economic convergence with the EU, emphasizing EU accession, institutional stability, and central bank independence. He noted Montenegro's strong economic growth but highlighted incomplete convergence due to a significant income gap with the Eurozone. Holzmann encouraged Montenegro to pursue EU membership swiftly, citing substantial benefits from EU integration.
OtherMonetary policy decisions and developments
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2025-04-04•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario revoked Harold the Mortgage Closer Inc.'s brokerage licence and refused to renew Harold Gerstel's broker licence, imposing CAD 70,000 in penalties. The Financial Services Tribunal found Gerstel unsuitable due to non-cooperation and false information, violating the Mortgage Brokerages, Lenders and Administrators Act, 2006. A second Notice of Proposal concerning Gerstel remains under Tribunal review.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2025-04-04•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario appointed four new members to its Consumer Advisory Panel, which offers consumer insights for policy development. The new appointees, serving two-year terms, are Samuel Lichtman, Karina Souza, Edwin Weinstein, and Liisa Woolley. The authority also recognized the contributions of the outgoing panel members.
Institutional developmentLeadership change & appointmentsHiring and recruitment
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2025-04-04•Croatia•Croatian Financial Services Supervisory Agency
At the "Support to Sustainable Finance" conference in Zagreb, Croatian Financial Services Supervisory Agency Board President Ante Žigman emphasized regulation supporting sustainable market development, balancing oversight and innovation. He highlighted the European Commission’s Omnibus package to simplify sustainability reporting and reduce SMEs' administrative burdens. Žigman stressed clear transparency and participation policy requirements under the Sustainable Finance Disclosure Regulation to enhance accountability.
SupervisionSupervision approach, priorities & toolkitClimate risk and sustainable finance
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2025-04-04•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has urged bondholders of seven East Coast Furnitech Public Company Limited bond series to review information and exercise their rights at an electronic meeting on 9 April 2025. The issuer seeks approvals for debt repayment changes, restructuring, maturity extensions, and increased coupon rates. Bondholders are advised to assess the proposals' impacts and seek comprehensive information before voting.
Policy & regulationGuidance & interpretationCorporate governance
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2025-04-04•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Republicans on the U.S. Senate Committee on Banking, Housing and Urban Affairs, led by Chairman Tim Scott, urged FHFA Director Bill Pulte to address waste, fraud, abuse, and inefficiencies within the agency. The letter highlighted issues like a multimillion-dollar payment by the Federal Home Loan Bank of San Francisco and low office attendance at Fannie Mae. The committee expressed readiness to assist in overcoming statutory obstacles impacting the housing finance system.
Policy & regulationOther
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2025-04-04•Tanzania•Bank of Tanzania
The Bank of Tanzania clarified that only the TZS 10,000 and TZS 5,000 banknotes from the 2003 issue are being withdrawn, not the similar-looking 2010 issue notes, which remain valid. The exchange for the 2003 notes began on 6 January 2025 and ends on 5 April 2025, after which they will cease to be legal tender.
Policy & regulationGuidance & interpretationCurrency and cash management
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2025-04-04•Sweden•Finansinspektionen
Finansinspektionen has initiated a consultation to repeal its regulations and guidelines for firms engaged in certain consumer credit business, contingent on the government's proposal to repeal the Act on certain consumer credit business (LVK) effective 1 July 2025. The proposal includes transitional arrangements for firms with existing LVK authorisations and amendments to rules on ownership and management assessments in financial undertakings.
Policy & regulationRules & requirementsLicensing framework and process
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2025-04-04•United States•U.S. Financial Services Committee
The U.S. House Committees on Financial Services and Agriculture released a "Blueprint for Digital Assets in America," outlining six principles for federal legislation on digital asset classification and regulation. It aims to promote innovation, distinguish securities from non-securities, and establish an issuance regime under the Securities and Exchange Commission with retail investor protections. It includes proposals for regulating spot market exchanges, customer-asset safeguards, and expanded Commodity Futures Trading Commission authority, while avoiding centralized regulatory models for decentralized protocols.
Policy & regulationReform agendas & priorities
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2025-04-04•United States•U.S. Financial Services Committee
U.S. House Committee chairs on Financial Services and Agriculture outlined six principles for federal digital asset market legislation in a CoinDesk op-ed. These principles aim to clarify regulation, promote innovation, and assign oversight, including classifying digital assets, regulating exchanges, and protecting customer funds. They propose giving the Commodity Futures Trading Commission authority over non-security digital assets and ensuring decentralized protocols aren't treated as centralized custodians.
