The Seychelles Financial Services Authority issued a scam alert regarding the website atlascopytrade.com, falsely claiming to be regulated by the Authority under licence number SD018. The Authority confirmed that the entity is not licensed or regulated by them and urged the public to verify entities before engaging in financial transactions.
The Seychelles Financial Services Authority announced that Kayser Limited and Mr. Evros Evripidou have surrendered their Securities Dealer Licences under Section 30(1) of the Financial Services Authority Act, 2013, effective 31 December 2024.
The Uganda Insurance Regulatory Authority has issued Directives on Medical Insurance Claims to standardize claims processing for licensed insurers and regulated health membership organizations, effective 30 January 2025. Key requirements include a 30-working-day claims settlement period, mandatory submission of service level agreements for review, and adherence to International Classification of Diseases codes. The directives also outline procedures for pre-authorizations, claim vetting, and reconciliation.
The Thailand Securities and Exchange Commission updated Clover Power Public Company Limited’s bondholders' meeting on 8 January 2025, regarding CV251A bonds. Bondholders will vote on extending redemption maturity, adjusting the interest rate, and making a partial principal repayment. The agenda includes waiving certain default-related provisions, with Dao Securities (Thailand) Public Company Limited analyzing the implications.
The State Bank of Vietnam's 2025 priorities for Deposit Insurance of Vietnam include digital transformation, enhanced inspections, and amending the deposit insurance framework. The agenda involves revising the Deposit Insurance Law, improving communication with rural depositors, and boosting financial capacity through investment and increased charter capital. A data-sharing agreement with the National Credit Information Centre of Vietnam was also signed.
The State Bank of Vietnam, following the Prime Minister's directive for Lunar New Year 2025, will ensure smooth monetary services through flexible policy and expansionary fiscal measures. It will guide credit institutions to prioritize growth sectors, control risky credit, ensure cash supply, enhance foreign exchange services, maintain payment system safety, focus on electronic payments, and strengthen cybersecurity and bank supervision.
The State Bank of Vietnam has issued guidance for a lending programme under Government Resolution 33, allowing nine commercial banks to exclude loans to eligible borrowers from their annual credit growth targets. This exclusion applies to registered programme lending, totaling VND 145 trillion, and is available through 2030. Participating banks must adhere to programme commitments, including preferential interest rates and timely disbursements.
Senator Tim Scott will be the first Black chair of a Senate standing committee, leading the U.S. Senate Committee on Banking, Housing and Urban Affairs in the 119th Congress. He plans to focus on his "Opportunity Agenda" and collaborate with President Trump, while also chairing the National Republican Senatorial Committee. Republican members include Mike Crapo, Mike Rounds, Thom Tillis, John Kennedy, Bill Hagerty, Cynthia Lummis, Katie Britt, Pete Ricketts, Jim Banks, Kevin Cramer, Bernie Moreno, and Dave McCormick.
The Federal Deposit Insurance Corporation (FDIC) released its list of state nonmember banks evaluated for Community Reinvestment Act (CRA) compliance, detailing ratings assigned in October 2024. The CRA mandates the FDIC to assess banks' efforts in meeting community credit needs, with public disclosure of evaluations required by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989.
The Chile Financial Market Commission sanctioned two private investment fund managers for failing to meet quarterly disclosure obligations, violating General Rules Nos. 364 and 475. Fines of UF 135 and UF 150 were imposed on Administradora de Proyectos Inmobiliarios S.A. and Administradora de Fondos de Inversión Privados Cabo Negro S.A., respectively. Investigations were conducted under a simplified sanctioning procedure allowing admission of responsibility.
Chile's Financial Market Commission sanctioned 42 Issuers of Publicly Offered Securities for failing to submit financial statements on time, as required by General Rule No. 30. The enforcement measures included 31 censures and 11 fines, with penalties ranging from UF 100 to UF 375. The simplified sanctioning procedure under Decree Law No. 3,538 allowed for admission of responsibility by the sanctioned parties.
The Federal Reserve Board released a FEDS Note detailing a method to estimate banks' operational risk exposure to third-party payment platforms for Fedwire transactions. The analysis uses network techniques to assess how disruptions, such as cyber events, could affect payment activities beyond direct customers. The study also explores correlations between bank assets and payment activities, suggesting notable second-order impacts in the payment network.
