Federal Reserve Board issues consent prohibition against former Regions Bank employee over check fraud
The Federal Reserve Board issued a consent prohibition against former Regions Bank employee Elazia Jones over check fraud.
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Ukraine's National Securities and Stock Market Commission approves new personnel approval procedure and industry importance criteria
Ukraine's National Securities and Stock Market Commission approved a new procedure for authorizing senior personnel at professional capital markets participants and set criteria for identifying enterprises important to relevant markets. It also reviewed digitalization legislation and addressed securities registrations, fund charters and other market approvals.
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National Bank of Poland reports wider PLN 9.4 billion current account deficit in June 2026
The National Bank of Poland reported a PLN 9.4 billion current account deficit for June 2026, widening from PLN 1.9 billion a year earlier. Faster import growth deepened the goods trade deficit, while foreign investors’ earnings contributed to a PLN 18.9 billion primary income deficit.
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Egypt's Ministry of Finance calls for expanded BRICS investment, financing and tax cooperation
Egypt's Ministry of Finance called for stronger BRICS mechanisms to mobilize private investment and address development financing gaps. It backed flexible, low-cost financing, enhanced de-risking tools, coordinated domestic revenue mobilization and a shared BRICS tax database.
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Central Bank of the UAE discusses global outlook and financial cooperation at BRICS meeting
The Central Bank of the UAE participated in the BRICS Finance Ministers and Central Bank Governors Meeting, discussing the global economic outlook and financial cooperation. It also met bilaterally with central banks and international financial institutions.
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New York State Department of Financial Services issues guidance and draft regulation implementing health care dispute resolution reforms
The New York State Department of Financial Services issued guidance and a draft regulation implementing reforms to the independent dispute resolution process for out-of-network health care payment disputes. The changes revise covered plans, extend decision timelines and require upfront payment to dispute resolution entities. The law and emergency amendments take effect Aug. 26, 2026.
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New York State Department of Financial Services approves Western Union acquisition of Intermex with three-year remittance protections
The New York State Department of Financial Services approved Western Union’s acquisition of Intermex with three-year protections for remittance access and pricing. Western Union must maintain Intermex’s local footprint and specified country services, cap price increases at inflation, submit regulatory reports and fund an independent compliance audit.
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Bank of Cape Verde reviews international reserve management and diversification strategy
The Bank of Cape Verde outlined how it manages international reserves to support the escudo’s euro peg, prioritizing capital preservation, liquidity and returns. It also reviewed diversification into Chinese currency, sustainable instruments and gold, including the profitable 2022 sale of a USD 63 million gold position acquired in 2020.
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Securities and Exchange Board of India launches consultation on broader accredited investor framework, proposes INR 5 crore securities asset threshold
The Securities and Exchange Board of India is consulting on changes that could expand the accredited investor pool to about 400,000 by adding securities market asset thresholds of INR 5 crore for individuals and INR 20 crore for corporate bodies. It also proposes manager-led accreditation, three-year validity and deemed status for all persons resident outside India. Comments are due by Sept. 3, 2026.
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Vietnam State Securities Commission signs workforce development agreement and launches Go Finance 2026
The Vietnam State Securities Commission and National Economics University signed an agreement covering training, research, financial education and practical market experience. They also launched Go Finance 2026, with the commission providing experts, content guidance and practical competition scenarios.
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Central Bank of Venezuela holds high-level talks with Numisma Bank on financial coordination
The Central Bank of Venezuela held talks with Numisma Bank and other international representatives on financial coordination to support national macroeconomic objectives.
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Central Bank of Ecuador reports USD 2.339 billion first-half goods trade surplus, down 44%
The Central Bank of Ecuador reported a USD 2.339 billion goods trade surplus for the first half of 2026, down 44% year over year. Record exports of USD 19.571 billion rose 4%, while imports climbed 18% to USD 17.232 billion. The June surplus was USD 194 million.
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Financial Superintendence of Colombia reminds supervised entities to apply Express Complaints procedure after earthquake
The Financial Superintendence of Colombia reminded supervised entities to apply the Express Complaints procedure for financial consumers affected by the Aug. 10, 2026, earthquake.
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Bank Negara Malaysia and Securities Commission Malaysia’s Joint Committee on Climate Change issues sustainability reporting guidance and adopts ASEAN Taxonomy
The Joint Committee on Climate Change issued sustainability reporting guidance for banks, insurers and takaful operators, with capacity building beginning in October 2026. It also agreed to base the Malaysia Taxonomy fully on the ASEAN Taxonomy, with a pilot and local implementation tools planned before adoption for reporting in 2028.
