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  • 2025-03-18EuropeEuropean Central Bank

    European Central Bank analysis finds euro area goods export share down about 2 percentage points since 2019 driven by medium-high-tech losses

    The European Central Bank's Economic Bulletin reveals a 2 percentage point decline in the euro area's global goods export market share since 2019, with losses across all manufacturing segments. Medium-high-tech sectors account for 55% of these losses, despite stable export structures. The euro area remains a leader in pharmaceuticals but has lost ground in electronics and computers to China and the United States.

    ResearchMarket development
  • 2025-03-18SpainBank of Spain

    Bank of Spain Governor José Luis Escrivá sets out digital euro design features and remaining work ahead of ECB November 2025 decision

    The Bank of Spain released a speech by Governor José Luis Escrivá on the digital euro project, aiming to serve as a new European Central Bank liability for everyday payments, complementing cash. Positioned as a stable alternative to stablecoins, it offers euro area-wide acceptance, free basic services, and 24/7 instant settlement. The project is in its preparation phase until November 2025, focusing on finalizing design, technology development, and legal framework establishment.

    Policy & regulationImplementation, projects & pilotsCBDC
  • 2025-03-18IsraelBank of Israel

    Bank of Israel wins Central Banking Magazine 2025 Communication award for expanding public access to comparative banking information

    Central Banking magazine awarded the Bank of Israel the 2025 Communication award for enhancing transparency and accessibility of banking information through consumer-focused tools, including an online dashboard and expanded comparison tools. The initiative, starting with publishing comparative interest rate information in 2022, now includes comprehensive data on accounts, credit cards, and customer satisfaction, reflecting public feedback and evolving needs.

    Financial literacy & educationActivity and performance reporting
  • 2025-03-18MoroccoCentral Bank of Morocco

    Central Bank of Morocco Cuts Key Rate by 25 Basis Points to 2.25%

    The Central Bank of Morocco cut its key rate by 25 basis points to 2.25%, its second consecutive reduction and third since June, as inflation is expected to remain consistent with price stability. It will also refinance banks participating in a new financing program for very small enterprises at 25 basis points below the key rate.

    Monetary policyPolicy rate decisionsMonetary policy decisions and developments
  • 2025-03-18United Arab EmiratesUAE Securities & Commodities Authority

    UAE Securities and Commodities Authority outlines 2025 strategic vision centered on innovative regulation and digital transformation

    The UAE Securities and Commodities Authority outlined a strategic vision to establish the UAE as a global leader in financial markets, focusing on innovative regulation and digital transformation. Priorities include fostering financial innovation, enhancing regulatory excellence, and aligning regulations with international standards to support market competitiveness and investor protection.

    Policy & regulationReform agendas & priorities
  • 2025-03-18BahrainCentral Bank of Bahrain

    Central Bank of Bahrain launches consultation on new exposure limits including raising the large exposure cap to 25%

    The Central Bank of Bahrain is consulting on amendments to the Credit Risk Management Module, proposing new exposure limit requirements for Bahraini bank licensees. Key changes include increasing the large exposure limit from 15% to 25%, revising related party exposure limits, and introducing a uniform methodology for capital add-ons for credit concentration risk. The consultation seeks input on the impact of these changes on credit strategy, underwriting policies, and compliance.

    Policy & regulationRules & requirementsCredit riskPrudential risks
  • 2025-03-18Dominican RepublicSuperintencencia de Bancos de la Republica Dominicana

    Superintendency of Banks of the Dominican Republic briefs IMF mission on banking sector stability and cites assets up 10.3% to RD$3.84tn

    The Superintendency of Banks of the Dominican Republic reported to the International Monetary Fund on the stability of the Dominican banking sector, highlighting a 10.3% nominal asset growth in 2024 to RD$3.84tn and a gross loan portfolio of RD$2.182tn. The non-performing loan ratio was low at 1.6%, with system provisions covering 3% of the total loan portfolio. The update noted steps toward international regulatory alignment, including consultations on financial user protection and operational risk, and a gradual shift to fair value application for investment portfolios.

    SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskPrudential risks
  • 2025-03-18Dominican RepublicSuperintencencia de Bancos de la Republica Dominicana

    Superintendency of Banks of the Dominican Republic delivers youth financial education talks and materials during Global Money Week

    The Superintendency of Banks of the Dominican Republic, via its User Services and Protection Office (ProUsuario), launched financial education talks and activities during the Central Bank’s Economic and Financial Week and Global Money Week. The program includes talks, educational materials, and interactive activities to promote informed financial decision-making among young people. Events will extend beyond Santo Domingo and Santiago to Centro Perelló in Peravia province.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-18PhilippinesCentral Bank of the Philippines

    Central Bank of the Philippines Governor urges sustained AML CFT CPF vigilance after FATF grey list exit

    The Central Bank of the Philippines highlighted remarks by Governor Eli M. Remolona, Jr. urging continued anti-money laundering and counter-terrorist financing efforts post-Philippines' exit from the FATF grey list. Delivered at a Stakeholders Appreciation Program, the message emphasized vigilance against emerging risks and acknowledged contributions from BSP-supervised sectors and the National AML/CFT/CPF Coordinating Committee.

    Policy & regulationGuidance & interpretationAML and CFT
  • 2025-03-18VietnamVietnam State Securities Commission

    Vietnam State Securities Commission instructs listed individuals to pay VND 1 million fee to complete re-issuance of securities practising certificates

    The Vietnam State Securities Commission has mandated individuals listed in an attached notice to pay a VND 1,000,000 fee for the re-issuance of a securities practising certificate, as per the Ministry of Finance's fee schedule. Payment can be made via bank transfer or in person. Failure to complete the procedure within one year will result in certificate cancellation.

    Policy & regulationRules & requirementsLicensing and supervisory fees
  • 2025-03-18OmanCentral Bank of Oman

    Central Bank of Oman outlines new Banking Law and central bank statute covering foreign banks, Islamic banking and fintech

    The Central Bank of Oman released an overview of the new Banking Law and Central Bank of Oman Statute, enacted by Royal Decrees No. 2/2025 and No. 3/2025, updating governance and regulation of financial activities. Key provisions include allowing foreign banks, establishing Islamic banking, and introducing digital banks and fintech services. The legislation also addresses digital crowdfunding, open banking, and emphasizes transparency, fairness, and data protection.