Policy & regulationReform agendas & priorities
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2025-04-04•Vietnam•State Bank of Vietnam
The State Bank of Vietnam has appointed Ms. Hoang Thi Phuong Hanh as Acting Director General of the International Cooperation Department, effective 3 April 2025. This interim assignment will continue until a permanent Director General is appointed.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2025-04-04•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) reviewed the initial operations of its new Regional Branch 7, formed by consolidating provincial branches, to provide supervisory and operational guidance. Deputy Governor Phạm Quang Dũng emphasized the need for the branch to finalize internal processes, enhance IT systems, and strengthen supervision of local credit institutions. SBV reiterated expectations for credit institutions to align with government and SBV directives on monetary and credit measures.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2025-04-04•Vietnam•State Bank of Vietnam
The State Bank of Vietnam (SBV) inaugurated SBV Region 7 in Thanh Hoa, overseeing Nam Dinh, Ha Nam, Ninh Binh, and Thanh Hoa, and held a conference to boost bank credit for regional economic growth. Deputy Governor Pham Quang Dung urged credit institutions to expand lending safely, focusing on production, business activities, and priority sectors while controlling high-risk lending. SBV Region 7 reported over VND 561 trillion in outstanding loans at end-March 2025, with agriculture, industry, and services sectors showing varied performance amid a national credit growth target of 16% for 2025.
Institutional developmentMandate & organizational structureLending
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2025-04-04•Vietnam•State Bank of Vietnam
The State Bank of Vietnam held a conference to boost bank credit for economic growth in Region 8, announcing the launch of its Regional Branch 8. Credit outstanding reached VND 535.688 trillion by end-February 2025, with measures to refine credit policies, stabilize money markets, and expand preferential credit programs. The Deputy Governor emphasized balancing funding, tightening controls on high-risk lending, and simplifying loan processes without loosening credit conditions.
Institutional developmentMandate & organizational structureLending
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2025-04-04•Norway•Norwegian Finanstilsynet
The Financial Supervisory Authority of Norway reported a 5.1% increase in debt collection cases, totaling 6,510,614 at the end of 2024. The total claims value reached NOK 129.5 billion, marking a 1.4% inflation-adjusted rise from 2023.
Data & statisticsSupervisory data
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2025-04-04•United States•Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) released a list of state nonmember banks evaluated for Community Reinvestment Act (CRA) compliance, detailing ratings assigned in January 2025. The CRA mandates the FDIC to assess banks' efforts in meeting community credit needs, including those of low- and moderate-income areas, while ensuring safe operations. Public disclosure of these evaluations is required under the Financial Institutions Reform, Recovery, and Enforcement Act.
SupervisionReviews, inspections & stress testsCompliance
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2025-04-04•Norway•Norwegian Finanstilsynet
Norwegian Finanstilsynet's inspection report on Gran Oppgjør AS revealed significant weaknesses in calculating and paying interest on client accounts, and controlling the "interest buffer." The firm breached Real Estate Brokerage Regulations by failing to ensure clients received entitled interest, and deficiencies in anti-money laundering controls and settlement processes were identified. Gran Oppgjør AS ceased its real estate brokerage activities on 4 March 2025.
SupervisionReviews, inspections & stress testsClient asset custody and safekeeping
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2025-04-04•Albania•Bank of Albania
The Bank of Albania has implemented the ISO 20022 standard for cross-border payments and financial reporting, joining SWIFT's Cross-Border and Reporting Plus community. Albania is the first in its region to adopt this standard, ahead of the global deadline of November 2025. The initiative aims to enhance payment data exchange, transparency, safety, and efficiency.
Policy & regulationImplementation, projects & pilotsCross-border paymentsPayments and payment systems
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2025-04-04•Chile•Chile Financial Market Commission
The Chile Financial Market Commission will launch "CMF Supervisa," a new online communication channel for supervised entities, on 1 May 2025, replacing the current Online Information Submission System and Extranet. Created under General Rule No. 515, it will be the mandatory route for submitting information as required by laws and regulations. An introductory webinar will be held on 15 April 2025 to assist with onboarding.
SupervisionRegulatory reportingOperational excellence
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2025-04-04•United States•Federal Reserve Board
The Federal Reserve Board has terminated the cease and desist order against Lori H. Staples, a former employee of The Marathon Bank, originally issued on May 28, 2003. The termination is effective as of April 4, 2025.