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Hong Kong's Securities and Futures Commission obtains six-year director ban over USD 75.46 million fictitious transactions
The Hong Kong Securities and Futures Commission obtained a six-year disqualification order against former National United Resources director Tian Songlin over USD 75.46 million in fictitious fuel oil transactions. Tian admitted fiduciary breaches and facilitating more than HKD 302 million in payments, as well as causing misleading disclosures. The regulator is considering further action against three other respondents who cannot be located.
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Hong Kong Securities and Futures Commission prosecution over alleged failures to comply with investigative notices adjourned to September 17
The Hong Kong Securities and Futures Commission’s prosecution of Oliver Chow Pak Wah was adjourned to September 17, 2026, after he pleaded not guilty to three charges of failing to comply with investigative notices linked to two market manipulation investigations. He was granted HKD 15,000 bail subject to travel, residence and police reporting restrictions.
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Hong Kong Interbank Clearing Limited warns of fraudulent website impersonating FPS buyer protection services
Hong Kong Interbank Clearing Limited has warned of a fraudulent website purporting to offer buyer protection services for Faster Payment System transactions. The company does not provide FPS services directly to individuals or usually contact them proactively and advised the public to report suspected fraud.
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Argentina's Ministry of Finance announces partial easing of dollar lending rules for companies
Argentina's Ministry of Finance announced a partial easing of dollar lending restrictions for companies, while continuing to exclude individuals. Core safeguards on loan-proceeds conversion and banks’ foreign currency exposure to the public sector will remain. The government estimates that banks have capacity to extend an additional USD 5.8 billion in dollar loans.
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Hong Kong Monetary Authority issues alert on fraudulent banking websites, phishing and other scams
The Hong Kong Monetary Authority has warned the public about fraudulent banking websites, login screens, phishing emails and other scams. Customers who disclosed information or made transactions in response should contact their bank and the Hong Kong Police Force.
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Banking Agency of the Federation of Bosnia and Herzegovina publishes preliminary banking system data for June 2026
The Banking Agency of the Federation of Bosnia and Herzegovina released preliminary banking system data as of June 30, 2026, with final figures to follow in its quarterly report.
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Bank of Uganda Maintains Central Bank Rate at 9.75%
The Bank of Uganda maintained the Central Bank Rate (CBR) at 9.75%, citing risks that energy price shocks could broaden despite an improved inflation outlook and resilient growth. Headline inflation is projected at 5.5-6.0% over the next 12 months, while economic growth is forecast at 7.0-7.5% in FY2026/27.
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Mauritius Financial Services Commission establishes stablecoin regime, bars algorithmic and yield-bearing models
The Mauritius Financial Services Commission has established a regulatory regime for stablecoins and will not permit algorithmic or yield-bearing models. Issuers face capital, full reserve-backing, disclosure, audit and five-day par-redemption requirements. Payment use and fiat-pegged issuance may also require Bank of Mauritius approval.
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National Bank of Moldova raises inflation outlook, forecasts return to target band in third quarter 2027
The National Bank of Moldova raised its inflation forecast for almost the entire comparable period and expects inflation to increase through the end of 2026. Inflation is projected to remain above the target band until mid-2027 and return within it in the third quarter of 2027. The bank raised its base rate to 7.5% on Aug. 6 as energy and regulated-price pressures persisted.
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Central Bank of Cyprus reports bank nonperforming exposure ratio unchanged at 1.6% in May
The Central Bank of Cyprus reported that the banking sector’s nonperforming exposure ratio held at 1.6% at the end of May 2026, while provision coverage rose marginally to 63.0%. Restructured credit facilities totaled EUR 0.8 billion, including EUR 0.3 billion still classified as nonperforming.
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Ukraine's National Securities and Stock Market Commission chair outlines personal investment accounts with three-year tax incentive
The National Securities and Stock Market Commission of Ukraine chair outlined proposed personal investment accounts for investing in Ukrainian capital-market instruments, particularly domestic corporate securities. Investment income, dividends and interest would be tax-exempt if funds remain invested for at least three years. The proposal seeks to direct growing retail investment beyond government bonds and into Ukrainian businesses.