    Policy & regulationRules & requirements
  • 2025-03-18ItalyItalian Institute for Insurance Supervision (IVASS)

    Italian Institute for Insurance Supervision orders blocking of four unauthorised insurance intermediation websites

    The Italian Institute for Insurance Supervision (IVASS) has ordered the cessation of unauthorized insurance intermediation on four websites, triggering their blocking by internet service providers in Italy. This action brings the total number of blocked sites to 220 since November 2023. IVASS advises consumers to verify the authorization of insurers and intermediaries through its online registers before engaging in insurance transactions.

    SupervisionInterventionsUnlicensed or unauthorized activity
  • 2025-03-18BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission issues guidance on unitholder liability for real estate investment funds with negative net equity

    The Brazil Securities Commission (CVM) issued Circular Letter CVM/SSE 2/2025, providing guidance on unitholder responsibility for real estate investment funds (FII) with negative net equity. The letter clarifies that Law 8.668 limits unitholder liability to subscribed units, while CVM Resolution 175 allows funds to be established with or without limited liability, necessitating amendments to FII regulations.

    Policy & regulationGuidance & interpretationSecurities offerings and listings
  • 2025-03-18BrazilBrazil Securities Commission (CVM)

    Brazil Securities Commission fines Sultepa investor relations director and Intra DTVM while clearing PwC audit firm in separate case

    The Brazil Securities Commission (CVM) concluded three sanctioning proceedings, fining an issuer’s investor relations director and a securities dealer and fund administrator, while acquitting PricewaterhouseCoopers Auditores Independentes Ltda. and its partner of audit standard breaches. Sergio Mattos was fined BRL 200,000 for not providing shareholder addresses, and Intra DTVM Ltda. was fined BRL 1.2 million for delays in mandatory information delivery. The sanctioned parties may appeal to the National Financial System Appeals Council.

    EnforcementInvestigations & enforcement actionsAuditing
  • 2025-03-18New ZealandNew Zealand Financial Markets Authority

    New Zealand Financial Markets Authority files criminal charges against former adviser David McEwen for alleged breach of stop order

    The New Zealand Financial Markets Authority has filed criminal charges against former financial adviser David McEwen for allegedly violating an FMA stop order by continuing to make offers and accept contributions for financial products. McEwen, who has been living abroad since November 2023, entered a not-guilty plea and did not attend court, prompting the FMA to urge investors contacted by him or associated entities to report to the regulator.

    EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
  • 2025-03-18EuropeEuropean Council

    European Council tightens Russia sanctions targeting 74 shadow fleet vessels 53 entities and SPFS-linked banks

    The European Council adopted Council Decision (CFSP) 2025/394, expanding EU sanctions against Russia, targeting 74 vessels, 53 entities, and imposing new export and import restrictions. Measures include a transaction ban on three non-Russian financial institutions using Russia's SPFS, suspension of EU broadcasting licences for eight Russian media outlets, and a transaction ban with certain Russian ports and airports. Albania, Bosnia and Herzegovina, Iceland, Liechtenstein, Montenegro, North Macedonia, Norway, and Ukraine have aligned with the Decision.

    Policy & regulationRules & requirementsNew sanctions designations
  • 2025-03-18GlobalIslamic Financial Services Board

    Islamic Financial Services Board launches consultation on draft recovery and resolution guidance for takaful undertakings

    The Islamic Financial Services Board has released an exposure draft Guidance Note on Recovery and Resolution of Takaful Undertakings (GN-10) for public consultation. GN-10 offers guidance on Takaful Core Principles related to market exit, resolution, and enterprise risk management for solvency, complementing existing international frameworks while addressing takaful-specific issues.

    Policy & regulationGuidance & interpretationRecovery and resolution
  • 2025-03-18United KingdomHM Treasury

    HM Treasury publishes near-final statutory instrument to restate MiFID Organisational Regulation definitions and move firm-facing rules into FCA and PRA rulebooks

    HM Treasury released a near-final draft statutory instrument to revoke MiFID Organisational Regulation requirements and restate key provisions in UK law, as part of the Mansion House 2024 wholesale markets reform. The draft updates the Financial Services and Markets Act 2000, introduces new provisions on trading suspensions, and revises definitions for algorithmic trading. The Financial Conduct Authority and Prudential Regulation Authority will incorporate replacement requirements into their rulebooks.

    Policy & regulationRules & requirements
  • 2025-03-18United KingdomHM Treasury

    UK's HM Treasury launches procurement market engagement for a pilot Digital Gilt Instrument issuance in the Digital Securities Sandbox

    HM Treasury and the UK Debt Management Office are engaging the market for input on a pilot Digital Gilt Instrument (DIGIT) using distributed ledger technology. This exercise will inform the pilot's design, commercial strategy, and procurement process, focusing on demand, design choices, and platform architecture. The DIGIT will be a digitally native UK Government debt instrument issued on a DLT platform within the Digital Securities Sandbox, separate from the main debt management programme.

    Policy & regulationImplementation, projects & pilotsCBDC
  • 2025-03-18MaltaCentral Bank of Malta

    Central Bank of Malta reports rise in counterfeit euro banknotes detected in 2024

    The Central Bank of Malta reported an increase in counterfeit banknotes removed from circulation in 2024, though they remain negligible compared to genuine euro banknotes in Malta. A total of 1,565 counterfeit banknotes were presented to the Central Bank during the year.

    Data & statisticsCurrency and cash management
  • 2025-03-18SwedenFinansinspektionen

    Sweden's Financial Supervisory Authority and Sveriges Riksbank launch Koll på cashen web game to boost financial literacy among upper secondary students

    Sweden's Financial Supervisory Authority and Sveriges Riksbank have launched "Koll på cashen," an interactive web-based game to enhance young people's financial literacy. The game, targeting upper secondary students and teachers, covers budgeting, saving, and financial concepts like inflation and interest rates. It was developed in response to surveys indicating a lack of basic financial skills among young adults.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-18VietnamState Bank of Vietnam

    State Bank of Vietnam commits to regulatory review as IFC and SECO launch a 2025–2030 supply chain finance programme

    The State Bank of Vietnam announced a cooperation agreement between the International Finance Corporation and the Swiss State Secretariat for Economic Affairs to enhance Vietnam's supply chain finance market for micro, small, and medium-sized enterprises. The second phase (2025–2030) of IFC's SCF programme aims to support Vietnamese public authorities and strengthen SCF capacity for banks and market participants. The central bank will work with partners to review regulations and encourage credit institutions to diversify products to improve SMEs' access to credit.