The China Securities Regulatory Commission has released draft amendments to reform the STAR Market's issuance and underwriting framework. The proposal includes a pilot for higher placement allocations to offline institutional investors in IPOs of unprofitable issuers with higher lock-up ratios and periods. It authorizes exchanges to set detailed requirements for allocations and aligns provisions with updates to the Company Law and Interim Measures on Share Reductions by Shareholders of Listed Companies.
The Argentina Securities Commission (CNV) issued General Resolution No. 1044, amending requirements for the distribution and use of real-time market data to ensure equal access for all capital market participants. The framework permits agreements for data redistribution by member agents and clarifies that disputes over data use are to be resolved privately.
The Argentina Securities Commission (CNV) now allows certain CNV-registered entities and authorized financial institutions to record real estate purchase and sale agreements as an ancillary activity, with prior CNV notification. This includes Agents of Registration and Payment, clearing houses, markets, Central Securities Depositary Agents, and financial institutions under Law No 21.526. The rule aims to promote a mortgage credit market and applies to contracts for units under horizontal property or land subdivision regimes where possession is not yet possible.
The Argentina Securities Commission (CNV) updated the framework for trading venues, clearing houses, and the central securities depository agent, reintroducing the Custody, Registry and Payment Agent (ACRYP) category. The regulation implements Decree No. 1124/2024 for bills of exchange and stock market promissory notes, allowing interest linked to financial parameters. It also increases the minimum net worth requirement for ADCVN and ACRYPs and amends rules on trading and custody of various financial instruments.
Taiwan's Financial Services Commission has reorganized its senior management, appointing Tse-hua Hu as Director-General of the Department of Development and Innovation and Hsi-sheng Lin as Director-General of the Department of Planning. Lin was formerly Deputy Director-General of Planning. The changes were approved by the Executive Yuan and took effect on 1 January 2025.
The Saudi Central Bank (SAMA) has received ISO 45001 and ISO 14001 certifications for its Occupational Health and Safety Management System and Environment Management System, respectively. These certifications demonstrate SAMA's adherence to international standards in safety, health, and environmental management. SAMA plans to enhance its environmental responsibility and sustainability efforts further.
The Central Bank of Colombia has released a draft regulation for public comment, proposing a "scheme of pecuniary consequences" for delays and non-compliance. The consultation aligns with Colombia’s Administrative Procedure and Contentious Administrative Code.
In November 2024, the Central Bank of Cyprus reported a EUR 191.6 million increase in total deposits by monetary financial institutions, maintaining a 5.4% annual growth rate, with outstanding deposits at EUR 54.8 billion. Total loans decreased by EUR 1.8 million, with annual loan growth slowing to 1.9%, and outstanding loans at EUR 24.9 billion. Deposits by Cyprus residents rose by EUR 155.9 million, while loans to residents fell by EUR 9.5 million, driven by a decline in lending to non-financial corporations.
The Hong Kong Insurance Authority announced a US$35 million catastrophe bond by Taiping Reinsurance through Silk Road Re, covering U.S. storms and Mainland China earthquakes for three years. This is the sixth insurance-linked security (ILS) issued in Hong Kong and the first linked to multiple perils. Since 2021, Hong Kong's regulatory regime and pilot grant scheme have facilitated ILS issuances totaling US$748 million.
The Tanzania Insurance Regulatory Authority reviewed 2024 achievements, highlighting new regulatory guidance, product innovations like Shariah-compliant Takaful, and expanded oversight under the Universal Health Insurance Act. Key updates include guidelines on insurance products, auditor roles, and fee calculations, focusing on timely claims payments and public asset insurance. The 2023 market report noted a 7.4% rise in gross premiums to TZS 1.24 trillion and a 25.5% increase in claims paid to TZS 488.2 billion.
The Central Bank of Latvia has granted an electronic money institution operating licence to SIA Paytegra, allowing it to issue electronic money and offer payment instruments. The bank highlighted its licensing roadmaps detailing the authorisation process and urged firms to engage in pre-licensing consultations for regulatory guidance and compliance assessment.
The Central Bank of Latvia has granted an electronic money institution operating licence to SIA Paytegra, allowing it to issue electronic money and offer payment instruments. The central bank emphasizes the importance of its licensing roadmaps and pre-licensing consultations to guide applicants through the process and improve application quality.