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National Securities and Stock Market Commission of Ukraine outlines priorities for virtual asset regulation and tokenization
The National Securities and Stock Market Commission of Ukraine outlined priorities for regulating the country’s established virtual asset market, including provider authorization, user protection and predictable operating rules. Chair Oleksii Semeniuk also called for cooperation on banking and payment access and a legal framework for tokenized real-world and financial assets.
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Central Bank of Estonia publishes monthly balance of payments flash estimate, schedules second-quarter release for September 8
The Central Bank of Estonia published its monthly balance of payments flash estimate, which is based on a smaller data set than the quarterly statistics. Second-quarter 2026 data will follow on September 8, 2026, with the monthly estimates adjusted accordingly.
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Financial Supervisory Authority of Norway finds no basis to change the 2.5% countercyclical capital buffer
The Financial Supervisory Authority of Norway found no basis to change the countercyclical capital buffer, and Norges Bank kept the requirement at 2.5%. High household debt and property valuations remain key vulnerabilities, while banks continue to meet capital requirements despite lower profitability.
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Norges Bank keeps countercyclical capital buffer requirement at 2.5 percent
Norges Bank unanimously kept the countercyclical capital buffer requirement at 2.5 percent. It judged the financial system robust and credit availability sound, while noting geopolitical uncertainty and continued strains among property developers.
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Norges Bank holds policy rate at 4.25%, keeps possible increase on the table
Norges Bank held its policy rate at 4.25% as inflation fell more than expected but remained above target. The committee kept open the possibility of a rate increase and will publish updated forecasts with its Sept. 24, 2026 decision.
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Danish Financial Supervisory Authority identifies shortcomings in fund managers’ PRIIP KID controls and updates guidance
The Danish Financial Supervisory Authority found weaknesses in four fund managers’ procedures for preparing and updating PRIIP KIDs, including unreliable information on expected returns and costs. It updated its guidance to clarify key requirements and areas of uncertainty.
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European Financial Reporting Advisory Group recruits financial reporting Technical Manager in Brussels
The European Financial Reporting Advisory Group is recruiting a Brussels-based Technical Manager to support its IFRS-related analysis and advice to the European Commission. Applicants need at least five years of relevant IFRS experience, and European Economic Area nationality is required.
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UK's Financial Conduct Authority finds uneven T+1 readiness and plans increasingly intrusive supervision
The UK's Financial Conduct Authority found that most market participants are progressing toward T+1 settlement on Oct. 11, 2027, but some firms, particularly in the buy-side sector, remain considerably behind. Participants must advance implementation and testing, while third-party providers should immediately share finalized transition plans with clients. The FCA plans increasingly intrusive supervision and may act against firms that are inadequately prepared.
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Islamic Development Bank retains S&P AAA rating with stable outlook
S&P affirmed the Islamic Development Bank’s AAA long-term rating with a stable outlook and its A-1 short-term rating. The assessment reflects robust capitalization, strong liquidity, shareholder support, preferred creditor treatment and diversified exposures.
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Bank of Uganda publishes August 2026 macroeconomic indicators data pack
The Bank of Uganda published its August 2026 macroeconomic indicators summary.
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Norwegian Ministry of Finance consults on automated decisions and personal data use in IT development
The Norwegian Ministry of Finance is consulting on proposed provisions governing fully automated decisions and the use of personal data in IT system development and testing.
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Bank of Mauritius confirms four banks remain domestic systemically important
The Bank of Mauritius has confirmed that four banks remain domestic systemically important following its 2026 assessment. The Mauritius Commercial Bank, SBM Bank (Mauritius), Absa Bank (Mauritius) and AfrAsia Bank retain the classification and are subject to the associated capital surcharge framework.
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Central Bank of the UAE outlines legal framework for Islamic finance strategy targeting AED 2.56 trillion in assets by 2031
The Central Bank of the UAE outlined the framework for implementing the UAE Islamic Finance and Halal Industry Strategy 2025-2031, which targets AED 2.56 trillion in local Islamic finance assets by 2031. The UAE has 43 licensed Islamic financial institutions, with Islamic bank assets of AED 1.4 trillion as of June 2026, supported by more than 280 regulatory standards and resolutions.
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Bank for International Settlements' Financial Stability Institute finds only eight of 43 authorities have fully integrated supervision systems
The Bank for International Settlements' Financial Stability Institute found that only eight of 43 surveyed authorities had fully integrated supervision systems, while 15 had partial integration. Integrated platforms can improve information access, workflows and AI adoption, but authorities must address legacy technology, data quality, organizational change and vendor risks.
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National Bank of Serbia Holds Key Policy Rate at 5.75%
The National Bank of Serbia (NBS) held its key policy rate at 5.75%, with deposit and lending facility rates unchanged at 4.5% and 7.0%, respectively. Annual inflation fell to 1.9% in July and is expected to remain within the 3±1.5% target band, while second-quarter real gross domestic product growth accelerated to 3.6% year on year.
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European Central Bank survey finds cash acceptance at 92%, mobile payment acceptance rises to 68%
The European Central Bank found that 92% of euro area companies with physical payment locations accept cash, while mobile payment acceptance rose from 36% in 2024 to 68% in 2026. Of current cash acceptors, 92% expect to continue for the next five years, although access to cash services and cash availability at self-checkout terminals remain constraints.
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European Central Bank finds cash acceptance rebounds to 92% among euro area companies
The European Central Bank found that cash remains the euro area's most widely accepted payment method, with acceptance among companies at physical locations rising to 92% from 90% in 2024. Card acceptance held at 88%, while mobile payment acceptance increased sharply to 68% from 36%.
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Kenya Capital Markets Authority grants intermediary service platform provider licence to Rubiani Capital
The Kenya Capital Markets Authority has licensed Rubiani Capital Limited as an intermediary service platform provider. Its non-custodial platform facilitates access to regulated third-party investment products, while licensed intermediaries retain responsibility for execution, asset management and custody.
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Taiwan's Financial Supervisory Commission reports nearly 30% rise in financial Employment Gold Card approvals following eligibility expansion
Taiwan's Financial Supervisory Commission reported 92 financial-field Employment Gold Card approvals in the first half of 2026, nearly 30% more than a year earlier. The increase followed an eligibility expansion covering asset management, including multi-family offices.
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Central Bank of the Republic of Azerbaijan reports two candidates passed insurance intermediary assessment
The Central Bank of the Republic of Azerbaijan reported that two candidates passed its insurance intermediary qualification assessment, scoring 78 and 80 points. The passing threshold is 70 correct answers.
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National Bank of Moldova launches first mentorship program for careers in public finance and banking
The National Bank of Moldova launched an eight-week mentorship program for young people interested in careers in public finance, banking and investment. About 20 participants will be selected for the autumn 2026 program and paired with women leaders from the public and private financial sectors.
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Moldova's Ministry of Finance outlines government-approved foreign exchange liberalization with EUR 100,000 authorization threshold
Moldova's government approved draft amendments partially liberalizing capital-related foreign exchange operations. The authorization-free threshold for certain transactions would rise from EUR 10,000 to EUR 100,000 and then to EUR 250,000 from Jan. 1, 2028, alongside simplified procedures for external borrowing and overseas accounts.
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Capital Markets Board of Türkiye adopts social and sustainability-linked instrument guidelines, cuts issuance fees by 50%
The Capital Markets Board of Türkiye adopted guidelines enabling social and sustainability-linked capital market instruments. The frameworks set disclosure, reporting, target-setting and external verification standards based on international principles. Issuances under the guidelines will receive a 50% reduction in board fees.
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Reserve Bank of Fiji unveils new Fiji Innovation Hub space and adds two partners
The Reserve Bank of Fiji unveiled a dedicated space for the Fiji Innovation Hub to connect entrepreneurs and startups with financial, government, industry and development partners. The Ministry of Policing and Communications and the Fiji Development Bank also joined as sponsors for the Hub’s second-year activities.
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De Nederlandsche Bank finds takeaway and delivery meals now exceed 3% of household consumption and remain an elevated inflation driver
De Nederlandsche Bank found that takeaway and delivery meals now account for more than 3% of Dutch household consumption, up from about 1.6% in 2015. Their inflation contribution has eased from 0.35 percentage point in 2023 to 0.13 percentage point but remains above pre-2020 levels.
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Norges Bank Holds Policy Rate at 4.25%
Norges Bank held the policy rate at 4.25% in August, citing above-target inflation and the continued need for a restrictive stance. It said a further increase may be necessary depending on economic developments, with new forecasts due in September.
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South Korea Financial Intelligence Unit and Financial Supervisory Service overhaul virtual asset provider reporting manual ahead of August 20 regime
The South Korea Financial Intelligence Unit and Financial Supervisory Service revised the virtual asset provider reporting manual to implement enhanced screening of major shareholders, financial condition and compliance systems from Aug. 20. Major shareholder and compliance-system changes will require 30 days’ advance notification, while the manual also sets operational standards for anti-money laundering staffing, domestic IT infrastructure and noncustodial wallets. Existing registered providers must file under the amended framework by Nov. 20.
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Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan details mandatory cybersecurity requirements for all financial market participants
Kazakhstan’s financial regulator detailed mandatory minimum information security requirements applying to all financial market participants since July 12, 2026, with stricter controls for banks. Compliance is monitored through reporting and supervisory reviews, while consumers are urged to verify suspicious requests through official channels.
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Central Bank of Syria opens online applications for withdrawal of old Syrian currency
The Central Bank of Syria has opened online applications for individuals to surrender old Syrian currency and receive the equivalent value in new currency through a bank transfer free of charges. Each eligible applicant may submit one request, with no limit on the number or denominations of banknotes, while in-person withdrawal channels remain available nationwide.
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Central Bank of the Philippines signs recycling agreement for Manila and Quezon City facilities
The Central Bank of the Philippines signed an agreement with Berdeng Kalabaw to collect recyclable waste and report landfill diversion at facilities in Manila and Quezon City. The central bank aims to extend the model to its regional offices and branches through local partnerships.
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Australian Securities and Investments Commission reports Federal Court findings against McPherson’s and former CEO over delayed profit forecast correction
The Federal Court found McPherson’s breached continuous disclosure laws and misled investors by delaying correction of an unsupported profit forecast for nearly three weeks. Its former CEO and managing director, Laurence McAllister, also breached his duty of care and diligence, with penalties and other relief to be determined.
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South Korea Financial Services Commission expands housing finance support to KRW 47.8 trillion plus additional funding while tightening speculative lending controls
The South Korea Financial Services Commission increased housing finance support from KRW 26.3 trillion to KRW 47.8 trillion plus additional funding, including larger PF guarantees and recovery funds for stalled projects. It also tightened rental deposit loan, debt service ratio and mortgage capital rules while introducing targeted support for young people and owner-occupiers. The 2026 household debt growth target will rise from 1.5% to around 3%, with the added capacity reserved for policy purposes.
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Reserve Bank of New Zealand survey finds 89% positive relationship rating but weaker broader consultation scores
The Reserve Bank of New Zealand’s 2026 survey found that 89% of regulated-entity respondents rated their relationship with it positively, while 80% approved of prudential policy consultations. Broader consultation scored lower among deposit takers at 57%, reflecting concerns about communication, planning and the Keeping Cash Local consultation. The central bank plans to improve its engagement and work with banks on a voluntary cash solution.
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Reserve Bank of New Zealand outlines prudential priorities and forthcoming payments and banking work
The Reserve Bank of New Zealand outlined prudential priorities focused on risk-based regulation, forward-looking system oversight and evidence-backed supervision. The approach will guide deposit-taker and insurance reforms, with firms expected to demonstrate compliance. An issues paper on payments modernization is due later in August, followed by work on the future of banking in September.
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Maldives Monetary Authority consults on two draft regulations implementing the Insurance Act
The Maldives Monetary Authority is consulting on two draft regulations implementing the Insurance Act. They cover risks situated in the Maldives, exceptions involving entities other than licensed insurers and other general provisions, with comments due by 1 p.m. on Aug. 18, 2026.
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Reserve Bank of Australia assesses monetary policy as somewhat restrictive after three cash rate increases
Reserve Bank of Australia Assistant Governor Christopher Kent assessed monetary policy as somewhat restrictive, with three cash rate increases lifting borrowing costs, slowing housing activity and contributing to a roughly 5% trade-weighted appreciation of the Australian dollar. Housing weakness may be adding to restraint, while global AI investment and higher overseas bond yields may make Australian financial conditions less restrictive.
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Australian Securities and Investments Commission identifies product governance and disclosure failings in review of nine online investment providers
The Australian Securities and Investments Commission identified target market, onboarding and disclosure shortcomings in a review of nine providers offering complex or high-risk products to retail investors. Five entities have improved their practices, two paused options onboarding for remediation and one exited Australia. ASIC is considering further action and has issued new investor guidance.
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Central Bank of Venezuela reports 19.9% monthly inflation in July following earthquake disruption
The Central Bank of Venezuela reported monthly inflation of 19.9% in July 2026, driven by earthquake-related disruption to goods distribution, and projected a decline in August following slower exchange-rate growth.
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Central Bank of Uruguay finds widespread AI use in regional central bank communications, will host 2027 meeting
The Central Bank of Uruguay found that all South American central banks covered by its review routinely use AI in some communications tasks, with privacy and information security their unanimous main concern. Regional authorities also reviewed financial conditions and payment trends, including a 345% rise in retail payments per adult from 2018 to 2025. Uruguay will host the next meeting in 2027.
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Central Bank of Nicaragua reports 49.2% rise in payment system transaction volumes in first quarter of 2026
The Central Bank of Nicaragua reported that payment systems processed 4.5 million transactions worth NIO 790.18 billion in the first quarter of 2026, up 49.2% in volume and 30.6% in value from a year earlier. Transactions across bank and financial technology payment channels reached 93.8 million and about NIO 1.1 trillion, led by 41.8% volume growth through remote channels. Cash in circulation rose 18.6% to NIO 68 billion.
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National Association of Insurance Commissioners accredits four insurance regulatory departments
The National Association of Insurance Commissioners accredited the insurance regulatory departments in Arkansas, the District of Columbia, Indiana and Michigan. Accreditation confirms compliance with baseline solvency oversight standards and is subject to full reviews at least every five years and annual interim reviews.
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Philippine Securities and Exchange Commission clears Arthaland preferred share offer of up to PHP 3 billion
The Philippine Securities and Exchange Commission cleared Arthaland’s preferred share offering of up to PHP 3 billion, subject to remaining requirements. The company expects net proceeds of about PHP 2.96 billion to fund a property project, partially redeem Series D preferred shares and support general corporate purposes.
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Egypt's Ministry of Finance calls for stronger emerging-market influence and expanded low-cost development financing
Egyptian Finance Minister Ahmed Kouchouk called for greater emerging-market influence over the global financial system and a larger multilateral development bank role in providing low-cost financing. At a BRICS session, he also advocated technology-led structural reforms and stronger trade and investment ties across the Global South.
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Brazil Securities Commission begins US mission with meetings planned across regulators and exchanges
The Brazil Securities Commission has begun an official mission to the United States. Meetings are planned with the SEC, CFTC, Inter-American Development Bank, NYSE and Nasdaq, although no specific policy topics were disclosed.
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Central Bank of the Dominican Republic invites bids for external audit services covering 2026 to 2028
The Central Bank of the Dominican Republic is seeking external audit services for 2026 to 2028, covering its financial statements and those of two funds. The work will also assess the effectiveness of its anti-money laundering and counterterrorist financing compliance program, with bids due Sept. 28, 2026.
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Bank of Central African States launches SYSTAC 2 regional retail payments platform
The Bank of Central African States launched SYSTAC 2 on Aug. 3, 2026, replacing its regional retail payments platform in use since 2007. The centralized, ISO 20022-based system supports automated clearing and dispute management, while instant payments will be added later. The new SYGMA V10 real-time gross settlement system is scheduled to follow in the coming weeks.
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Caribbean Financial Action Task Force publishes asset tracing article focused on three core pillars
The Caribbean Financial Action Task Force has published an article on asset tracing, centered on financial investigations, cooperation and timely access to information. It emphasizes early tracing, effective information sharing and proportionate safeguards when authorities seek criminal property or property of corresponding value.
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Bank of Albania schedules off-the-record presentation of third-quarter 2026 Monetary Policy Report
The Bank of Albania will hold an off-the-record presentation of its third-quarter 2026 Monetary Policy Report for economic journalists at 10:30 a.m. on Aug. 13.
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New York State Department of Financial Services joins $15.5 million multistate settlement with NewRez over improper force-placed insurance charges
The New York State Department of Financial Services joined a USD 15.5 million multistate settlement with NewRez over improper force-placed insurance charges affecting more than 4,200 borrowers. NewRez returned USD 409,026 to affected New Yorkers, will pay a USD 602,226 state penalty and must strengthen its controls and monitoring.
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National Bank of Serbia reports inflation slowed to 1.9% in July as food prices fell
The National Bank of Serbia reported that annual inflation slowed to 1.9% in July as lower fruit and vegetable prices pushed consumer prices down 0.2% from June. Core inflation remained at 4.5%, while energy prices increased 9.3% year on year.
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European Financial Reporting Advisory Group welcomes three IFRS Foundation leadership appointments
The European Financial Reporting Advisory Group welcomed Steven Maijoor, Sam Woods and Laura Forzani to senior IFRS Foundation and International Accounting Standards Board roles. EFRAG plans to continue cooperation on accounting standards and corporate reporting.
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U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member questions administration’s 17-month pause in regular Russia sanctions
U.S. senators Elizabeth Warren and Chris Coons asked the administration to explain its 17-month pause in regular, targeted Russia sanctions despite stalled peace talks. They estimate that more than 1,000 companies, individuals and vessels supporting Russia’s military industrial base are likely operating without U.S. sanctions and requested a response by August 28, 2026.
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Payments Canada panel discusses strategy for 24/7 real-time payments
A Payments Canada panel examined the strategic implications of Canada’s move to 24/7 real-time payments, including product development, liquidity and competitiveness.
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Panama Superintendency of Banks extends cross-director appointments for two years
The Panama Superintendency of Banks has renewed two cross-director appointments to the boards of Panama’s securities and insurance regulators. The two-year terms begin on Aug. 16, 2026, maintaining coordination among the country’s financial supervisors.
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Portugal's Insurance and Pension Funds Supervisory Authority publishes 2025 overview of financial literacy initiatives
Portugal's Insurance and Pension Funds Supervisory Authority published an overview of its main financial literacy initiatives in 2025.
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Mexico's National Commission for the Protection and Defense of Users of Financial Services flags identity impersonation affecting 11 financial institutions
The commission reported identity impersonation affecting 11 registered financial institutions in July 2026. Unauthorized parties used institutional names, logos and other data to target people seeking credit or financial services.
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Brazil Securities Commission rejects settlement proposal in Ybyrá Capital case involving BRL 4.7 billion capital increase
The Brazil Securities Commission rejected a settlement proposal from three Ybyrá Capital officials facing alleged governance and disclosure violations, including conduct related to a BRL 4.7 billion capital increase. The regulator cited the seriousness of the allegations, insufficient compensation for diffuse harm and limited procedural savings, with the proceeding set to continue.
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Swiss National Bank endorses measures to strengthen too big to fail rules and liquidity preparedness
The Swiss National Bank endorsed proposed measures to strengthen too big to fail regulation, including collateral preparation requirements for systemically important and medium-sized banks seeking central bank liquidity. It also urged broad preparation for the Extended Liquidity Facility from the beginning of 2027 and backed stronger recovery, resolution and crisis-management arrangements.
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European Financial Reporting Advisory Group joins PCAF forum for central banks and financial regulators
The European Financial Reporting Advisory Group has joined the PCAF Engagement Group for Central Banks and Financial Regulators. It will support closer alignment between sustainability reporting frameworks and greenhouse gas accounting methodologies for financial activities.
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European Association of CCP Clearing Houses publishes interview on technology, resilience and the future of clearing
The European Association of CCP Clearing Houses published an interview with FIA executive Jackie Mesa on the future of clearing. Mesa expects greater use of technology and analytics, broader product and market coverage, and continued emphasis on operational resilience and risk management.
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Tanzania Insurance Regulatory Authority receives award for contribution to clean cooking energy dialogue
The Tanzania Insurance Regulatory Authority received an appreciation award for supporting a clean cooking energy dialogue in Zanzibar. It also reiterated its support for youth economic empowerment through innovation, skills and technology.
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Kuwait Capital Markets Authority renews initial approval for Al-Mowazi Capital’s qualified securities broker license
The Kuwait Capital Markets Authority renewed Al-Mowazi Capital’s initial approval for a qualified securities broker license for six months from Aug. 23, 2026. A renewable three-year license will be issued after the company meets the specified requirements and pays the prescribed fee.
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Kuwait Capital Markets Authority renews Al-Sahel Development and Investment Company’s initial approval for a qualified securities broker license
The Kuwait Capital Markets Authority renewed Al-Sahel Development and Investment Company’s initial approval for a qualified securities broker license for six months from Aug. 23, 2026. A renewable three-year license will be issued once the company completes the authority’s requirements and pays the prescribed fee.
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Commodity Futures Trading Commission issues advisory after identifying deficiencies in prediction market incentive program filings
The Commodity Futures Trading Commission issued guidance after identifying recurring deficiencies in self-certifications for prediction market incentive programs. Designated contract markets must fully disclose program terms, submit material changes as new filings and address risks involving abusive trading, unequal access, conflicts and competition. The regulator recommended reviewing existing programs and filing applicable revisions by September 14, 2026.
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National Association of Insurance Commissioners president outlines AI oversight, private credit and catastrophe risk priorities
National Association of Insurance Commissioners President Scott White outlined ongoing reforms covering AI, private credit and catastrophe risk. Work includes a 12-state pilot of an AI Risk Evaluation Supplement, stronger oversight of third-party data and model vendors, and enhanced scrutiny of insurers’ investment portfolios. The NAIC is also expanding data and analytical tools for homeowners insurance markets.
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Securities and Exchange Board of India lowers Z-score threshold from 10 to 5 for commodity derivatives stress tests
The Securities and Exchange Board of India has lowered the Z-score threshold used in commodity derivatives stress tests from 10 to 5 with immediate effect. Movements exceeding the new threshold will be replaced when calculating peak historical return scenarios for clearing corporations’ Core Settlement Guarantee Funds.
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Reserve Bank of India launches consultation on harmonized interest rate rules for fixed and floating rate loans
The Reserve Bank of India is consulting on harmonized, principles-based interest rate rules for fixed and floating rate loans across all regulated entities. The proposal addresses divergent benchmark practices and limited fixed rate loan requirements. Comments are due by Sept. 11, 2026, after which final directions will be issued separately for each category of entity.
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Securities and Exchange Commission of Central Africa seeks contributions on regional market development and investor protection
The Securities and Exchange Commission of Central Africa is seeking articles on regional market development, governance, savings mobilization and investor protection for the second issue of Les Échos du Régulateur. Contributions of up to 2,000 words are due by Sept. 15, 2026, with final editorial decisions scheduled for Sept. 30.
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Vietnam State Securities Commission awards VND 1.49 billion network connectivity contract for 2026 to 2029
The Vietnam State Securities Commission awarded Vietnam Posts and Telecommunications Group a VND 1.495 billion contract for leased-line internet and wireless network transmission services. The lump-sum contract will run for 42 months from its effective date and covers 2026-2029.
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People's Bank of China maintains moderately loose policy, prepares stronger countercyclical support
The People's Bank of China will maintain a moderately loose monetary policy and strengthen countercyclical support while keeping liquidity ample and financing conditions relatively loose. First-half measures included a 25-basis-point reduction in structural tool rates and a CNY 1 trillion relending facility for private enterprises. The central bank will prioritize domestic demand, technological innovation and small businesses while guarding against excessive exchange-rate movements and systemic financial risks.
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People’s Bank of China reviews 2026 policy easing, structural lending expansion and renminbi market measures
The People’s Bank of China reviewed its 2026 policy actions through July 4, including a 0.25 percentage-point cut in relending rates and major increases in structural lending quotas. It also expanded support for private businesses, technology and green projects while developing cross-border renminbi liquidity and clearing arrangements. Loan prime rates remained unchanged through June.
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Kenya Capital Markets Authority approves four intermediary licence applications, including broker-dealer upgrade
The Kenya Capital Markets Authority approved four intermediary licence applications covering broker-dealer, fund management, investment advisory and corporate trustee services. The approvals include Kestrel Capital’s upgrade from stockbroker to broker-dealer and new licences for Hass Crest Capital, Livonna Advisory Partners and Liaison Wealth.
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Angola Capital Markets Commission holds capital markets fundamentals workshop for university students
The Angola Capital Markets Commission held a capital markets fundamentals workshop for Gregório Semedo University students. It covered the national financial system, saving and investing, market instruments and participants, and the commission’s regulatory and supervisory role.
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Bank of Ghana intensifies action against unlicensed digital lenders and calls for stronger bank due diligence
The Bank of Ghana has begun publishing weekly lists of unlicensed digital lenders and urged banks to verify providers’ licensing status before doing business with them. It also called for stronger controls over dud cheques and more tailored agricultural, diaspora savings and investment products. The governor reiterated the July 2026 decision to hold the policy rate at 14%.
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Securities Commission Malaysia obtains High Court leave to pursue committal proceedings over consent judgment breach
Securities Commission Malaysia obtained High Court leave to commence committal proceedings against Tan Bee Geok. The regulator alleges that she breached a five-year prohibition on directing or managing public listed companies and their subsidiaries.