Thailand's Office of Insurance Commission and the Thai General Insurance Association donated educational equipment and teaching materials to a remote Border Patrol Police school in Ratchaburi. The support was provided under the Volunteer Insurance Teacher project.
US Senate Banking Committee Ranking Member Elizabeth Warren opposed the reported effort by President Donald Trump to fire Federal Reserve Governor Lisa Cook and pledged to fight the move.
Senate Banking Committee ranking member Elizabeth Warren urged the OCC to revoke United Texas Bank’s conversion from a Texas state charter to a national bank charter. She argued that approving the conversion while the bank was under a cease-and-desist order for anti-money laundering and terrorist financing control deficiencies undermines protections against regulatory arbitrage.
The Reserve Bank of India has excluded advances against specified nonresident deposits from adjusted net bank credit for priority sector lending targets. The measure covers eligible Foreign Currency Non-Resident (Bank) and Non-Resident (External) Rupee deposits mobilized through Sept. 30, 2026, with the exclusion capped at the amount qualifying for cash reserve ratio and statutory liquidity ratio exemptions.
The Cayman Islands Monetary Authority clarified that BitMart and related GBM and Bachi entities have never been authorised to provide virtual asset services in or from the Cayman Islands. It advised the public to exercise caution over representations concerning the entities’ regulatory status.
The Central Bank of Cuba recapped a television discussion on banking challenges, digital payments and new incentives. A private-sector accounting executive also argued that issuing new banknote denominations would not, by itself, create inflationary pressure.
The Central Bank of Paraguay and the Latin American Reserve Fund presented a study showing approximately USD 10 billion in cumulative net direct investment inflows from 2008 to 2024. Nonfinancial services received the largest share, while manufacturing diversified toward higher-value-added activities.
The Financial Action Task Force of Latin America trained Costa Rican authorities and private-sector representatives on proliferation financing and targeted financial sanctions. The course covered international standards, risk assessment and mitigation, interagency cooperation and implementation challenges.
The Canadian Public Accountability Board censured Ernst & Young Canada after finding improper answer sharing by more than 500 current and former professionals and failures to monitor whether anti-cheating controls were effective. EY Canada must strengthen its controls, undergo independent oversight for up to 24 months and report monitoring results to CPAB.
The U.S. Senate Banking Committee reviewed ways to expand investment opportunities and improve access to capital for businesses. Chairman Tim Scott said the committee is working to update his capital formation package using bipartisan proposals on public markets, retirement plan investments and business development companies.
The National Credit Union Administration liquidated African Diaspora Federal Credit Union after finding it insolvent and in violation of federal law and regulations. Deposits remain federally insured for at least USD 250,000, and verified account holders will receive correspondence within one week.
The Reserve Bank of Malawi held its policy rate at 24.0%, retaining reserve requirements at 12.0% for local-currency deposits and 3.75% for foreign-currency deposits. It forecasts 2026 inflation at 22.0% and growth at 2.8%, with geopolitical tensions, high oil and fertilizer prices, and potential El Niño conditions posing upside inflation risks.
Brazilian Securities and Exchange Commission Director João Accioly advocated a regulated framework for prediction markets in Brazil. He supported broader investor choice while emphasizing safeguards against misconduct and education about investment risks.
The Tanzania Insurance Regulatory Authority is providing insurance education at a farmers exhibition in Tabora. The outreach focuses on helping farmers and livestock keepers understand how agricultural insurance can protect investments and reduce disaster-related losses.
The Bank of Mexico unanimously held the overnight interbank interest rate target at 6.50% and indicated that maintaining the current rate remains appropriate. Headline inflation is now expected to converge to the 3% target in the fourth quarter of 2027, with risks tilted to the upside.
The West African Monetary Union Banking Commission reprimanded three banks in Niger, Côte d’Ivoire and Burkina Faso and fined each XOF 300 million for regulatory failings. It also withdrew LOCAFRIQUE’s license and placed the Senegal-based institution into liquidation because of persistent prudential breaches, insolvency and the absence of a viable recovery plan.
The National Bank of Serbia reviewed 14 years of reforms, reporting inflation of 2.7% in June 2026 and gross foreign exchange reserves of EUR 30.5 billion at end-July. Nonperforming loans have fallen to 2%, while consumer protection measures have returned or saved individuals more than RSD 8.5 billion. Eighteen of Serbia’s 19 banks have executed euro payments under SEPA standards since May 2026.