The National Bank of the Republic of North Macedonia reported a continued shift toward digital payment channels in Q3 2024, with significant increases in card and mobile payment usage. Card transactions in domestic commerce rose by 10.2% in number and 13.6% in value, driven by e-commerce and POS payments. Mobile payment applications accounted for 65% of electronically initiated payment orders, with transaction numbers up 50.2%.
The National Association of Insurance Commissioners released a consumer explainer on differences between actual cash value (ACV) and replacement cost value (RCV) in homeowners insurance. ACV pays based on depreciated value, potentially leaving policyholders short, while RCV covers repair or replacement with similar materials, excluding market value. An example shows RCV pays full repair cost minus the deductible, whereas ACV reduces the payout further based on depreciation.
The Bank of Lithuania's November 2024 statistics show a rise in Lithuanian resident deposits and lending by credit institutions, alongside a decrease in interest rates for new household borrowing and term deposits. Resident deposits increased by EUR 1,158.8 million, while loans grew by EUR 351.0 million, with notable growth in household and non-financial corporation sectors. Interest rates on new household loans fell to 5.74%, and rates on new household deposits decreased to 2.81%.
The Federal Housing Finance Agency and the U.S. Treasury amended the Preferred Stock Purchase Agreements for Fannie Mae and Freddie Mac, enhancing flexibility and clarifying FHFA capital requirements. Amendments remove suspended provisions, reinstate Treasury's consent right for conservatorship termination, and outline a process for exploring termination options beyond receivership. A side letter details steps for public input and market impact analysis before seeking Treasury consent.
The Hong Kong Securities and Futures Commission (SFC) secured the first conviction of a Hong Kong practising solicitor, Mr Tse Yin Fung, for breaching the secrecy provision under the Securities and Futures Ordinance. Tse pleaded guilty to disclosing confidential information and was fined HKD 25,000, with additional orders to pay the SFC’s investigation costs. The breach was identified during SFC investigations into suspected ramp-and-dump cases.
The Australian Prudential Regulation Authority released its Monthly Authorised Deposit-taking Institution Statistics for November 2024, accessible on the APRA website.
The Philippines Department of Finance reported that the Land Bank and Development Bank of the Philippines exceed the Bangko Sentral ng Pilipinas' 10% regulatory threshold with Capital Adequacy Ratios of 16.42% and 14.78%, respectively. The department is advocating for Congressional approval of charter amendments to allow these banks to access private capital and streamline bond issuance processes, enhancing their financial standing and reducing reliance on government support.
The Isle of Man Financial Services Authority has opened the AML/CFT Annual Statistical Return for 2024, requiring completion via the STRIX portal by 31 March 2025. This data collection supports risk-based supervision and the Island's third National Risk Assessment. Updated Return Guidance, a "living document," will be maintained throughout 2025, with dedicated supervisory staff available for assistance.
The Isle of Man Financial Services Authority issued a warning regarding the website ipswltd.com, which falsely claims to represent "Island Private Swift Ltd" and offers financial services from the Isle of Man. The Authority confirmed no association with any legitimate Isle of Man business and noted the company is not licensed or registered. The website's activities may be fraudulent, potentially targeting users for identity theft.
The Isle of Man Financial Services Authority has de-registered Neon Solutions Limited under the Designated Businesses (Registration & Oversight) Act 2015, effective 2 January 2025.
The Hong Kong Monetary Authority (HKMA) issued an alert regarding phishing messages linked to Welab Bank Limited. The HKMA emphasized that banks will not send messages with embedded hyperlinks for transactions or request sensitive information via phone, email, or SMS. Affected individuals are advised to contact Welab Bank and report to the Hong Kong Police Force.
The Hong Kong Monetary Authority, with major banks, announced arrangements for exchanging new and good-as-new notes from 14 to 28 January for Chinese New Year. The HKMA also promoted electronic channels for lai-see, including the Faster Payment System and e-wallet services, with banks expected to offer promotions. Measures include extended branch hours, online booking for notes, and crowd-management strategies.
The Reserve Bank of India has designated the State Bank of India as the lead bank for the newly established Meluri district in Nagaland, with district working code 02R. Lead bank assignments for other districts in Nagaland remain unchanged.