EnforcementInvestigations & enforcement actionsOther
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2025-04-04•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission's Market Participants Division issued a no-action letter regarding the pre-trade mid-market mark requirement in Regulation 23.431 for swap dealers and major swap participants. This relief, not limited to specific swap types, mirrors previous no-action positions due to limited informational value and operational challenges. The CFTC first provided such relief in 2012.
EnforcementInvestigations & enforcement actionsMarket infrastructure
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2025-04-04•United States•U.S. Securities & Exchange Commission
SEC Commissioner Caroline A. Crenshaw criticized a Division of Corporation Finance staff statement that certain stablecoins are not securities, citing legal and factual errors. She noted most USD-stablecoins are obtained through intermediaries, not directly from issuers, undermining the staff's reliance on issuer risk-reducing features. Crenshaw also questioned the adequacy of reserves and "proof of reserves" reports, arguing they do not sufficiently protect retail holders from insolvency risk.
Policy & regulationGuidance & interpretation
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2025-04-04•United States•U.S. Securities & Exchange Commission
The SEC’s Division of Corporation Finance clarified that certain USD-referenced stablecoins, termed “Covered Stablecoins,” are not securities under the Securities Act of 1933 or the Securities Exchange Act of 1934. These stablecoins maintain a one-for-one value against the U.S. dollar, backed by low-risk, liquid assets, and are intended for payments or storing value without offering interest or profit rights. The statement reflects staff views only and does not apply to other stablecoin structures or yield-bearing stablecoins.
Policy & regulationGuidance & interpretationStablecoins
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2025-04-04•Thailand•Bank of Thailand
The Bank of Thailand, in collaboration with AIS, has launched a cybersecurity awareness initiative to enhance public protection against online scams and cyber threats. The program includes educational content on safe digital practices, with a focus on student-led community outreach through the "CU TU Cyberguard" project. This initiative is supported by the Cyber Crime Investigation Bureau and the National Cyber Security Agency.
Financial literacy & educationCyber resilienceFinancial literacy and education
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2025-04-04•Moldova•National Bank of Moldova
The National Bank of Moldova's First Deputy Governor Petru Rotaru emphasized accountants' and auditors' critical role in financial information quality and economic stability at a recent conference. Rotaru highlighted the need for practitioners to understand company realities and the national economic context, adapting to legislative changes. Despite digitalization, he stressed the importance of human expertise and integrity in financial management and decision-making.
Financial literacy & educationAccounting and financial reporting
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2025-04-04•Asia•Asia/Pacific Group on Money Laundering (APG)
The Asia/Pacific Group on Money Laundering’s April PACD newsletter provides an update on recent technical assistance and training work in the Pacific. It highlights participation in the 2025 Financial Action Task Force Private Sector Consultative Forum, reports on SIP visits to Papua New Guinea, Nauru and the Marshall Islands, and notes ongoing and completed projects in the Cook Islands, Fiji and Tonga.
Policy & regulationImplementation, projects & pilotsAML and CFT
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2025-04-04•Trinidad & Tobago•Central Bank of Trinidad & Tobago
The Central Bank of Trinidad & Tobago issued financial literacy guidance emphasizing budgeting to help individuals manage expenses, increase savings, and avoid debt. The guidance promotes the 50/30/20 budgeting rule, allocating 50% of income to needs, 30% to wants, and 20% to savings, as part of Financial Literacy Month in April.
Financial literacy & educationFinancial literacy and education
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2025-04-04•Bahamas•Central Bank of the Bahamas
The Central Bank of the Bahamas emphasized financial literacy as essential for financial inclusion and safe system participation at its 2025 Get Money Smart Financial Literacy Seminar. Governor John A Rolle highlighted the economic benefits of improved budgeting and saving, linking them to investment growth and reduced government dependency. The speech also stressed the importance of digitisation for equitable access and safe digital operations.
Financial literacy & educationFinancial literacy and education
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2025-04-03•Dominican Republic•Central Bank of the Dominican Republic
The Central Bank of the Dominican Republic clarified Monetary Board prudential measures to tighten controls on foreign-currency credit and foreign-exchange risk. Changes include revised foreign-currency lending rules, increased risk weights for loans to non-generators, and adjusted net foreign-currency position limits. The measures also index minimum capital for exchange agents and mandate mark-to-market presentation in financial statements from January 2026.
Policy & regulationRules & requirementsCapital adequacyPrudential risks