Poland's Ministry of Finance outlined voluntary Personal Investment Accounts expected from Jan. 1, 2027, with qualifying assets exempt from the Belka tax within a PLN 100,000 overall limit. The ministry estimates the accounts could channel about PLN 74 billion of additional capital to the Warsaw Stock Exchange by 2040.
The Guernsey Financial Services Commission notified businesses of one individual and 12 entities newly designated under the UK Russia sanctions regime. Businesses must conduct checks, apply immediate asset freezes and restrictions, and report affected relationships to the Policy & Resources Committee and, where applicable, the Commission.
The Guernsey Financial Services Commission has alerted businesses to six ships specified under the Russia sanctions regime. Businesses must check for linked relationships and immediately report findings to the Policy & Resources Committee, while affected firms must subsequently provide prescribed details to the Commission.
The U.S. Department of Justice secured a wire fraud guilty plea from a Florida man who deposited about USD 14 million in fraudulent checks into sham companies’ accounts. He is scheduled to be sentenced on Nov. 5 and faces up to 20 years in prison.
Senate Banking Committee Chairman Tim Scott called for an initial Clarity Act vote before the Senate leaves Washington and reported growing Republican support for a procedural vote. He said the bill would establish digital asset rules intended to protect consumers and support U.S. innovation.
The Reserve Bank of India is consulting on revised concentration risk and credit facility rules for rural co-operative banks, including counterparty and unsecured exposure limits and higher housing loan limits. Larger banks would gain flexibility over housing loan tenors and moratoriums, while sectoral exposure limits would be withdrawn except for real estate.
The National Securities and Stock Market Commission of Ukraine will hold a meeting at noon on August 7, 2026, with the agenda available online.
The Central Bank of the Republic of Azerbaijan suspended four individual insurance agent licenses for one month over failure to submit a required report.
CDP and Japan’s Ministry of the Environment will use corporate nature-related disclosure data to inform policy, support stakeholder dialogue and monitor nature-positive goals. The ministry also plans to draw on relevant information for Japan’s Seventh National Report to the Convention on Biological Diversity.
The Bank of Uganda has launched a daily foreign exchange swap curve showing the implied cost of USD funding against the UGX across maturities from overnight to one year. Based on commercial bank quotations, the benchmark supports transaction pricing, valuation, risk management and price discovery, although actual market prices may vary.
Israel’s foreign exchange reserves rose by USD 93 million to USD 238.792 billion in July 2026, equivalent to 37.2% of GDP. A USD 191 million revaluation gain was partly offset by about USD 73 million in government foreign exchange activities.
The Central Bank of Barbados has rejected false WhatsApp claims that BiMPay is required for overseas payments or that non-users face slower domestic transfers. BiMPay supports domestic instant payments, while its wallet is optional and does not affect PayPal or other international payment services.
The Saudi Central Bank licensed Manasat Wasl to provide finance aggregation services in Saudi Arabia. It also reminded customers to use only authorized financial institutions.
Zimbabwe's Ministry of Finance and Economic Development has published slides for its 2019 Mid-Year Fiscal Review, showing a ZWL 803.6 million first-half surplus. The supplementary budget raised projected expenditure to ZWL 18.62 billion and implied a ZWL 4.56 billion full-year deficit, with additional funding focused on agriculture, social support and infrastructure.
The Kazakh financial regulator expanded Bank CenterCredit's universal banking license to cover interbank loans, guarantees, sureties and other interbank operations.
The Securities and Exchange Board of India released its annual report for financial year 2025-26 and tabled it in Parliament. The report reviews market developments, regulatory and enforcement activity, investor-focused measures and SEBI’s priorities for 2026-27.
The Reserve Bank of India is consulting on draft amendments to its rules for non-banking financial company credit facilities, with feedback due by August 28, 2026.
Project NoCargo recovered 392 fraudulently acquired vehicles valued at about CAD 28 million before they could be exported from Canada. FINTRAC supported the interagency effort and has generated 90 auto theft-related disclosures to law enforcement over the past two years.