    Policy & regulationCooperationSME financing
  • 2025-03-18VietnamState Bank of Vietnam

    State Bank of Vietnam reviews the new Region 10 branch model and urges measures to lift credit growth

    The State Bank of Vietnam assessed early operational issues at its Region 10 branch after merging provincial branches and instructed stabilization for local credit contraction. Despite a 2025 credit growth expectation of 16%, Region 10's credit fell by 0.49% from end-2024, prompting calls for clarification and support measures. Operational guidance emphasized task allocation, uninterrupted inspection, and coordination with local authorities and credit institutions.

    Institutional developmentCooperation & capacity buildingOrganizational structure
  • 2025-03-18VietnamState Bank of Vietnam

    State Bank of Vietnam publishes Party leader article urging reforms to lift private sector contribution to around 70% of GDP by 2030

    The State Bank of Vietnam highlighted an article by General Secretary Tô Lâm on Viet Nam’s private sector aiming to contribute 70% of GDP by 2030 through technology adoption and innovation. The article outlines current contributions and challenges, including limited credit access and slow digital transformation, and proposes priorities like strengthening market institutions and promoting digitalisation. A forthcoming Politburo resolution is expected to provide a strategic framework for further support.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-03-18United KingdomHM Treasury

    HM Treasury sets out draft legislation to reform MiFID-derived capital markets rules and enable the FCA to remove duplicative requirements

    HM Treasury announced new draft legislation to streamline regulation and enhance the UK's capital markets, following discussions with fintech leaders. The proposals aim to reform Markets in Financial Instruments Directive (MiFID) rules and allow the Financial Conduct Authority to eliminate duplicative regulations. This initiative is part of the Government's broader strategy to reduce regulatory costs by 25%.

    Policy & regulationRules & requirementsFintech and insurtechRegulatory burden
  • 2025-03-18CanadaNew Brunswick Financial & Consumer Services Commission

    New Brunswick Financial & Consumer Services Commission warns investors that Grayscale-Group is not registered to deal or advise in securities

    The New Brunswick Financial & Consumer Services Commission issued a warning that Grayscale-Group is not registered to deal or advise in securities in New Brunswick. The alert highlights the firm's Zurich location and website, and notes its addition to the Nova Scotia Securities Commission's caution list. Investors are advised not to confuse Grayscale-Group with regulated entities using "Grayscale" in their name.

    SupervisionAlertsUnlicensed or unauthorized activity
  • 2025-03-18EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority authorises five non-banking finance firms to use all fintech domains via Vlens and approves EGP 30m Manzil Fin startup

    The Egypt Financial Regulatory Authority authorized five non-banking financial companies to use fintech domains via outsourcing provider Vlens, including electronic identification and contracting. Manzil Fin was established as a fintech-enabled start-up for consumer and mortgage finance with EGP 30 million capital. Lumen Soft expanded its outsourcing permissions to include electronic contracting and digital records.

    SupervisionAuthorisations & approvalsRegulatory sandbox
  • 2025-03-18EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority authorises Tilda, Beltone and Thndr to deliver securities brokerage through end to end fintech processes

    The Egypt Financial Regulatory Authority approved three brokerage firms to use fintech for activities like electronic identification and verification. Tilda and Beltone Securities will use Vlens, while Thndr will employ Valify Solutions. This aligns with Law No. 5 of 2022, emphasizing fintech in non-banking financial activities and includes technological risk management and governance.

    SupervisionAuthorisations & approvalsFintech and insurtechRegulatory sandbox
  • 2025-03-18EgyptEgypt Financial Regulatory Authority

    Egypt Financial Regulatory Authority approves first electronic issuance of supplementary motor zero policies by Misr Insurance and Tharwa Insurance

    The Egypt Financial Regulatory Authority approved Misr Insurance and Tharwa Insurance to issue supplementary motor insurance policies electronically using fintech, a first for non-banking financial activities. This includes electronic identification, verification, and contracting via Vlens, an approved provider. The Authority stressed technology risk management and governance, noting four fintech providers registered under Law No. 5 of 2022 and related 2023 board decisions.

    SupervisionAuthorisations & approvalsFintech and insurtechRegulatory reporting
  • 2025-03-18HondurasComisión Nacional de Bancos y Seguros de Honduras

    Honduras's National Banking and Insurance Commission approves rules barring private credit bureaus from recording telecom debts tied to services not provided

    Honduras's National Banking and Insurance Commission has approved new rules for private credit bureaus regarding negative credit records from non-payment of unprovided services, as per Legislative Decree No. 75-2024. Bureaus must amend contracts to ensure data excludes such delinquent records, and affected customers can file complaints. Breaches may lead to sanctions, with unresolved cases decided by the Commission.

    Policy & regulationRules & requirementsCredit riskPrudential risks
  • 2025-03-18NorwayNorwegian Finanstilsynet

    Norwegian Finanstilsynet sets CRR3 reporting transition to framework v4.0 from Q2 2025 and plans new IRB guidance module

    Norwegian Finanstilsynet outlined reporting expectations for Norway's implementation of the amended Capital Requirements Regulation (CRR3), effective 1 April 2025. Supervisory reporting for Q1 2025 will follow CRR2, with CRR3 and reporting framework v4.0 applicable from Q2. Changes in v4.0 impact capital adequacy and leverage ratio modules but are largely irrelevant for certain investment firms, which will continue under v2.9 until IFR/IFD implementation.

    SupervisionRegulatory reportingCapital adequacy
  • 2025-03-18RussiaCentral Bank of Russia

    Central Bank of Russia mandates in-app fraud reporting for large banks by 1 October 2025 and parent notifications for 14 to 18 accounts from 29 March 2025

    The Central Bank of Russia has issued new regulations to enhance fraud victim support and safeguard young customers, effective from 29 March 2025 and 1 October 2025. Large banks must implement mobile-app features for reporting fraudulent transfers and responding to regulatory inquiries, while all banks must accept complaints related to ATM cash transfers to fraudsters' accounts. Banks are also required to notify parents or legal representatives of transactions involving customers aged 14 to 18.

    Policy & regulationRules & requirementsFraud and scamsComplaints and dispute resolution
  • 2025-03-18CanadaBritish Columbia Securities Commission

    British Columbia Securities Commission launches AI investment scam prevention campaign and urges anonymous reporting with Metro Vancouver Crime Stoppers

    The British Columbia Securities Commission and Metro Vancouver Crime Stoppers warned about increasing AI use in fraud, urging anonymous public reports. The BCSC launched an ad campaign and microsite to help British Columbians avoid AI-enabled investment scams, highlighting tools like chatbots and deepfakes. The Canadian Anti-Fraud Centre reported over $638 million in fraud losses in 2024, with only a small fraction reported.