The Thailand Office of Insurance Commission (OIC) has deployed officials to assist with insurance claims after a tour bus crash in Surat Thani province, causing five deaths and 22 injuries. The OIC confirmed coverage and initiated urgent loss tracking via its electronic reporting platform, providing on-site support to affected families.
The Brazil Securities Commission's Superintendence of Supervision of Institutional Investors has updated guidance on onboarding data and CPF tax identifiers for non-resident investors exempt from CVM registration under Resolution 13. The update clarifies that non-resident natural persons, including those in collective accounts, do not require CVM registration or authorization to operate. A joint CVM and B3 workshop on the project is postponed to February 2025.
The Brazil Securities Commission (CVM) issued Ordinance CVM 138, appointing 60 candidates from its 2024 recruitment process to CVM Analyst and Inspector roles. The ordinance specifies a maximum of 30 days for appointees to take office at their designated locations.
The Monetary Authority of Singapore promotes Fit notes and e-hong baos for Lunar New Year gifting as a sustainable alternative to new notes, with DBS, OCBC, and UOB facilitating exchanges. Fit notes, verified by banknote processing machines, saw a 5% increase in exchanges, saving an estimated 408tCO2e. Banks will enhance access to Fit notes through increased ATMs and improved e-hong bao offerings, with pre-booking and collection details outlined for customers.
The Monetary Authority of Singapore and the National University of Singapore have appointed Professor Atif Mian as the MAS Distinguished Term Professor in Economics and Finance from 2 to 17 January 2025. Professor Mian will deliver a public lecture and engage with NUS faculty and MAS policymakers on topics including inequality, financialisation, and international finance. Established in 2009, the Term Professorship scheme has been awarded to 23 scholars, with the partnership recently extended for another five years.
Bank Negara Malaysia issued the Insurers and Takaful Operators-Repairers Code of Conduct, effective 2 January 2025, setting minimum standards for motor claims settlements. The Code mandates compliance for Panel Repairers and allows voluntary participation for Non-Panel Repairers, requiring an Internal Dispute Resolution process for disputes. A review is scheduled 12 months post-launch to evaluate its effectiveness and consider an External Dispute Resolution process.
The Guernsey Financial Services Commission announced the removal of Abdelhafiz Zlitni from the UN Libya sanctions regime, updating the consolidated list accordingly. Firms must verify accounts or relationships with designated persons, freeze relevant funds, and comply with reporting obligations to the Policy & Resources Committee. Affected firms should notify the Commission and submit a detailed report under Handbook Rule 12.37.
Dato’ Wan Mohd Fadzmi Che Wan Othman Fadzilah has concluded his tenure as chairman of the Labuan Financial Services Authority as of 31 December 2024. The authority will announce a new chairman pending approval from the Ministry of Finance.
The Thailand Securities and Exchange Commission (SEC) has amended its fee regulations, repealing the 20% filing fee reduction for listed companies' annual registration statements. This change reflects the SEC's assessment that the incentive objectives have been met, as most companies already comply with the conditions. Other fee reduction measures remain, including deductions for expenses related to greenhouse gas emissions disclosures.
U.S. Senate Banking Committee's Ranking Member Tim Scott and House Financial Services Vice Chair French Hill have requested a briefing from Treasury Secretary Janet Yellen on a China state-sponsored cybersecurity incident at the Treasury Department. The briefing will cover the responsible Advanced Persistent Threat actor, accessed information, and Treasury's preventive measures. Concerns focus on safeguarding sensitive federal information, including tax data and business ownership details.
The Glasgow Financial Alliance for Net Zero (GFANZ) announced a 2025 strategy shift from developing transition "building blocks" to addressing barriers to large-scale capital mobilization for net zero, emphasizing closing the investment gap. GFANZ will focus on mobilizing finance through public-private partnerships and scaling tools with multilateral development banks, while engaging with governments and regulators to tackle regulatory barriers.
The Glasgow Financial Alliance for Net Zero will shift its focus from developing transition "building blocks" to addressing capital mobilization barriers, emphasizing closing the investment gap for the net-zero transition in emerging markets. It will prioritize public-private partnerships and collaborate with multilateral development banks and governments on regulatory barriers and policy environments, while transitioning to an independent Principals Group led by CEOs.