The Czech National Bank unanimously held its two-week repo rate at 3.75%, citing persistent core inflation and overall inflationary risks. It forecasts inflation of 2% in 2026 and 2.5% in 2027, and will assess incoming data and the effects of its previous tightening before considering further action.
The Superintendency of the Securities Market of Panama appointed Vanessa Haydeé Rodríguez Vanela as liquidator of Plus Capital Market Inc. She will oversee the firm’s compulsory liquidation.
Chile's Ministry of Finance has created a working group to reduce regulatory and tax barriers to exporting wealth and investment management services to nonresident clients. The sector currently generates more than USD 3 billion in exports and supports about 30,000 to 40,000 jobs. The group will begin meeting in the coming days and report periodically on its progress.
The Central Bank of Chile reported moderate and weaker than expected business conditions, as conflict-related fuel and input costs combined with softer demand to squeeze company margins. Firms remained positive but less optimistic about the rest of 2026 and expected a somewhat better outlook in 2027 as uncertainty and cost pressures ease.
The National Bank of Moldova raised its base rate by 50 basis points to 7.50% on August 6, maintaining restrictive policy amid strong consumer demand and persistent supply shocks. Inflation is forecast to average 7.2% in 2026 and remain above the 5% target’s ±1.5-percentage-point range through the second quarter of 2027.
The Egypt Financial Regulatory Authority has trained factoring companies to use a digital platform that checks invoices for prior financing and prevents duplicate factoring. It plans to expand the system to cover the full factoring process, while first-quarter 2026 factored receivables exceeded EGP 40 billion.
The Central Bank of Egypt reported that financial inclusion reached 79% at the end of June 2026, covering 56.4 million people aged 15 or older. It is preparing a 2026–2030 national strategy focused on effective and secure financial service use, digital innovation, sustainable finance, consumer protection and support for businesses and entrepreneurs.
The Central Bank of Russia has proposed revised listing requirements, including minimum IPO sizes linked to issuer equity capital. Issuers would face new independent valuation, credit rating and corporate governance requirements, while exchanges would centralize key issuer and IPO information.
The Danish Financial Supervisory Authority appointed Cathrine Louise Mehlskov as head of payments and financial technology supervision, effective Aug. 1, 2026.
The Slovenia Insurance Supervision Agency has advertised three positions in supervision, IT, and analysis and international affairs. The roles cover regulatory assessments, risk and financial analysis, IT examinations and international supervisory cooperation, with applications due by Sept. 4, 2026.
The UK Financial Conduct Authority has launched an API providing machine-readable access to its Handbook. Firms and technology providers can integrate regulatory content into compliance tools to support rule mapping, change tracking and AI applications, while the existing Handbook website remains available.
The Seychelles Financial Services Authority warned that Lune International Holdings LTD, the alleged operator of Lune.fi, is not authorized to offer virtual asset-related services or conduct securities business. Its registration as an international business company does not provide such authorization.
The Guernsey Financial Services Commission has licensed a digital administrator as a further participant in its Innovation Sandbox. The initiative allows firms to test innovative business models while addressing regulatory considerations within appropriate safeguards.
The European Commission has backed the SA-H2 Fund through Global Gateway as the Southern African green hydrogen vehicle reached a ZAR 3 billion first close. The fund will finance project development and construction across the green hydrogen value chain and is targeting ZAR 12 billion by mid-2028.
The Prudential Regulation Authority will host a September 17 roundtable on its proposed tailored regime for single-parent captive insurers. The Financial Conduct Authority will also discuss related proposals, with registration closing September 4 and the consultation ending October 14, 2026.
The European Central Bank found that euro area governments have less fiscal room to respond to the 2026 energy shock than they had in 2022. New support totals about 0.1% of GDP and temporarily lowered inflation, but its expiry is expected to produce a comparable upward effect in 2027. The ECB called for temporary, targeted and tailored measures because scope for self-financing through higher tax revenue is limited.
The European Central Bank has introduced the ECB-BIG index to track euro area credit conditions across banks and non-banks. It currently shows renewed tightening, driven mainly by lending rates. ECB modelling links a one standard deviation tightening shock to a 0.6% decline in real GDP after about four quarters.
The European Banking Authority found that EU and European Economic Area banks’ climate risk exposures remained broadly stable in the second half of 2025, with 62% of exposures linked to sectors that contribute highly to climate change. Climate-related data quality improved gradually, particularly for mortgage energy-efficiency assessments.