    SupervisionAlertsFraud and scams
  • 2025-03-18ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission president outlines agenda to modernise capital markets rules and streamline issuance approvals

    At the Federation of Latin American Banks Congress, Argentina Securities Commission (CNV) president Roberto E. Silva outlined the CNV's agenda, focusing on recent regulatory changes. Key measures include simplified authorisation for securities issuance and the Automatic Public Offering regime. Silva also stressed financial education and expanding access, aligning with the national government's deregulation policy.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2025-03-18ArgentinaArgentina Securities Commission (CNV)

    Argentina Securities Commission sets out capital markets work programme and regulatory priorities at IAEF symposium

    The Argentina Securities Commission (CNV) participated in the 19th Capital Markets and Corporate Finance Symposium. CNV President Roberto E. Silva and Vice President Patricia Boedo discussed initiatives to enhance investment through capital markets. Silva highlighted regulatory efforts on innovation, market development, and investor protection, while Boedo emphasized competitiveness and efficiency for market participants.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2025-03-18AustraliaAustralian Prudential Regulation Authority

    Australian Prudential Regulation Authority consults on eight governance reforms including a 10-year non-executive director tenure limit

    The Australian Prudential Regulation Authority (APRA) has initiated a consultation on updating cross-industry prudential governance standards, proposing measures to enhance governance practices across banks, insurers, and superannuation trustees. Key proposals include a 10-year tenure limit for non-executive directors, increased oversight of succession planning, and a focus on proportionality settings, with a three-month consultation period.

    Policy & regulationRules & requirementsCorporate governance
  • 2025-03-18SwitzerlandSwiss Financial Market Supervisory Authority (FINMA)

    Swiss Financial Market Supervisory Authority licenses BX Digital as Switzerland’s first DLT trading facility

    The Swiss Financial Market Supervisory Authority (FINMA) licensed BX Digital AG as the first DLT trading facility under Switzerland’s DLT Act, enabling multilateral trading of DLT securities. BX Digital, part of the Boerse Stuttgart Group, targets supervised participants like banks and operates below thresholds for regulatory relief. FINMA required a business continuity strategy and technical checks, including smart contract source code review, with Ethereum used for settlement and integration with the Swiss Interbank Clearing system.

    SupervisionAuthorisations & approvalsLicence approval
  • 2025-03-18JapanJapan Financial Services Agency

    Japan Financial Services Agency adds BIMI-based logo icons to emails from fsa.go.jp and edinet-fsa.go.jp to deter spoofing

    The Japan Financial Services Agency (FSA) will implement Brand Indicators for Message Identification (BIMI) for emails from its domains, displaying the FSA symbol as an icon in recipients' mailboxes. This measure aims to help users recognize genuine FSA messages and enhance anti-spoofing efforts.

    Policy & regulationGuidance & interpretationOther
  • 2025-03-18AsiaAsia/Pacific Group on Money Laundering (APG)

    Asia/Pacific Group on Money Laundering Secretariat agrees mission and reform actions, including relocation and ICT changes

    The Asia/Pacific Group on Money Laundering said its Secretariat agreed a new mission and a package of reform actions at a planning forum in Australia. The measures include relocation, an unclassified ICT environment, and secondment and external engagement frameworks. The forum also reinforced priorities for the Global 5th Round of Mutual Evaluations, technical assistance and support for smaller jurisdictions.

    Institutional developmentMandate & organizational structure
  • 2025-03-17MontenegroCentral Bank of Montenegro

    Central Bank of Montenegro adopts credit institution resolution by-laws and establishes National Payment Transactions Board

    The Central Bank of Montenegro Council adopted by-laws to align the national bank resolution framework with EU regulations and established a National Payment Transactions Board to enhance payment security and efficiency, supporting the SEPA project. The Council reviewed the Governor’s report, noting a solvent and liquid banking sector with stable deposit growth and strong lending activity, and discussed eased credit standards and conditions expected to continue in Q1 2025.

    Policy & regulationRules & requirements
  • 2025-03-17BelgiumBelgium Financial Services and Markets Authority

    Belgium Financial Services and Markets Authority study finds 18–25 year olds want more financial education in school with cryptocurrencies a top interest

    The Belgium Financial Services and Markets Authority (FSMA) released a study revealing that young adults aged 18 to 25 are keen to learn more about financial topics, particularly cryptocurrencies, taxes, budgeting, and investing. Conducted by Profacts, the survey involved 1,000 participants from Flanders, Wallonia, and the Brussels Capital Region. FSMA plans to enhance financial education for this demographic through its Wikifin programme.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-17Dominican RepublicPensions Superintendency (SIPEN)

    Dominican Republic's Pensions Superintendency joins the Central Bank’s Economic and Financial Week 2025 with pension education outreach

    The Pensions Superintendency (SIPEN) of the Dominican Republic will join the Central Bank's 11th Economic and Financial Week 2025, supporting the Aula Central financial education programme. SIPEN will operate the "Tu Futuro" stand and conduct student trainings on the Dominican Pension System. Central Bank governor Héctor Valdez Albizu announced the event's expansion to the Perelló Cultural Centre in Baní, with participation from 51 entities.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-17Dominican RepublicCentral Bank of the Dominican Republic

    Central Bank of the Dominican Republic launches its 11th Economic and Financial Week as the Monetary Board clears consultations on user protection and operational risk rules

    The Central Bank of the Dominican Republic launched its 11th Economic and Financial Week, unveiling updated findings from its National Survey of Financial Inclusion and Financial Education. The Monetary Board authorized public consultations on overhauling the financial consumer protection framework and a new operational risk regulation for financial intermediation entities. Survey results show a rise in the "potential financial inclusion" indicator to 65.6% and a decline in cash payment preference to 55.9%.

    Financial literacy & educationFinancial inclusion
  • 2025-03-17AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission seeks liquidators for Falcon Capital and court-ordered wind up of First Guardian Master Fund

    ASIC has applied to the Federal Court to appoint liquidators to Falcon Capital Limited and wind up the First Guardian Master Fund. They also seek a receiver for Falcon director David Anderson's property. This follows asset-freezing orders from February 2025. Concerns include suspended withdrawals, overdue cash receivables, and payments for marketing services. Allegations involve conflict management, misleading disclosures, and improper advice. The hearing is on 9 April 2025.