Sweden's Financial Supervisory Authority has revised the list of questionnaires for insurance undertakings and occupational pension firms.
The Central Bank of Iceland released minutes from the Financial Stability Committee's November and December 2024 meetings, detailing discussions on financial stability risks, countercyclical capital buffer policy, and economic developments, including household and corporate debt, real estate, and global uncertainties.
The Finnish Financial Supervisory Authority (FIN-FSA) outlined its 2025 priorities, emphasizing governance, risk management, and transparency. Key areas include operational preparedness, IT and cyber risks, ESG risks, and supervising new entities like crypto-asset providers. FIN-FSA will address credit risk, money laundering prevention, and compliance in banking, insurance, and capital markets, with thematic work on AI Regulation, the Digital Operational Resilience Act, and sustainability reporting.
The U.S. Department of Justice announced the extradition of Do Hyeong Kwon, co-founder of Terraform Labs, to face federal fraud charges in New York. The indictment alleges schemes to deceive investors and inflate Terraform’s cryptocurrency values, resulting in over USD 40 billion in losses. Kwon faces charges including commodities fraud, securities fraud, and money laundering conspiracy, with potential penalties up to 130 years.
The Central Bank of Iceland released minutes from the Financial Stability Committee meetings in late 2024, detailing discussions on financial stability risks, macroprudential stance, and the countercyclical capital buffer, as well as economic developments, financial institutions' operations, and global uncertainties.
The Chile Financial Market Commission selected six joint research projects from eight academic proposals. Topics include payment card interchange rates, financial education impacts, gender differences in lending, insurance market sales, operational risk losses in banking, and REPO market development. Each project involves a CMF researcher and follows specific publication and collaboration guidelines without financial compensation.
The China Securities Regulatory Commission denied claims that regulators instructed listed companies to release negative news by 15 January and that insurance companies were making large-scale redemptions from public mutual funds. The Commission is investigating the source of these false rumors and plans to address the fabrication and dissemination of stock market misinformation.
The Argentina Securities Commission (CNV) highlighted its first-year achievements under President Roberto E. Silva, focusing on normalizing capital markets, aligning with international standards, and enhancing investor protection. Key developments include establishing the Registry of Virtual Asset Service Providers, issuing 55 General Resolutions, and coordinating with the Ministry of Economy and the Central Bank to ease foreign exchange constraints. CNV aims to support government innovation, remove obstacles, and issue new regulatory frameworks as needed.
The Argentina Securities Commission (CNV) has issued General Resolution No. 1045, extending the implementation of reporting regime changes from General Resolution No. 1033 to 16 January 2025. Resolution No. 1033 revises the information reporting framework for Settlement and Clearing Agents and Trading Agents, affecting client investments with CDI or CIE. It mandates continuous client information updates and due diligence by agents before processing orders on CNV-authorised markets.
The Glasgow Financial Alliance for Net Zero (GFANZ) will shift from developing transition "building blocks" to addressing barriers in mobilizing capital for the net zero transition, emphasizing closing the investment gap. GFANZ will transition to an independent Principals Group to target capital mobilization barriers, prioritizing public-private partnerships and collaboration with multilateral development banks and governments.
The U.S. Securities & Exchange Commission approved a new Public Company Accounting Oversight Board standard to withdraw inactive public accounting firms, ensuring the accuracy of the PCAOB’s register. The process is triggered if a firm fails to file annual reports and pay fees for two consecutive years, with a 60-day period to contest withdrawal. Out of 1,544 registered firms, 80 failed to meet these obligations and did not issue audit reports from January 2021 to August 2024.
The National Bank of Moldova detailed its communication strategy to enhance transparency and support financial stability, focusing on clear messaging to anchor inflation expectations. Objectives include improving public understanding of financial developments, increasing transparency in bank supervision, and promoting cashless payments. The strategy emphasizes two-way engagement, timely decision releases, and regular publication calendars for key reports and meetings.
The National Bank of Moldova issued a Q&A note on foreign exchange rules for individuals and residents, covering exchange locations, rate setting, and authorisation for cross-border cash movements and capital transactions. Licensed banks and exchange units set their own rates, while the official Moldovan leu (MDL) rate is for accounting purposes only. The note outlines cash movement limits, authorisation for transactions above EUR 10,000, and the National Commission for Financial Market's role in consumer protection.
The Australian Prudential Regulation Authority published its Monthly Authorised Deposit-taking Institution Statistics for November 2024, accessible on the APRA website.
SEBI has introduced free tools and educational resources on its investor website and the SEBI Saarthi app to enhance investor awareness and decision-making. Features include a video learning repository, an interactive "Spot a Scam" tool, a "Financial Health Checkup" questionnaire, and 24 financial calculators. The Saarthi app also offers modules on KYC, mutual funds, ETFs, and investor grievance redressal.
The Securities and Exchange Board of India (SEBI) has withdrawn the recognition of Indian Commodity Exchange Limited (ICEX) as a recognized exchange. This follows ICEX's voluntary request to surrender its recognition, with SEBI's order permitting the exit dated December 10, 2024, and the withdrawal notification issued on December 26, 2024.
The Taiwan Financial Services Commission reported November 2024 insurance industry figures, with a combined pre-tax profit of TWD 351.3 billion. Life insurers saw a significant increase in pre-tax profit to TWD 326.3 billion, while non-life insurers reported TWD 25.0 billion. The Taiwan dollar depreciated 5.31% against the US dollar, impacting life insurers' foreign exchange valuation reserve, resulting in a net effect of TWD -267.9 billion from exchange and hedging activities.
The Taiwan Financial Services Commission reported that foreign-currency denominated life insurance products generated new policy premium revenues of approximately TWD 239.814 billion as of end-October 2024, marking a 6% year-on-year increase. Investment-linked products contributed TWD 38.424 billion, a 34% decrease, while traditional insurance products rose 21% to TWD 201.390 billion.
The U.S. Treasury and Federal Housing Finance Agency amended the Preferred Stock Purchase Agreements with Fannie Mae and Freddie Mac to support an orderly release from conservatorship. The amendments restore Treasury's consent rights for release and receivership actions and require public input on market impacts before termination. Technical updates include revised definitions and removal of certain business restrictions, while capital retention and dividend payments remain unchanged.
The Trinidad and Tobago Ministry of Finance has extended the Tax Amnesty and National Insurance Amnesty deadlines from 31 December 2024 to 31 January 2025. The Tax Amnesty waives penalties and interest on taxes, including Individual Income Tax and Corporation Tax, for unpaid amounts up to 31 December 2023. The National Insurance Amnesty applies to interest and penalties on contributions paid before 1 October 2024, with conditions for employers registered before this date.
The ADGM Financial Services Regulatory Authority has updated its regulatory framework to align with the Basel Committee on Banking Supervision’s Core Principles for effective banking supervision. These enhancements, following Consultation Paper No. 10 of 2024, include amendments to the FSRA Regulations, FEES Rules, and related FSRA Rules to simplify, clarify, and correct existing requirements.
The Abu Dhabi Global Market Financial Services Regulatory Authority updated its framework to align with the Basel Committee's Core Principles for effective banking supervision. Following Consultation Paper No. 10 of 2024, these enhancements aim to simplify, clarify, and correct existing requirements based on practical experience. Amendments were made to FSRA Regulations, FSRA Rules, and FEES Rules, with revised texts published.
The National Credit Regulator (NCR) of South Africa issued guidance urging consumers to borrow responsibly post-festive season, highlighting risks of costly borrowing from unregistered credit providers. The guidance, part of the "Spend Wisely/Borrow Wisely" campaign, advises on budgeting, timely debt repayment, and checking credit reports, noting that 20.77 million of the 28.15 million credit-active consumers are struggling with debt repayment.
The Securities and Exchange Commission of Pakistan will adopt IFRS Sustainability Disclosure Standards, including IFRS S1 and IFRS S2, for listed companies starting July 2025. IFRS S1 mandates disclosure of sustainability-related financial risks, while IFRS S2 focuses on climate-related risks. Unlisted licensed public interest companies will be included in 2027, with auditor assurance required from the second year of reporting.
Cyprus’s Ministry of Finance reported that Finance Minister Makis Keravnos met with Central Bank of Cyprus Governor Christodoulos Patsalides.
Germany's BaFin allows cooperative credit institutions not directly supervised by the ECB to classify new member shares as CET1 and repay member capital from terminated shares under a standardised approach. CET1 recognition requires compliance with Articles 28 and 29 of the Capital Requirements Regulation, with repayments limited by a 0.5% threshold relative to end-2024 CET1. Institutions must report newly issued and terminated shares to BaFin and the Deutsche Bundesbank, with the order effective until 31 December 2025.
The Central Bank of Colombia released a working paper analyzing retail payment behavior and the impact of mobile wallets on payment preferences, highlighting regional and individual variations in adoption and use. The study, using spatial econometric models and machine learning, finds that mobile wallets complement traditional payment methods and are influenced by factors such as income, age, gender, and digital connectivity.
The European Central Bank's Macroprudential Bulletin article assesses counterparty credit risk (CCR) from banks' derivatives and securities financing transactions, noting significant concentration in global systemically important and investment banks. Despite CCR being limited to EUR 340 billion or 3.9% of risk-weighted assets, the article warns of potential liquidity strains from margin calls and stresses the importance of granular data and cross-jurisdictional cooperation to monitor interconnectedness. A contagion simulation shows substantial losses, especially for investment banks and asset managers, under system-wide defaults of non-bank financial intermediation counterparties.
The European Central Bank's Macroprudential Bulletin explores non-bank financial intermediation in euro area government bond repo markets, focusing on central clearing's benefits and trade-offs. With 60% already centrally cleared, marginal benefits appear limited. Alternatives like entity-based measures and activity-based tools are also considered, impacting market functioning and monetary policy.
The Reserve Bank of India clarified that the National Bank for Financing Infrastructure and Development (NaBFID) can participate in financial markets as an All-India Financial Institution (AIFI), engaging in credit default swap and repo transactions. This update to the Credit Derivatives Directions and Repurchase Transactions Directions confirms NaBFID's regulation under the Reserve Bank of India Act, 1934. The changes are effective immediately.
The Inter-Governmental Action Group against Money Laundering in West Africa has issued its 2025 technical assistance report, identifying AML/CFT/PF support needs across 17 member states and guiding coordination ahead of the third round of mutual evaluations. The report finds that technical compliance ratings outpace real-world effectiveness and points to common needs in training, equipment, risk assessments, beneficial ownership, virtual assets and enforcement capacity. It is designed to help GIABA and partners target assistance to deficiencies identified in mutual evaluations and national risk assessments.
The Inter Governmental Action Group against Money Laundering in West Africa has issued Nigeria's 2024 third enhanced follow-up report reviewing progress since the August 2021 mutual evaluation report and assigning technical compliance re-ratings where sufficient progress has been shown.
The Inter Governmental Action Group against Money Laundering in West Africa has published Senegal’s sixth enhanced follow-up report on its anti-money laundering and counterterrorist financing technical compliance. The report reviews progress against recommendations considered for re-rating and assigns new ratings where satisfactory progress has been shown.
The Inter Governmental Action Group against Money Laundering in West Africa published Sierra Leone’s fourth enhanced follow-up report reviewing progress on the Financial Action Task Force technical compliance recommendations being re-rated since the December 2020 mutual evaluation.
The Inter Governmental Action Group against Money Laundering in West Africa is recruiting a permanent Senior Law Enforcement Officer at P3/P4 for its Evaluation and Compliance directorate in Dakar, with a 7 March 2025 application deadline. The role centers on mutual evaluations, follow-up reviews, law enforcement capacity building and input into FATF-related standards and GIABA procedures. Applicants must be ECOWAS nationals and meet specified legal qualifications, experience and language requirements.
The Intergovernmental Action Group against Money Laundering in West Africa has invited firms to bid for interpretation and translation services for its African Development Bank-funded AML/CFT capacity-building project in 10 West African transition states. The contract covers English, French and Portuguese support for project events and documents, with at least 12 language experts required. Firms must show AIIC membership and at least four years of relevant experience, and expressions of interest are due by 10 February 2025.
The Inter Governmental Action Group against Money Laundering in West Africa has issued its 2024 mutual evaluation report on Sao Tome and Principe, assessing the country’s AML/CFT framework as of the 12–26 June 2023 on-site visit against the FATF 40 Recommendations and system effectiveness, and including recommendations for improvement.
The Central Bank of the Philippines released Circular No. 1207, amending regulations for banks and non-bank financial institutions regarding eligible counterparties for Bangko Sentral issued securities. The update specifically pertains to trust entities transacting through investment management accounts.
The Central Bank of Iraq has completed its transition of external transfer activities from an electronic platform to Iraqi banks using foreign correspondent banks, aligning with international practices. The Central Bank will continue to support Iraqi banks in enhancing governance, compliance, and anti-money laundering efforts to bolster confidence among international and regional banks.
The Vietnam State Securities Commission has amended Vietnam’s Securities Law under Law No. 56/2024/QH15, effective 1 January 2025, with some requirements deferred to 2026. Key changes include expanding the definition of professional securities investors, adjusting conditions for public offerings, and strengthening public company rules. Amendments also clarify market infrastructure, including establishing a central counterparty in the cash securities market.
The India International Financial Services Centres Authority has issued the International Financial Services Centres Authority (Informal Guidance) Scheme, 2024, effective from 1 January 2025. The scheme outlines a framework for seeking informal guidance, with submission formats available on the IFSCA website.
The Securities and Exchange Regulator of Cambodia (SERC) participated in the 50th IOSCO Annual Meeting in Doha, engaging in discussions on ISSB sustainability disclosure standards, crypto-asset frameworks, and private finance vulnerabilities. The event included an IOSCO-OECD roundtable and sessions on retail investor protection. Egypt was announced as the host for the 51st IOSCO Annual Meeting in 2026.
The Securities and Exchange Regulator of Cambodia's Director General, Sou Socheat, led a delegation to the 43rd ASEAN Capital Markets Forum Chairs' Meeting and the ACMF International Conference 2025 in Vientiane, Lao PDR. The participation was approved by Deputy Prime Minister and Minister of Economy and Finance Aun Porn Moniroth.
The Securities and Exchange Regulator of Cambodia (SERC) has released the list of candidates for the 29th Examination in the Securities Sector. The examination will take place on 9 May 2025 in Phnom Penh.
The Securities and Exchange Regulator of Cambodia has approved ACLEDA Bank Plc’s prospectus, authorizing the bank to offer debt securities to qualified investors under Decision No. 07/25 SERC/SSR.
The Securities and Exchange Regulator of Cambodia officiated the listing of SchneiTec Dynamic Co., Ltd., a special purpose vehicle for a 60MW solar power plant. It approved the issuance of a 15-year green infrastructure bond to qualified investors, aiming to raise KHR 196.64 billion (USD 49.16 million).
The Securities and Exchange Regulator of Cambodia, alongside Royal Group Securities Plc., hosted its inaugural investor forum on "Long Term Investment in Securities Market" for civil servants. The event, held at the Non-Banking Financial Services Authority Building, attracted approximately 100 participants and featured speeches from SERC Director General Sou Socheat and other senior officials.
The Securities and Exchange Regulator of Cambodia supported a training programme on "Intelligence Investment" for professors and students, organized by Acleda Securities Plc with the Cambodia Securities Exchange and other partners. Presided over by SERC Deputy Director Seang Thirith, it covered investment basics, strategies, mutual fund investing, and trading account opening. About 100 participants attended, with speakers from SERC, CSX, Acleda Securities, and Banjaran Asset Management.
The Securities and Exchange Regulator of Cambodia, in partnership with Canadia Securities Co., Ltd., hosted an investor education seminar in Phnom Penh on 20 March 2025. The event, supported by the Cambodia Securities Exchange and De Montfort University Cambodia, was attended by around 70 participants and chaired by SERC Director General Sou Socheat.
The Bank of England released Staff Working Paper No. 1,109, analyzing the impact of monetary policy on inflation expectations in the UK. The study finds that tightening shocks generally lower inflation expectations, with varied responses among households, firms, and financial markets. The paper highlights monetary policy's role in stabilizing inflation expectation dispersion 12–18 months post-shock.
The Philippine SEC has released draft rules to enhance fundraising and investment opportunities while strengthening investor protections. Key areas include oversight of crypto-asset service providers, Philippine Green Equity, seasoned issuer designation, and Sukuk issuance guidelines. The proposals aim to address consumer harms, systemic risks, and support sustainable and Islamic finance.