European Central Bank research finds that financial frictions across production networks amplify monetary policy effects, with peak indirect effects about three times the direct effect of a sector’s own leverage. Weaker demand from financially constrained customers dominates price increases by constrained suppliers, strengthening declines in prices and output after monetary tightening.
The European Central Bank has published a Macro-at-Risk framework using about 350 indicators to assess risks around euro area inflation and growth projections. Models combining different categories of risk drivers consistently outperform single-factor approaches. Labour indicators are most informative for upside inflation risks, while uncertainty, money, credit and financial conditions help identify downside inflation and growth risks.
Luxembourg Finance Minister Gilles Roth reported that investment fund assets have reached nearly EUR 8.6 trillion, up almost 12% over 12 months, with alternatives accounting for about 35% of funds managed from the country. The government may revise the investment tax credit to support AI and cybersecurity spending and could present a new housing investment program within two months.
The Luxembourg Ministry of Finance reported that investment fund assets under management have approached EUR 8.6 trillion, with alternative funds accounting for about 35% of funds managed from Luxembourg. Its competitiveness agenda emphasizes digital finance, AI, cybersecurity and simpler EU rules while opposing centralized supervision. The government may revise investment incentives for AI and cybersecurity and present a residential investment program within two months.
The Central Bank of Bosnia and Herzegovina has formally applied for the country to join SEPA. European bodies will now assess the application, after which banks would need to align their systems with SEPA standards. The first SEPA transactions are expected no earlier than six months after admission.
The Central Bank of the Republic of Azerbaijan has approved rules requiring financial institutions to establish an independent customer complaints function and strengthen ethics standards. The requirements cover banks, insurers, investment firms, payment organizations and electronic money institutions and take effect on Sept. 1, 2026.
The Central Bank of Russia reported a 3.4% decline in average daily incoming payments in July from the second-quarter 2026 average. Excluding selected commodity, petroleum and government sectors, receipts rose 1.4%, driven by growth in consumer demand sectors.
The People's Bank of China and the Central Bank of the Argentine Republic renewed their CNY 130 billion or ARS 28 trillion bilateral currency swap for five years, with extensions permitted by mutual agreement.
The National Securities and Stock Market Commission of Ukraine has flagged Comfortrade, Broox and Aura Capital Invest as suspicious investment projects. The platforms target Ukrainian consumers without a local presence or Commission authorization, leaving investors without legal protection or regulatory recourse if funds are lost.
The Taiwan Financial Supervisory Commission reported that spillover-effect insurance contracts rose 29% and first-year premiums increased 152% as of the second quarter of 2026. In-kind benefit insurance contracts fell 5%, while first-year premiums declined 56%.
The Taiwan Financial Supervisory Commission reported that domestic banks’ nonperforming loan ratio was unchanged at 0.14 percent at the end of June 2026, while nonperforming loans fell to TWD 67.34 billion. The allowance coverage ratio increased to 939.51 percent, and the commission assessed asset quality as manageable.
Indonesia's Financial Services Authority reported that Islamic finance assets reached a record IDR 3,131.02 trillion in 2025, up 8.56% year on year. Islamic banking, capital markets and nonbank financial sectors all recorded asset growth, supported by regulatory and sector development measures.
Kazakhstan’s financial market regulator warned that online fraudsters are targeting children to obtain family banking data, account access and funds. Parents should strengthen device controls, use official application stores and teach children not to share personal data, passwords or verification codes.
The Vietnam State Securities Commission awarded Incom International Communications Joint Stock Company a VND 438.57 million contract for SMS software services supporting several IT systems. The lump-sum contract will run for 36 months from its effective date.
The Vietnam State Securities Commission has directed seven individuals to pay a VND 1 million fee to complete the securities practice certificate issuance procedure. Recipients have one year from the fee notice to collect their certificates before they are revoked.
The Vietnam State Securities Commission requires Dao Dinh Tung to pay VND 1 million to complete the reissuance of his securities brokerage practicing certificate. The certificate must be claimed within one year or it will be canceled.