    EnforcementInvestigations & enforcement actions
  • 2025-03-17Saudi ArabiaSaudi Arabia Capital Markets Authority

    Saudi Arabia Capital Markets Authority approves Qudra for Communications and Information Technology to offer 5 million shares on the Parallel Market

    Saudi Arabia’s Capital Markets Authority (CMA) approved Qudra for Communications and Information Technology Company’s application to register and offer 5,000,000 shares on the Parallel Market, representing 18.18% of its share capital. The offering is limited to Qualified Investors as per CMA regulations. The CMA emphasized that its approval is not an investment recommendation and is valid for six months.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-03-17Saudi ArabiaSaudi Arabia Capital Markets Authority

    Saudi Arabia Capital Markets Authority approves Hawyia Auctions Company to offer 2.4 million shares in the Parallel Market to qualified investors

    Saudi Arabia's Capital Markets Authority (CMA) has approved Hawyia Auctions Company's application to register and offer 2,400,000 shares, representing 12% of its share capital, in the Parallel Market. The offer is restricted to Qualified Investors as per the CMA's Glossary of Defined Terms. The CMA emphasized that its approval confirms compliance with legal requirements but is not an investment recommendation.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-03-17Saudi ArabiaSaudi Arabia Capital Markets Authority

    Saudi Arabia Capital Markets Authority approves Marketing Home Group Company registration and IPO of 4.8 million shares

    Saudi Arabia’s Capital Markets Authority approved Marketing Home Group Company’s application to offer 4.8 million shares in an IPO, representing 30% of the company’s share capital. The prospectus will provide essential information for investors, including financial statements and risk factors. The approval is valid for six months and confirms compliance with the Capital Market Law.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-03-17CyprusCentral Bank of Cyprus

    Central Bank of Cyprus showcases KEHAP initiatives to strengthen youth financial literacy during Global Money Week

    The Central Bank of Cyprus recapped the Cyprus Financial Literacy and Education Commission's international conference on youth financial literacy, emphasizing early financial education. Governor Christodoulos Patsalides highlighted findings from the Pancyprian Financial Literacy Survey, stressing coordinated efforts across sectors. The event included addresses from key government figures and roundtables on global best practices and Cyprus-specific strategies.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-17MontenegroMontenegro Capital Market Authority

    Montenegro Capital Market Authority concludes Kapital financial literacy workshops for Podgorica primary schools

    The Montenegro Capital Market Authority concluded its "Kapital" educational workshops for primary school students in Podgorica, focusing on basic capital market and finance concepts through interactive, game-based learning. The initiative aims to enhance financial literacy and promote responsible money management among young students. The Authority plans to continue these workshops in the future.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-17FranceFrance Autorite des marches financiers

    France's Financial Markets Authority publishes proposals for the EU Savings and Investment Union focused on retail investment, European supervision and securitisation

    France's Financial Markets Authority (AMF) has responded to the European Commission's call for contributions on the Savings and Investment Union, advocating for an ambitious approach to enhance European financial markets. The AMF emphasizes boosting retail investor participation, strengthening European-level supervision, and reviving the securitisation market. The European Commission will present its strategy on 19 March.

    Policy & regulationReform agendas & prioritiesMarket development
  • 2025-03-17FranceFrance Autorite des marches financiers

    France's Autorité des marchés financiers publishes infographic on how to invest employee savings

    France's Autorité des marchés financiers released an infographic guiding employees on allocating savings from workplace schemes. It outlines options for immediate taxable income or investment in tax-exempt savings plans, distinguishing between medium-term company savings plans and collective retirement savings plans. Employees are advised to evaluate investment options, time horizons, risk appetite, and review key documentation.

    Financial literacy & education
  • 2025-03-17FranceFrance Autorite des marches financiers

    France's Autorité des marchés financiers publishes guide to employee savings plans and value sharing options

    France's Autorité des marchés financiers released an investor education note on workplace savings, detailing company savings plans (PEE) and collective retirement savings plans (PER collectif). It covers access, funding mechanisms, tax trade-offs, lock-up periods, and fund line-ups. It highlights the requirement for companies with 11 to 49 employees to implement a value-sharing mechanism from 2025 and directs employees to epargnesalariale-france.fr for further guidance.

    Financial literacy & educationOther
  • 2025-03-17FranceFrance Autorite des marches financiers

    France's Financial Markets Authority publishes guidance for employees on allocating profit-sharing and value-sharing bonuses via PEE and collective PER

    France's Financial Markets Authority (AMF) issued a note guiding employees on choosing between cash or investment options for intéressement and participation amounts, and selecting between a plan d’épargne entreprise (PEE) and a collective plan d’épargne retraite (collective PER). The note emphasizes tax benefits, employer matching contributions, and the importance of written allocation submissions, while detailing default investment rules and options for unused leave and voluntary contributions. It also advises on selecting employee mutual funds (FCPE) based on risk profiles and diversification strategies.

    Policy & regulationGuidance & interpretationOther
  • 2025-03-17FranceFrance Autorite des marches financiers

    French Financial Markets Authority publishes guidance on early release of employee savings and retirement plans

    The French Financial Markets Authority issued guidance on withdrawing funds from employee savings plans, detailing lock-up periods, withdrawal procedures, and tax implications. For the company savings plan (PEE), contributions are locked for five years, while the collective company retirement savings plan (PER collectif) is generally locked until retirement. The guidance also outlines conditions for early release, tax treatment, and safeguards to prevent disputes.

    Policy & regulationGuidance & interpretationOther
  • 2025-03-17FranceFrance Autorite des marches financiers

    France's Autorité des marchés financiers publishes a practical guide to the Plan d’épargne retraite

    France's Autorité des marchés financiers released an explainer on the Plan d’épargne retraite (PER), detailing its operation, types, and rules on investing, transfers, withdrawals, and tax treatment. The PER, introduced under the PACTE law, replaces older schemes and includes individual, collective workplace, and mandatory workplace plans. Key features include managed lifecycle fund allocation, contribution sources, transfer conditions, retirement benefit options, and tax implications based on plan and payment type.

    Policy & regulationGuidance & interpretationOther
  • 2025-03-17FranceFrance Autorite des marches financiers

    France's Financial Markets Authority publishes guidance on investing and monitoring employee savings plans

    France's Financial Markets Authority issued guidance on investing savings in workplace schemes like company savings plans (PEE) and collective retirement savings plans (collective PER or Perco). The note advises aligning investment choices with objectives, time horizon, and risk tolerance, highlighting the requirement for each plan to offer at least one labelled fund. It outlines investment fund options, emphasizing regular monitoring and internal adjustments.

    Policy & regulationGuidance & interpretationOther
  • 2025-03-17FranceFrance Autorite des marches financiers

    French Financial Markets Authority publishes educational guide on employee savings schemes

    The French Financial Markets Authority, in collaboration with La Finance pour tous, released an educational guide on employee savings schemes. The guide aims to assist savers in understanding key features and optimizing their investment decisions.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-17FranceFrance Autorite des marches financiers

    France's Financial Markets Authority publishes investor guidance on employee savings plans and retirement savings options

    France's Financial Markets Authority released educational materials on employee savings arrangements, detailing investment, management, and access to funds in company savings and employer-sponsored retirement plans. The resources include guidance on profit-sharing, incentive payments, investment strategies, and withdrawal processes. The Authority also outlines the retirement savings plan under the PACTE law, highlighting its three forms and potential tax benefits.

    Financial literacy & educationOther
  • 2025-03-17FranceFrance Autorite des marches financiers

    France's Autorité des marchés financiers publishes guide on sustainable finance and responsible investment options for savers

    France's Autorité des marchés financiers released an educational guide on sustainable finance for retail savers. The guide details responsible investment options and offers practical advice for aligning savings with personal values, focusing on themes like global warming, resource preservation, and professional equality.

    Financial literacy & educationClimate risk and sustainable finance
  • 2025-03-17United Arab EmiratesDubai Financial Services Authority

    Dubai Financial Services Authority opens expressions of interest for Tokenisation Regulatory Sandbox

    The Dubai Financial Services Authority has opened expressions of interest for its Tokenisation Regulatory Sandbox, targeting firms offering tokenised investment products in the Dubai International Financial Centre. Part of the DFSA’s Innovation Testing Licence programme, it allows firms to test tokenised financial solutions in a controlled environment with a pathway to full authorisation. Eligible firms include those issuing, trading, holding, or settling tokenised investments, and existing DFSA Authorised Firms expanding into tokenisation.

    SupervisionInnovation & testingFintech and insurtechTokenization
  • 2025-03-17EuropeEuropean Securities and Markets Authority

    European Securities and Markets Authority extends recognition of three UK central counterparties until 30 June 2028

    The European Securities and Markets Authority (ESMA) has extended the recognition decisions for three UK central counterparties (CCPs) under the European Market Infrastructure Regulation (EMIR) until 30 June 2028. This follows the European Commission's new equivalence decision for the UK CCP regulatory framework. ESMA also updated its Memorandum of Understanding with the Bank of England as per EMIR 3 requirements.

    Policy & regulationRules & requirementsCCPs
  • 2025-03-17EuropeEuropean Securities and Markets Authority

    European Securities and Markets Authority and Bank of England sign revised cooperation MoU for UK CCP oversight under EMIR 3

    The European Securities and Markets Authority and the Bank of England have signed a revised Memorandum of Understanding to enhance cooperation and information exchange regarding the three UK central counterparties recognized under the European Market Infrastructure Regulation. This update, reflecting EMIR 3 changes, applies to ICE Clear Europe Ltd, LCH Ltd, and LME Clear Ltd, replacing the 2020 MoU. It aligns with the European Commission's extension of equivalence for UK CCPs until 30 June 2028.

    Policy & regulationCooperationCCPsSupervision process and methodologiesPrudential risks
  • 2025-03-17AustraliaAustralian Securities & Investments Commission

    Australian Securities & Investments Commission takes enforcement action against 17 SMSF auditors including 4 disqualifications and 11 cancellations

    ASIC took action against 17 SMSF auditors in late 2024 for professional breaches. Four were disqualified, two faced conditions, and 11 had registrations canceled after ATO referrals. This was part of a project targeting auditors lacking experience. SMSF auditors oversee about AUD 1 trillion in assets.

    EnforcementInvestigations & enforcement actionsAuditing
  • 2025-03-17SpainSpanish Securities Commission (CNMV)

    Spanish Securities Commission aligns investment fund performance fee rules with ESMA guidance and expands reporting for venture capital, European long-term investment funds and depositaries

    The Spanish Securities Commission (CNMV) issued Circular 1/2025, amending rules on investment fund performance fees and regulatory reporting by venture capital entities and depositaries. Updates include changes to net asset value determination, reporting requirements for European long-term investment funds, and depositaries' compliance reporting. The circular aligns with ESMA guidelines and revises templates to incorporate supervisory experience and recent regulatory changes.

    Policy & regulationRules & requirementsAccounting and financial reporting
  • 2025-03-17New ZealandNew Zealand Financial Markets Authority

    New Zealand Financial Markets Authority agrees in principle to grant five-year class exemption from reporting and audit requirements for managed investment schemes in wind-up

    The New Zealand Financial Markets Authority plans to grant a five-year class exemption from certain reporting, audit, and assurance obligations for managers and custodians of registered Managed Investment Schemes in wind-up under the Financial Markets Conduct Act 2013. This exemption, subject to stakeholder consultation, addresses the cost-benefit imbalance of compliance during wind-up, with submissions due by 12 May 2025.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-03-17TanzaniaMinistry of Finance (Tanzania)

    Tanzania's Ministry of Finance urges Tarime residents to report unregistered microfinance providers as it rolls out financial literacy outreach

    Tanzania's Ministry of Finance conducted public financial education in Tarime District, urging residents to report unregistered microfinance providers. The initiative aims to help citizens understand their rights and identify legitimate financial services, highlighting risks posed by illegal providers to household welfare and local development. The programme, which began in May 2024, has reached 15 regions, with Mwanza next in line.

    Financial literacy & educationFinancial literacy and education
  • 2025-03-17UkraineUkraine National Commission on Securities and Stock Market

    Ukraine National Commission on Securities and Stock Market reports pilot agrarian note issuance deposited in the Central Depository

    The Ukraine National Commission on Securities and Stock Market completed a pilot issuance of an agrarian note to facilitate faster financing for farmers through automation and reduced paperwork. Conducted with NDU and IFC experts, it was recorded in the Register of Agrarian Notes and deposited in the Central Depository. The Commission plans to collaborate with the Ministry of Agrarian Policy and Food to promote the instrument in Ukraine's agricultural market.

    Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
  • 2025-03-17NetherlandsDe Nederlandsche Bank

    De Nederlandsche Bank publishes new monthly statistics showing Dutch securities holdings of EUR 3,487 billion at end-2024

    De Nederlandsche Bank published statistics on Dutch securities holdings, totaling EUR 3,487 billion at the end of 2024, or 308% of GDP. The dataset details monthly holdings by sector and security type, showing institutional investors hold over 68% of total securities. Investments are geographically diversified, with significant holdings in non-euro area issuers, particularly US firms like NVIDIA, Apple, and Microsoft.