The Hong Kong Securities and Futures Commission has secured 13-year disqualifications against three former China Candy senior executives for schemes that substantially inflated the company’s reported cash and bank balances. The court found overstatements of RMB38.1 million and RMB43.48 million in its 2016 interim and annual reports, supported by falsified banking and accounting records.
The Hong Kong Monetary Authority published a warning about fraudulent websites impersonating Hong Kong Interbank Clearing Limited and offering purported Faster Payment System transaction support. The clearing operator has no affiliation with the sites and does not normally provide such services directly to the public.
The Hong Kong Monetary Authority has warned the public about fraudulent banking websites, fake login screens, phishing emails and other scams. Banks will not send transaction links or request passwords or one-time passwords by phone, email or SMS, and affected customers should contact their bank and the police.
The New Zealand Financial Markets Authority found inconsistent related party and fair value disclosures in its review of 61 managed investment scheme managers and selected schemes. It expects clearer, entity-specific information on relationships, fees, indirect investment structures, valuation methods and fair value hierarchy judgments.
The New Zealand Financial Markets Authority has launched an exploratory review of artificial intelligence use across the financial advice sector, focusing on adoption, governance, risks and regulatory questions. Four stakeholder surveys are open until Sept. 4, 2026. Findings may inform future guidance, supervisory priorities or policy work.
The Dutch Authority for the Financial Markets reported that European Banking Authority approval of DORA registers rose from 40% in 2025 to 94% in 2026. It nevertheless identified gaps in firms’ policies and procedures and fewer incident reports than expected, while pointing insurance intermediaries to new threshold-calculation guidance.
The Namibia Financial Institutions Supervisory Authority has published its responses to industry comments on phases 1 to 3 of subordinate legislation under the Financial Institutions and Markets Act, 2021. Updated regulations and standards are also available, and industry participants are asked to review the final versions.
The Namibia Financial Institutions Supervisory Authority has completed its consideration of comments on five standards under FIMA. The updated standards cover prudential requirements, registration, supervisory actions, outsourcing and fair treatment of customers, and explain how consultation feedback was addressed.
The Philippines Insurance Commission confirmed that Commissioner Reynaldo A. Regalado was placed under preventive suspension during an Ombudsman investigation into alleged preferential treatment in an insurance consortium accreditation. Regalado denied the allegations in counter-affidavits and said he would cooperate with the proceedings.
AMLA is seeking feedback from electronic money institutions and payment service providers on the operation and effectiveness of the EU’s Central Contact Point framework. Responses will inform an upcoming regulatory technical standard, with the survey closing on Sept. 15, 2026, and a findings report to follow.
The Securities Commission of The Bahamas has consulted on mandatory wallet information reporting for digital asset licensees, registrants and applicants. Covered entities would report at authorization, within 10 business days of material wallet changes and through annual attestations, supporting blockchain screening and risk-based supervision. Inaccurate or incomplete reporting could result in supervisory or enforcement action.
The Reserve Bank of India introduced comprehensive loan recovery and recovery agency conduct requirements for regional rural banks from Jan. 1, 2027. The rules strengthen agency due diligence, borrower notifications, call recording, grievance handling and protections against harsh recovery practices. Device-locking tools are restricted to financed devices and subject to past-due thresholds, essential-function safeguards and compensation for wrongful or delayed unlocking.
The Reserve Bank of India issued comprehensive loan recovery and recovery-agent conduct rules for urban co-operative banks, effective Jan. 1, 2027. The rules strengthen agency oversight, borrower notifications, call recording, conduct standards and grievance handling. Device-locking tools are limited to financed devices and are subject to delinquency thresholds, essential-function protections and compensation for wrongful restrictions.
The Reserve Bank of India issued comprehensive loan recovery and recovery agency conduct rules for rural cooperative banks, effective January 1, 2027. The requirements cover agency oversight, borrower treatment, call recording, grievance handling and prohibitions on harsh practices. Device restrictions are subject to 30- and 60-day past-due thresholds, essential-function safeguards and compensation of INR 250 per hour for bank-attributable wrongful restrictions or delayed reversal.
The Reserve Bank of India will require All India Financial Institutions to apply comprehensive loan recovery conduct and recovery agency oversight rules from January 1, 2027. The rules restrict contact practices, prohibit harassment and require agency due diligence, call recording and dedicated grievance handling. Device-locking tools may be used only for financed devices under staged safeguards, with essential functions protected and compensation for wrongful restrictions or delayed unlocking.
The Reserve Bank of India introduced comprehensive NBFC loan recovery standards effective Jan. 1, 2027, covering agency oversight, borrower communications, call recording, grievance handling and prohibitions on harassment. Device-locking tools may be used only for loans financing the affected device, with restrictions phased in after 30 and 60 days past due. Wrongful restrictions or delayed unlocking will attract compensation of INR 250 an hour, capped at the loan amount disbursed.
The Thailand Office of Insurance Commission set its fiscal 2027 organizational priorities, emphasizing measurable outcomes and proactive, risk-based supervision. Priorities include insurance access, the protection gap, product governance, open insurance and greater use of digital technology and artificial intelligence.
Rural Bank of Paracale completed its takeover of Rural Bank of Capalonga’s assets and liabilities on July 17, 2026. Capalonga ceased operations and surrendered its banking license on the same date.
Securities Commission Malaysia’s Audit Oversight Board found that audit engagements requiring significant improvement declined to 27% in 2025 from 46% in 2024, although recurring deficiencies remain. It urged firms to address workforce pressures and strengthen governance over artificial intelligence and other technology.
The Reserve Bank of New Zealand reported that its leaders visited six regional centres in 2026, engaging with more than 50 organizations and about 600 business and community participants. The discussions inform its assessment of regional economic and financial conditions and complement its data and regular business and household surveys.
The Vietnam State Securities Commission has directed two individuals to pay a VND 1 million per person fee to complete the securities practitioner certification process. Certificates will be canceled if recipients do not complete collection procedures within one year of the fee notice.
The Bank of Korea reported a preliminary current account surplus of USD 49.73 billion for June 2026, led by a USD 47.89 billion goods surplus. Financial account net assets increased by USD 46.71 billion, with portfolio investment accounting for a USD 29.88 billion net increase.
The South Korea Financial Supervisory Service reported that household loans increased by KRW 8.3 trillion in June 2026, slowing from KRW 9.3 trillion in May. Mortgage growth accelerated to KRW 4.5 trillion, while other loan growth eased to KRW 3.7 trillion. Financial companies were urged to tighten management of mortgage and credit loan growth.
Senate Banking Committee Ranking Member Elizabeth Warren urged Congress to ban paid early access to President Trump’s social media posts, which can cost investors up to USD 100,000 a month. The hearing also raised concerns that expanding retirement-account access to private assets, reducing corporate disclosures and weakening SEC enforcement could expose retail investors to greater risks.
The ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs requested explanations for recent changes to the Personal Consumption Expenditures price index and federal statistical privacy methods. The Department of Commerce and Bureau of Economic Analysis were asked to detail the rationale, process and expert consultation behind the changes by Aug. 20, 2026.
The Office of the Comptroller of the Currency outlined a risk-focused approach to community bank supervision, with less attention to activities that do not improve safety and soundness. Comptroller Jonathan Gould also emphasized customer due diligence and relationship-specific risk assessment to counter illicit financial activity.
The Federal Court sentenced former Berndale Capital Securities director Stavro D’Amore to three years and 10 months for dishonesty offences, with 23 months to be served in prison. The conduct included improperly transferring AUD 681,496.98 in funds primarily derived from retail client deposits and authorising false statements to ASIC about overseas accounts.
The Australian Securities and Investments Commission has suspended GFA Capital Markets’ financial services licence from July 23 to Dec. 18, 2026, over client money, reporting and broader compliance failures. GFA must demonstrate adequate remediation before the suspension expires or face an extension or licence cancellation.
The Reserve Bank of India aligned housing finance company requirements for loan recovery and recovery agents with its broader conduct standards for non-banking financial companies. The revised requirements take effect on January 1, 2027.
The Trinidad and Tobago Ministry of Finance emphasized the role of financial intelligence, customs controls and secure government systems in countering terrorism and organized crime. It continues to strengthen the Financial Intelligence Unit, modernize customs administration and support interagency and international information sharing.
The Financial Action Task Force of Latin America identified stronger financial investigations and public-private cooperation as priorities for tackling illicit financial flows linked to illegal mining and illegal timber activities. Recommendations from its special session on environmental crime will guide future regional initiatives.