    Data & statisticsFinancial and market indicatorsSupervisory data
  • 2025-03-17PeruCentral Bank of Peru

    Central Bank of Peru reports January exports rose 23.9% year on year to USD 6.693 billion

    The Central Bank of Peru reported a 23.9% increase in total exports to USD 6,693 million in January, driven by higher export prices and volumes. Growth in volumes was led by traditional products like fishmeal, copper concentrate, refined zinc, and gold, with non-traditional sectors also contributing except for fishing and non-metallic mining. Price increases were mainly due to higher international prices for metals such as zinc, copper, and gold.

    Data & statisticsBalance of payments and other external statistics
  • 2025-03-17EcuadorSuperintendencia de Bancos de Ecuador

    Superintendence of Banks of Ecuador calls for coordinated institutional action to combat money laundering at industry forum

    The Superintendence of Banks of Ecuador emphasized anti-money laundering and counter-terrorist financing priorities at the Prevention of Money Laundering Forum in Guayaquil, highlighting the need for coordinated prevention, regulation, supervision, control, and sanctions. Superintendent Roberto Romero von Bouchwald discussed money laundering's impact on global GDP and its ties to crime and corruption. ASOBANCA’s executive president, Marco Rodríguez, noted the private banking sector's use of data analytics and AI, with an average of 15 suspicious transaction reports filed daily.

    Policy & regulationReform agendas & prioritiesAML and CFT
  • 2025-03-17ChinaCentral Bank of the Republic of China

    People's Bank of China sets 2025 technology priorities focused on data governance, secure financial infrastructure and orderly AI model use

    The People's Bank of China outlined its 2025 technology priorities, focusing on enhancing IT support, upgrading data governance and security, and advancing digital transformation with AI in finance. The agenda includes tighter business-technology integration, expanded adoption of new technologies, and development of a secure financial infrastructure. The bank also aims to complete elements of the 14th Five-Year Plan, prepare the 15th, and advance the internationalisation of China's financial standards.

    Policy & regulationReform agendas & prioritiesFintech and insurtechArtificial intelligence
  • 2025-03-17IndonesiaBank Indonesia

    Bank of Indonesia reports Indonesia’s external debt rose to USD 427.5 billion in January 2025 as public sector borrowing accelerated

    Bank of Indonesia reported Indonesia's external debt at USD 427.5 billion in January 2025, with a year-on-year growth of 5.1%, driven by public sector borrowing. Government external debt reached USD 204.8 billion, with significant allocations in health, social activities, and public administration, while private external debt contracted by 1.7%. The external debt-to-GDP ratio decreased to 30.3%, with long-term debt comprising 84.7% of the total.

    Data & statisticsBalance of payments and other external statistics
  • 2025-03-17BermudaMinistry of Finance (Bermuda)

    Bermuda Ministry of Finance sets out plans to tighten consumer protection in lending and insurance and to establish a corporate income tax funded Sovereign Wealth Fund

    Bermuda's Ministry of Finance announced plans to enhance consumer protections in financial services, review home insurance rules, and incorporate Corporate Income Tax revenues into long-term planning. Key measures include updating the Lender Code of Conduct, empowering the Regulatory and Competition Authority to impose penalties, and establishing a Sovereign Wealth Fund. Additional initiatives involve pension system reforms, mandatory basic banking services, and a financial literacy campaign.

    Policy & regulationReform agendas & prioritiesOther
  • 2025-03-17EuropeEuropean Banking Authority

    European Banking Authority issues final draft standards updating the joint decision process for internal model authorisation under CRR III

    The European Banking Authority published final draft Implementing Technical Standards amending the joint decision process for internal model authorisation under the Capital Requirements Regulation. The amendments align with CRR III updates, removing the use of internal models for operational risk and updating cross-references to supervisory colleges standards. This forms part of the EBA roadmap for implementing the EU Banking Package.

    Policy & regulationRules & requirementsCapital adequacy
  • 2025-03-17LithuaniaBank of Lithuania

    Bank of Lithuania reports January 2025 current account surplus rises to EUR 70.2 million

    The Bank of Lithuania reported a current account surplus of EUR 70.2 million for January 2025, up from EUR 62.8 million in December 2024, due to a significant reduction in the goods trade deficit. Goods exports increased by 19.5% while imports rose by 5.2%, leading to a 52.9% decrease in the foreign trade deficit. The net financial account investment was positive at EUR 31.2 million, supported by substantial other investment inflows despite a decline in official reserve assets and portfolio outflows.

    Data & statisticsBalance of payments and other external statistics
  • 2025-03-17GermanyBaFin

    Germany's Federal Financial Supervisory Authority mandates quarterly XBRL reporting by pension funds on investments and coverage starting 31 March 2025

    Germany's Federal Financial Supervisory Authority (BaFin) mandates German-domiciled pension funds to report quarterly on their investment portfolios and ring-fenced asset coverage using Form F.678.01. Effective 31 March 2025, submissions must be electronic via BaFin’s MVP portal, with quantitative data in XBRL format and qualitative data as PDF/A. BaFin revoked the previous order from 29 July 2021 and will publish detailed validation and submission rules.

    Policy & regulationRules & requirementsRegulatory reporting
  • 2025-03-17NetherlandsMinistry of Finance (Netherlands)

    Netherlands' Ministry of Finance sets out cabinet proposals to strengthen the European capital markets union

    The Netherlands' Ministry of Finance proposed enhancing the European capital markets union by improving cross-border capital flows and expanding non-bank financing access. Key measures include reinforcing European supervision to reduce compliance burdens and costs, increasing European Investment Bank support for venture capital, and developing an EU investment account for cross-border investments. The proposals also aim to remove regulatory barriers like insolvency and financial reporting discrepancies.

    Policy & regulationReform agendas & prioritiesMarket developmentPrudential risks
  • 2025-03-17SloveniaSlovenia Insurance Supervision Agency

    Slovenia Insurance Supervision Agency outlines insurance options for trekking and mountaineering up to 6,500 metres and expeditions above 6,000 metres

    The Slovenia Insurance Supervision Agency and the Slovenian Insurance Association released a guide on insurance for high-altitude trekking and mountaineering abroad. It emphasizes the need for dedicated rescue and medical cover due to high costs not covered by mandatory health insurance outside Slovenia. The guide categorizes insurance products into travel insurance, membership policies via the Alpine Association of Slovenia, and specialized cover for expeditions above 6,000 metres.

    Financial literacy & educationOther
  • 2025-03-17SloveniaSlovenia Insurance Supervision Agency

    Slovenia Insurance Supervision Agency warns that 80 percent of Slovenian homes are not insured against earthquakes

    The Slovenia Insurance Supervision Agency issued consumer guidance highlighting that approximately 80% of homes in Slovenia lack earthquake insurance. The agency advises homeowners to consider earthquakes a significant risk and secure appropriate coverage, as it is not typically included in basic home insurance. It also recommends that owners in multi-unit buildings verify their building's policy for earthquake coverage.

    SupervisionAlertsOther
  • 2025-03-17PeruSuperintendencia de Banca, Seguros y AFP del Peru

    Peru's Superintendency of Banking, Insurance and Private Pension Funds reports OECD accession review cleared its financial consumer protection and education framework with no observations

    Peru's Superintendency of Banking, Insurance and Private Pension Funds (SBS) announced the satisfactory conclusion of the OECD sectoral assessment for Peru's OECD accession, with no observations. Recommendations were issued to enhance alignment with international standards. SBS highlighted financial inclusion trends, including significant growth in service points and correspondent agents, and ongoing regulatory adaptation.

    Policy & regulationPeer reviews and country evaluationsFinancial literacy and education
  • 2025-03-17Hong KongHong Kong Securities & Futures Commission

    Hong Kong Securities and Futures Commission says proposed 2025/2026 remuneration adjustments are pending Board approval

    The Hong Kong Securities and Futures Commission clarified that proposed remuneration adjustments in its 2025/2026 budget are pending SFC Board approval, with no final decision made. The SFC emphasized its prudent financial policy, focusing on new income sources, cost minimization, and efficiency optimization in response to market challenges. The SFC Board regularly reviews market conditions to align regulatory work with financial strategies.

    Institutional developmentOther
  • 2025-03-17KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Kazakhstan's Agency for Regulation and Development of the Financial Market suspends First Heartland Securities securities market licence following the firm’s voluntary application

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan suspended the securities market licence of JSC “First Heartland Securities” following the company's voluntary application. The suspension was ordered by the Deputy Chair on 14 March 2025.

    SupervisionAuthorisations & approvalsSecurities offerings and listings
  • 2025-03-17KazakhstanAgency for Regulation and Development of the Financial Market of the Republic of Kazakhstan

    Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approves Ramil Gafurov as head of a securities market management body

    The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Ramil Ilshadovich Gafurov as head of a management body in the securities market.

    Institutional developmentLeadership change & appointmentsLicence approval
  • 2025-03-17AustraliaReserve Bank of Australia

    Reserve Bank of Australia announces First Nations connection to Country theme for redesigned AUD 5 banknote

    The Reserve Bank of Australia announced that the updated AUD 5 banknote will feature a theme honouring First Nations peoples' connection to Country, replacing the portrait of Queen Elizabeth II with artwork by a First Nations artist, while retaining the Australian Parliament on the reverse side. The theme was selected following a national campaign and emphasizes the diversity and ecological contributions of First Nations communities.

    Policy & regulationImplementation, projects & pilotsOther
  • 2025-03-17CyprusCyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission revises CyTBOR beneficial ownership register system effective 18 March 2025

    The Cyprus Securities and Exchange Commission (CySEC) has updated the online platform for the Cyprus Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements (CyTBOR), effective 18 March 2025. These updates align with the 2025 amending directive on preventing money laundering and terrorist financing. CySEC has also released revised user manuals, updated Q&As, and materials detailing the new functionalities of the CyTBOR.

    Policy & regulationRules & requirementsBeneficial ownership
  • 2025-03-17BulgariaNational Bank of Bulgaria

    National Bank of Bulgaria reports sharp fall in high DSTI mortgage lending after new credit standards took effect

    The National Bank of Bulgaria's review of household lending secured by residential real estate shows a significant reduction in new lending with debt-service-to-income (DSTI) ratios above the 50% cap in Q4 2024. While average loan-to-value (LTV) and maturities remained stable, the share of new loans with DSTI above 50% dropped to 3.1% from 24.6%. The gross stock of these loans reached BGN 27.6bn by end-2024, with a non-performing loan ratio of 1.03%.

    SupervisionReviews, inspections & stress testsCredit riskAsset quality
  • 2025-03-17Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns public about fraudulent China Construction Bank (Asia) websites and internet banking login screens

    The Hong Kong Monetary Authority (HKMA) issued an alert regarding fraudulent websites and internet banking login screens linked to China Construction Bank (Asia) Corporation Limited. The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals should contact the bank and report to the Hong Kong Police Force.

    SupervisionAlertsFraud and scams
  • 2025-03-17Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns public about fraudulent Chong Hing Bank website and internet banking login screen

    The Hong Kong Monetary Authority (HKMA) alerted about a fraudulent website and internet banking login screen linked to Chong Hing Bank Limited. The HKMA reminded the public that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information through such means. It advised affected individuals to contact Chong Hing Bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.

    SupervisionAlertsFraud and scams
  • 2025-03-17Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns public about fraudulent website linked to Bank Julius Baer & Co. Ltd.

    The Hong Kong Monetary Authority (HKMA) issued an alert regarding a fraudulent website linked to Bank Julius Baer & Co. Ltd. The HKMA emphasized that banks will not send SMS or emails with embedded hyperlinks for transactions or request sensitive information through such means. Individuals who have interacted with the fraudulent site are advised to contact the bank and report to the Hong Kong Police Force’s Crime Wing Information Centre.

    SupervisionAlertsFraud and scams
  • 2025-03-17Hong KongHong Kong Monetary Authority

    Hong Kong Monetary Authority warns public about fraudulent Shanghai Commercial Bank website and internet banking login screen

    The Hong Kong Monetary Authority (HKMA) issued an alert regarding a fraudulent website and internet banking login screen linked to Shanghai Commercial Bank Limited. The HKMA emphasized that banks do not send SMS or emails with embedded hyperlinks for transactions or request sensitive information through these channels. Customers who interacted with the fraudulent site are advised to contact the bank and report to the Police.

    SupervisionAlertsFraud and scams
  • 2025-03-17TürkiyeInsurance and Private Pension Regulation and Supervision Agency of Türkiye

    Insurance and Private Pension Regulation and Supervision Agency of Türkiye temporarily suspends Sigortafix Reasürans ve Sigorta Brokerliği’s intermediation activities

    Türkiye’s Insurance and Private Pension Regulation and Supervision Agency has temporarily suspended the brokerage activities of Sigortafix Reasürans ve Sigorta Brokerliği AŞ. The decision was made under Article 1 and Article 32(2) and (4) of Insurance Law No. 5684 and Article 21(3) of the Insurance and Reinsurance Brokers Regulation.

    SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity