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2026-07-27•United Arab Emirates•ADGM Financial Services Regulatory Authority
The ADGM Financial Services Regulatory Authority has proposed a new business transfer regime that would reserve mandatory court sanctioning for most insurance transfers and create a lighter process for other transfers. Non-court transfers would still require FSRA notification, client notice and public notice, while banks and certain insurance transfers would also need an FSRA no-objection acknowledgement. The consultation closes on 21 September 2026.
Policy & regulationRules & requirementsOther
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2026-07-27•India•Reserve Bank of India
The Reserve Bank of India has opened a consultation on draft amendments to its securitisation transaction directions for banks, small finance banks, non-banking financial companies and All India Financial Institutions. The changes are intended to improve efficiency, liquidity and transparency in the issuance and transfer of Securitisation Notes, with comments due by Aug. 27, 2026.
Policy & regulationRules & requirementsSecuritization
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2026-07-27•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde has released provisional aggregated financial and prudential indicators for the banking system as of March 2026. The quarterly publication covers balance sheet, income statement and financial stability indicators.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-27•Central African Republic•Banking Commission of the Central African Republic
The Board of Directors of the Bank of Central African States adopted a framework on delegation of powers for the central bank’s management and approved the revised 2026 budget. It also adopted the 2025 annual report, cleared new market counterparties and reviewed progress on wider reform and supervisory work, including updates to the payment services framework in the Central African Economic and Monetary Community.
Institutional developmentGovernanceOrganizational structure
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2026-07-27•Central African Republic•Banking Commission of the Central African Republic
The Ministerial Committee of the Central African Monetary Union reviewed progress on revising CEMAC rules for payment service providers and urged member states to complete steps to make regional banking mediation operational. It also approved 2025 reports for the Bank of Central African States and the Central African Financial Market Supervisory Commission, approved the central bank's 2026 amended budget and noted regional AML and counterterrorist financing recommendations.
Policy & regulationRules & requirementsAuditing
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2026-07-27•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini’s January/February 2026 economic update showed inflation easing to 2.1 per cent in January and third-quarter 2025 gross domestic product growth accelerating to 5.8 per cent year on year. External buffers weakened, with reserves falling to E9.5 billion or 2.2 months of import cover, while private sector credit and broad money contracted month on month. Public debt rose to E38.8 billion, or 40.4 per cent of gross domestic product, and the trade surplus widened to E162.3 million in February.
Data & statisticsEconomic data and developments
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2026-07-27•Eswatini•Central Bank of Eswatini
The Central Bank of Eswatini’s February and March 2026 update showed headline inflation easing to 1.9 per cent in February as food and fuel prices fell, while private sector credit increased and broad money contracted. In March, reserves rose to E10.9 billion or 2.5 months of import cover, the Lilangeni depreciated against major currencies, public debt reached E41.0 billion or 42.7 per cent of GDP, and the trade surplus widened to E889.8 million.
Data & statisticsEconomic data and developments
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2026-07-27•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission used its 2026 mid-year work meeting to set second-half priorities for risk control, stricter supervision and financial sector reform. Key focuses are reform and risk resolution at small and medium-sized financial institutions, prevention of risks in key areas and stronger pressure on firms to transform and develop on a differentiated basis. The meeting also assigned near-term work on production safety and emergency financial services.
SupervisionSupervision approach, priorities & toolkit
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2026-07-27•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority has issued a quantum preparedness whitepaper, launched the first Quantum Preparedness Index and set out support measures for banks. The index scored the sector at 2.3 out of 10, showing that readiness for quantum-related cyber risks and the shift to post-quantum cryptography remains at an early stage. The HKMA plans to support banks with a toolkit and workshops, with a goal of full sectoral readiness by 2030.
SupervisionRisk monitoring & watch pointsCyber resilienceQuantum computing
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2026-07-27•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority relayed an HKICL warning about several fraudulent websites impersonating HKICL and offering fake FPS-related buyer protection services. HKICL said the sites are unaffiliated with it, noted that it does not usually contact individuals proactively or provide FPS services directly to the public, and urged people to verify suspicious communications and report suspected fraud.
SupervisionAlertsFraud and scams
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2026-07-27•Russia•Central Bank of Russia
The Central Bank of Russia has proposed rules for organized trading in digital currencies and digital rights and for digital depositories. Depositories would face minimum equity requirements of RUB 50 million to RUB 250 million and rules covering liquid capital, recordkeeping, accounts and settlement activities.
Policy & regulationRules & requirementsTradingMarket infrastructure
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2026-07-27•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan licensed Visa International Service Association to operate the Visa payment system, replacing its license issued under an April 16, 2021 board decision.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-07-27•Sri Lanka•Sri Lanka Securities & Exchange Commission
The Securities and Exchange Commission of Sri Lanka is inviting applications for a position at the regulator. Applications are due by Aug. 10, 2026.
Institutional developmentWorkforce & recruitmentLeadership change and appointments
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2026-07-27•Tajikistan•National Bank of the Republic of Tajikistan
The National Bank of the Republic of Tajikistan published the results of a foreign exchange purchase auction held on July 27. The auction drew 11 participants, with satisfied bids ranging from USD 216,000 to USD 10.6 million at a weighted average rate of 9.2581 USD/TJS.
Monetary policyMonetary policy instruments & operationsForeign exchange policy and markets
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2026-07-27•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic fined two individuals KGS 17,500 each for carrying out cash foreign currency exchange operations without a license.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-07-27•South Africa•South African Reserve Bank
The South African Reserve Bank has updated its policy on reproducing banknote and coin images, with the new version effective from 1 April 2026. Most reproductions require prior written approval, while specified news media benefit from deemed permission subject to strict conditions. Replica and movie money must be clearly distinguishable from legal tender and are subject to controls on design, identification, storage and destruction.
Policy & regulationRules & requirementsCurrency and cash management
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2026-07-27•South Africa•South African Reserve Bank
The South African Reserve Bank has introduced the Angolan kwanza as a settlement currency in the SADC-RTGS system, making it the second settlement currency after the South African rand. The change enables direct kwanza settlement, which is intended to reduce foreign exchange conversion costs and improve cross-border payment efficiency. The bank also indicated that additional regional currencies, including the Botswana pula, may be added later.
Policy & regulationImplementation, projects & pilotsCross-border payments
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2026-07-27•Cyprus•Central Bank of Cyprus
The Central Bank of Cyprus published June 2026 data showing stronger monthly growth in both deposits and loans. Deposits rose by a net EUR 601.2 million to EUR 58.7 billion, while loans increased by a net EUR 499.4 million to EUR 28.6 billion. Annual growth eased to 5.0% for deposits and 11.6% for loans.
Data & statisticsMonetary data
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2026-07-27•Europe•European Securities and Markets Authority
The European Securities and Markets Authority has authorised EuroCTP B.V. to operate the consolidated tape for shares and ETFs under MiFIR. EuroCTP has until 30 September 2026 to complete operational and technical preparations, after which it will operate the service for five years under ESMA's direct supervision. Retail investors, academics, civil society organisations and regulators will receive the data free of charge.
SupervisionAuthorisations & approvalsMarket infrastructure
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2026-07-27•Greece•Bank of Greece
The Bank of Greece reported faster growth in June 2026 for both bank credit and deposits, with total credit growth rising to 5.0% and total deposit growth to 8.8%. Private sector credit growth increased to 7.7%, led by corporate lending, while private sector deposits rose by EUR 8.575 billion, driven mainly by corporates. Total monthly net flows also strengthened, with credit at EUR 3.501 billion and deposits at EUR 8.756 billion.
Data & statisticsMonetary data
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2026-07-27•Egypt•Central Bank of Egypt
The Central Bank of Egypt hosted two Bank of Ghana delegations to present its work on digital transformation, AI, data governance, digital payments and cybersecurity. The exchanges covered SupTech and RegTech, the Instant Payment Network, InstaPay, tokenization, eKYC and the operation of the financial sector computer emergency response team. Egypt also said it is preparing an updated second version of its comprehensive cybersecurity regulatory framework.
Institutional developmentCooperation & capacity buildingCapacity buildingCyber resilienceArtificial intelligence
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2026-07-27•Ukraine•Ukraine National Commission on Securities and Stock Market
In an interview, the Ukraine National Commission on Securities and Stock Market said Ukraine’s capital market is sizable but structurally narrow, with about 85% concentrated in domestic government bonds, and set out priorities to broaden instruments and attract private capital. Chair Oleksii Semeniuk also said the virtual assets bill is nearing its final stage, with regulatory powers and taxation still to be settled. The Commission is also discussing gradual, safeguard-based easing of currency restrictions with the National Bank of Ukraine to support long-term foreign investment.
OtherMarket development
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2026-07-27•Europe•European Central Bank
The European Central Bank said in a blog post that energy prices have risen less during the 2026 Iran war than after Russia’s invasion of Ukraine, despite a much larger supply shock. It attributes the milder reaction to stronger pre-crisis oil and gas market conditions, higher inventories, weaker demand and less intense competition for LNG cargoes. The ECB added that renewed July strikes have kept the outlook volatile, with a prolonged Strait of Hormuz closure risking renewed price pressure.
ResearchMarket risk and volatility
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2026-07-27•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission reviewed the advertising of 40 fund and closed-ended investment managers that market directly to retail investors, using a pilot artificial intelligence tool to identify advertising activity and assess content. It found issues in 10 entities and vehicles, mainly around the clear and balanced presentation of returns and risks, and required corrections and stronger controls. CNMV will follow up on the remedial measures and continue expanding AI-based monitoring.
SupervisionReviews, inspections & stress testsSupervision process and methodologiesArtificial intelligence
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2026-07-27•Germany•BaFin
Germany's Federal Financial Supervisory Authority said asset investments offered in Germany will generally not be treated as PRIIPs. Providers will therefore usually need a VIB approved and filed with BaFin. Individual products still require a case-by-case assessment, especially under the more flexible categories in Section 1(2) Nos. 7 and 8 of the Asset Investments Act.
Policy & regulationRules & requirementsDisclosures
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2026-07-27•Pakistan•State Bank of Pakistan
The State Bank of Pakistan’s Monetary Policy Committee unanimously kept the policy rate at 11.5% on July 27, 2026, judging that moderating inflation, some pickup in activity and moderate external account pressures left the current stance appropriate to return inflation to the 5% to 7% target range over the medium term. Headline inflation eased to 11.1% in June but is expected to stay above target in coming months before stabilising near the upper bound by June 2027, while the committee flagged renewed Middle East conflict and higher global commodity price risks and said State Bank of Pakistan foreign exchange reserves are targeted to rise to USD 20.20 billion by end-December 2026.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-07-27•Estonia•Central Bank of Estonia
The Central Bank of Estonia said banks' corporate and household loan portfolio rose by more than 8% year on year to EUR 30 billion by the end of June, with growth led by housing loans and outpacing the euro area average by more than twofold. First half net profit on the local market was EUR 356 million, about unchanged from a year earlier. Higher interest income from a larger loan book and Euribor was offset by rising administrative costs and higher loan write-downs.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-27•Estonia•Central Bank of Estonia
The Central Bank of Estonia will publish its July 2026 statistics on banks and leasing companies at 08:00 on 27 August 2026, as a standalone statistical release separate from economic policy publications.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-27•Morocco•Moroccan Insurance Authority (ACAPS)
Morocco’s three financial sector authorities issued their thirteenth Annual Financial Stability Report, covering the state of the financial system, risks to stability and economic and financial developments in fiscal 2025.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic risk
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2026-07-27•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group has responded to the ISSB’s proposed SASB amendments and related IFRS S2 industry guidance, backing the update but calling for less complexity and stronger interoperability with ESRS. Its recommendations focus on a clearer reporting architecture, systematic alignment checks and a sharper distinction between sector-agnostic and industry-specific disclosures. Feedback to the ISSB will feed into final amendments for the three affected SASB industry standards.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-07-27•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has started a GBP 2 million national campaign to push motor finance customers toward its free complaint tools instead of paid claims firms or law firms. It follows FCA research showing many consumers still lack confidence to complain directly, even though a template complaint letter is available. The regulator also noted that its motor finance redress scheme, launched in March with expected compensation of GBP 7.5 billion, is partially suspended because of legal challenges.
EnforcementInvestigations & enforcement actionsConsumer and investor protection
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2026-07-27•Europe•European Fund and Asset Management Association
The European Fund and Asset Management Association's May 2026 statistical release shows combined UCITS and AIF net inflows of EUR 94 billion, down from EUR 100 billion in April. UCITS inflows slowed as money market fund demand fell, but long-term UCITS stayed at EUR 70 billion and bond fund inflows rose to EUR 35 billion. AIFs returned to net inflows of EUR 15 billion and total net assets reached EUR 27.2 trillion.
Data & statisticsFinancial and market indicators
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2026-07-27•Oman•Oman Financial Services Authority
The Oman Financial Services Authority highlighted serious deficiencies at accounting and auditing firms, including reports issued without audit procedures, standards breaches, unlicensed practice and compromised auditor independence. It also outlined plans to activate a trainee accountant register and launch a national professional capacity initiative in 2027.
SupervisionReviews, inspections & stress testsAuditing
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2026-07-27•Europe•European Commission
The European Commission welcomed adoption of the EU's 21st sanctions package against Russia, which tightens measures on energy, banking, crypto, trade and the military-industrial complex. Financial changes expand transaction and messaging-service bans to more than 100 Russian banks, add new third-country crypto restrictions, and accompany 218 new listings. The package also lays the groundwork for a visa ban on Russian combatants, with further Council decisions and Commission assessments still pending on implementation and some LNG measures.
Policy & regulationRules & requirementsSanctions list update
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2026-07-27•United Kingdom•HM Treasury
HM Treasury said major UK pension providers are exploring a UK Scale-up Fund of more than GBP 1 billion focused on high-growth British science and technology companies. The proposed vehicle would channel pension capital into UK scale-ups, with support from the British Business Bank and the Office for Investment. A process to explore appointing a fund manager will begin shortly.
Policy & regulationReform agenda & prioritiesSME financing
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2026-07-27•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority renewed Falah Awad Rashid Al-Mutairi's auditor registration for three years. The renewable term begins on Oct. 17, 2026.
SupervisionAuthorisations & approvalsOther
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2026-07-27•Europe•European Central Bank
The European Central Bank said euro area broad money growth strengthened in June, with annual M3 growth rising to 3.3% from a revised 3.0% in May. Adjusted lending growth was unchanged, with loans to households at 3.0% and loans to non-financial corporations at 4.0%. The increase in M3 was driven mainly by stronger growth in short-term deposits other than overnight deposits and in marketable instruments.
Data & statisticsMonetary data
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2026-07-27•Europe•European Central Bank
The European Central Bank has published a working paper finding that Eurosystem purchases of German government bonds pushed Bund repo rates down much more than Deutsche Finanzagentur purchases, intensifying collateral specialness. Deutsche Finanzagentur repo lending and targeted sales helped ease scarcity, including after a large October 2022 tap, but the paper says the effect was limited by strong hedge fund demand, dealer concentration and repo market segmentation.
ResearchMarket infrastructure
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2026-07-27•Europe•European Central Bank
The European Central Bank's updated euro area sector accounts for the first quarter of 2026 show net saving broadly unchanged at EUR 902 billion, lower net investment and higher net lending to the rest of the world at EUR 307 billion. Household net lending rose and household debt-to-income was stable at 81.0%, while non-financial corporations' consolidated debt-to-GDP ratio fell to 65.6%. The release also incorporates revisions, including changes linked to Bulgaria's inclusion in euro area aggregates and pension scheme conversions in the Netherlands.
Data & statisticsBalance of payments and other external statistics
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2026-07-27•Europe•European Central Bank
An European Central Bank working paper finds that the 2022 energy price shock reduced bank credit to high-energy-intensive Danish manufacturing firms relative to similar peers, with credit growth 8.75 percentage points lower in the second quarter of 2022. Most of the decline reflected lower use of existing credit lines, especially by safer and more liquid firms. New loans to exposed firms also carried higher spreads and tighter terms, pointing to some bank supply tightening alongside weaker credit demand.
ResearchCredit riskFinancial stability and systemic risk
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2026-07-27•Romania•Romanian Financial Supervisory Authority
The Romanian Financial Supervisory Authority published its Daily Market Report for 27 July 2026 and pointed readers to the archive of Daily Market Report and Morning Call editions for 2021 through 2026.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-27•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan reported 3,557 dishonored checks due to insufficient funds in June, representing 0.07% of checks cleared, with a total value of TWD 3.5 billion or 0.30% of cleared value. Overall check clearing rose to 4.8 million checks worth TWD 1.16 trillion, mainly because the month had one more business day and two month-end peak days. The higher value of dishonored checks reflected more cases from accounts with aggregated dishonored values of at least TWD 100 million.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-27•Bulgaria•Bulgaria Financial Supervision Commission
The Bulgarian Financial Supervision Commission has published a list of non-licensed investment intermediaries.
SupervisionAlertsLicence approval
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2026-07-27•Montenegro•Montenegro Capital Market Authority
The Montenegro Capital Market Authority has opened a consultation on three draft capital markets rulebooks. They would set more detailed transaction reporting requirements, organizational and conduct standards for investment firms, and approval conditions for investment firm status changes. The authority will finalize the texts after reviewing comments.
Policy & regulationRules & requirementsRegulatory reporting
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2026-07-27•Russia•Central Bank of Russia
The Central Bank of Russia tightened fourth-quarter 2026 limits on high-risk unsecured consumer, microfinance, home and auto equity, and car lending. It kept limits for credit-card and mortgage lending unchanged, alongside existing macroprudential add-ons and the 0.5 percentage point countercyclical buffer. The changes target borrowers with high debt service-to-income ratios and long-term unsecured loans.
SupervisionInterventionsCredit riskMacroprudential policy and tools
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2026-07-27•Russia•Central Bank of Russia
The Central Bank of Russia reported that annual M2X growth slowed to 12.9% in June, mainly reflecting a decline in foreign currency deposits. Annual lending growth remained broadly stable at 9.9%, with credit to the economy continuing to drive money supply growth.
Data & statisticsMonetary data
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2026-07-27•Czech Republic•Czech National Bank
The Czech National Bank published a research brief finding that higher European defense spending is linked to stronger output in the short run and inflation that builds after about two to three years. Price effects are stronger where procurement is supplied domestically and weaker where equipment is imported. The brief also finds that defense stocks and investor holdings, including by Czech households, rose sharply ahead of the spending increases.
ResearchOther
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2026-07-27•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines said a Bangko Sentral Registration Document covering Koppers Wood Products Pty. Limited’s PHP7,873,759.49 investment in its Philippine branch has been reported lost. Banks and affiliated foreign exchange corporations must not honor the original document if it is presented for foreign exchange purchases linked to capital repatriation or remittance of earnings.
SupervisionAuthorisations & approvalsOther
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2026-07-27•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines held its first transport sector currency education campaign, training a bus company's staff to identify counterfeit and unfit Philippine currency and handle cash properly. The seminar also covered the security features of current banknote and coin series. Similar outreach to other transport stakeholders will follow.
Financial literacy & educationFinancial literacy and education
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2026-07-27•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission fined and reprimanded Bright Smart Securities International (H.K.) Limited for inadequate controls to detect and prevent client wash trades. The regulator found the weaknesses allowed 1,021 pairs of wash trades across 615 client accounts between November 2023 and September 2025, and said the firm's largely manual controls remained inadequate even after changes made in March 2024.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-07-27•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission reprimanded and fined China Industrial Securities International Asset Management Limited HKD 6.8 million over failures in managing a private fund for Tahoe Life. The firm followed investor-driven, Tahoe Life-linked arrangements that the SFC said were unnecessarily complex, lacked clear commercial rationale and presented red flags it failed to investigate properly. The SFC also found breaches in mandate compliance and risk management.
EnforcementInvestigations & enforcement actionsCorporate governance
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2026-07-27•Germany•BaFin
Germany's Federal Financial Supervisory Authority warned financial-sector obliged entities about risks involving virtual international bank account numbers linked to underground banking.
SupervisionRisk monitoring & watch pointsAML and CFTSupervision process and methodologies
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2026-07-27•Austria•Austria Financial Market Authority
The Austrian Financial Market Authority reported that contract numbers for premium-subsidized Zukunftsvorsorge continued to fall in 2025, with 729,000 contracts outstanding and new business down to 7,223. Managed assets still rose 6.8% to EUR 9.27 billion as positive market conditions lifted volume-weighted performance to 13% before costs.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-27•South Africa•South African Reserve Bank
The South African Reserve Bank’s Corporation for Deposit Insurance has updated its single customer view handbook and coverage and reporting rules for banks. The revised handbook changes the treatment of pledged accounts and deceased depositors, expands the email field length to 100 characters, updates province values and tightens selected business rules for single customer view reporting. Banks are expected to align their reporting processes with the updated CODI requirements.
Policy & regulationRules & requirementsRegulatory reporting
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2026-07-27•Armenia•Ministry of Finance (Armenia)
Armenia’s Ministry of Finance and the IMF agreed on steps to institutionalize and publish the ministry’s medium-term forecasting model. The IMF assessed the broader forecasting and analysis system as advanced practice that could be presented to other countries.
Policy & regulationImplementation, projects & pilotsMacroprudential policy and tools
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2026-07-27•Laos•Bank of the Lao
The Bank of the Lao PDR is holding a five-day banking-sector inspection training program for 65 central bank and commercial bank participants. The program covers internal controls, financial reporting documents, artificial intelligence and professional conduct.
Institutional developmentCooperation & capacity buildingSupervision process and methodologiesAccounting and financial reportingArtificial intelligence
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2026-07-27•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan’s financial market regulator approved three senior bank appointments. The decisions cover a deputy management board chair at Commercial and Industrial Bank of China in Almaty, a board member at Otbasy Bank, and an independent director at Kazakhstan Halyk Bank.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-27•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines warned that scammers are falsely using the name of Monetary Board Member Benjamin E. Diokno to solicit donations for purported charities. It said the central bank and its officials do not seek donations or financial assistance from the public and urged verification of any related messages or documents.
SupervisionAlertsFraud and scams
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2026-07-27•Kyrgyzstan•National Bank of the Kyrgz Republic
The National Bank of the Kyrgyz Republic kept its key rate at 12.00%, effective July 28, 2026, saying tightened monetary conditions remain necessary to contain inflation pressures from external shocks and strong domestic demand. Inflation stood at 6.5% since the start of 2026 and 11.3% year on year as of July 17, while real GDP grew 11.9% in the first half, and the central bank said it will continue to assess risks to return inflation to its 5-7% medium-term target range.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-07-27•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan’s financial regulator approved a risk-based conduct framework requiring financial firms to govern products throughout their lifecycle, assess customer suitability and prevent consumer harm. It also adopted unified financial ombudsman rules effective Jan. 1, 2027, and expanded the collective debt-resolution platform to qualifying debts assigned to collection agencies.
Policy & regulationRules & requirementsConsumer and investor protectionSupervision process and methodologies
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2026-07-27•South Korea•South Korea Financial Services Commission
The South Korea Financial Services Commission selected eight first-half 2026 proactive administration award cases, recognizing officials behind major policy measures rather than announcing new rules. The highlighted cases include the removal of the KRW 3 billion cap on stock manipulation whistleblower rewards, new account-freeze tools for emerging phishing scams, tighter management of delinquent debt and support for KRW 31.9 trillion in medium-interest lending in 2026. The awards also recognized a joint naphtha import support framework that had provided USD 710 million across three cases by July 24.
OtherWhistleblowing
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2026-07-27•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission expanded the pilot for its small business credit assessment system to 16 banks and KRW 2.2 trillion of lending, with rollout from late August 2026. The AI-based model uses nonfinancial data to capture growth potential and is set to be extended to individual business owner Saetdol loans from October 2026 and regional credit guarantee assessments from 2027. The commission also began further review of whether to shorten the five-year retention period for public bankruptcy and discharge information.
Policy & regulationImplementation, projects & pilotsCredit ratings
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2026-07-27•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission is pursuing individuals who used social media to encourage Thai consumers to buy insurance from Singapore insurers. It has asked the Monetary Authority of Singapore to review the conduct, sought blocking of the related accounts, and is preparing criminal action with Thailand's Economic Crime Suppression Division. The regulator warned that buyers of unlicensed foreign insurance cannot seek redress through the Office of Insurance Commission.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-07-27•Indonesia•Bank Indonesia
Bank of Indonesia appointed Senior Deputy Governor Destry Damayanti as acting governor after Perry Warjiyo resigned on 25 July 2026 for personal reasons. The appointment was made at a 26 July 2026 Board of Governors meeting, and the central bank said it will continue its core stability mandates.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-07-27•United States•Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is developing financial education resources for Trump Accounts and exploring artificial intelligence tools to improve delivery of its materials. It is also producing targeted content on fraud, scams and other financial topics for key consumer groups.
Financial literacy & educationFinancial literacy and education
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2026-07-27•Australia•Department of Treasury (Australia)
The Australian Department of the Treasury is consulting on draft regulations to extend existing deferred sales model exemptions for 10 classes of add-on insurance until 5 October 2031. The exemptions currently expire on 5 October 2026. Treasury said its review found the current carve-outs should continue unchanged.
Policy & regulationRules & requirementsSales and distribution
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2026-07-27•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has finalized the remake of three Level 3 conglomerate prudential standards ahead of their 1 October 2026 sunset. The changes to 3PS 221, 3PS 222 and 3PS 310 are administrative only and do not create new requirements for Level 3 conglomerate groups.
Policy & regulationRules & requirementsPrudential risksSupervision process and methodologies
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2026-07-27•Australia•Australian Prudential Regulation Authority
APRA will require ADIs and RFCs to use APRA Connect for migrated ADI reporting collections, ending access to the Alternate Submission Process. Mandatory use starts July 31, 2026, for the Liquidity 210.5 monthly return, Aug. 31 for Economic and Financial Statistics, and Sept. 30 for all other migrated collections.
SupervisionRegulatory reporting
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2026-07-27•Argentina•Argentina Securities Commission (CNV)
The Argentina Securities Commission has temporarily clarified reporting duties for agents and markets involved in primary securities placements. Participating agents must report successful bidders within 48 business hours after closing, including for specified government and multilateral securities, while markets must submit and retain complete order-book information.
Policy & regulationGuidance & interpretationDisclosuresMarket infrastructure
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2026-07-26•Qatar•Qatar Financial Centre
The Qatar Financial Centre and the Qatar Finance and Business Academy will collaborate on internships, employment pathways and industry-academic programs for students and young professionals. They will also support high-performing Qatari undergraduates through the Takween Excellence Award Programme and expand workforce training for Qatar Financial Centre firms.
Institutional developmentCooperation & capacity buildingOther
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2026-07-26•Afghanistan•Central Bank of Afghanistan
The Central Bank of Afghanistan and the Central Bank of Uzbekistan discussed strengthening banking cooperation to support growing bilateral trade. Both sides backed continued technical cooperation and regular meetings, without announcing specific measures or timelines.
Policy & regulationCooperationCross-border cooperation
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2026-07-26•Tanzania•Tanzania Insurance Regulatory Authority
The Tanzania Insurance Regulatory Authority used the LCCF 2026 forum to promote insurance as a risk management and business continuity tool for the mining sector. It said more than 18 categories of risk can be insured, including environmental restoration, workplace accidents, fire, machinery damage and third-party liability.
Financial literacy & educationRisk management
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2026-07-26•Libya•Central Bank of Libya
The Central Bank of Libya approved measures to ease foreign exchange pressures, including USD 1 billion for letters of credit and USD 1 billion for personal foreign exchange transactions through its electronic platform. It also approved a LYD 5 billion injection into commercial banks under the first phase of its August Cash Liquidity Plan and asked banks to extend hours for over-the-counter U.S. dollar sales.
Monetary policyMonetary policy instruments & operationsCurrency and cash managementForeign exchange policy and markets
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2026-07-26•Afghanistan•Central Bank of Afghanistan
The Central Bank of Afghanistan discussed expanding bilateral banking cooperation with the Central Bank of Uzbekistan, including improving banking interactions as trade grows. The talks also covered technical cooperation, exchanges of expertise and regular bilateral engagement.
Institutional developmentCooperation & capacity buildingCross-border cooperationMarket development
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2026-07-26•Oman•Oman Financial Services Authority
The Oman Financial Services Authority approved detailed securities rules introducing regulated investment banking, stronger risk-based supervision and frameworks for credit rating agencies and financial technology. Commercial banks must move most regulated securities activities to independent entities within three years, while other affected firms have six months to regularize their status. The regulation takes effect on July 27, 2026.
Policy & regulationRules & requirementsCapital adequacyPrudential risksRegulatory reporting
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2026-07-26•Global•World Federation of Exchanges
The World Federation of Exchanges has launched the Journal of Exchanges, Clearing & Settlement, a peer-reviewed open-access journal dedicated to research on exchanges and post-trade market infrastructure. It will publish work from academics, practitioners and policymakers on topics spanning trading, clearing, settlement, custody and regulation. The journal is now accepting submissions and will publish accepted papers on a continuous online basis.
OtherMarket infrastructure
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2026-07-26•Qatar•Qatar Financial Centre
The Qatar Financial Centre and the Qatar Finance and Business Academy have signed a talent development MoU focused on linking academic learning with financial sector practice. It includes internships for QFBA's Northumbria University students, joint events and cooperation on the Takween Excellence Award Programme. QFC also said the partnership will expand training opportunities for firms in the centre.
Institutional developmentCooperation & capacity buildingCapacity building
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2026-07-26•United Arab Emirates•Central Bank of the UAE
The Central Bank of the UAE said its governor met Indonesia’s ambassador to discuss closer financial cooperation, centered on linking payment systems and improving cross-border payments. The talks also covered digital financial innovation to support bilateral trade and investment. Indonesia’s ambassador highlighted Local Currency Transactions, payment connectivity and knowledge exchange as potential areas for further progress.
Policy & regulationCooperationCross-border cooperationCross-border payments
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2026-07-26•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has launched a practical training program to prepare temporarily listed state-owned companies for Egyptian Exchange offerings and related compliance obligations. The seven module course covers listing, financial readiness, governance, disclosure, prospectuses, offering execution and post-listing requirements. It starts with officials from the 20 companies temporarily listed so far and will later expand to other targeted state companies.
Policy & regulationImplementation, projects & pilotsSecurities offerings and listings
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2026-07-26•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority said the eMPF Platform will tighten identity checks for most MPF withdrawal applications from the end of July after isolated abuse cases. Applicants will need step-up authentication through iAM Smart and real-time facial identification, with exemptions for small-balance claims of HKD 5,000 or below and death claims. Special cases may still take longer where trustees need additional verification.
Policy & regulationImplementation, projects & pilotsConsumer and investor protection
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2026-07-25•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority has reconstituted its life insurance actuarial tables committee to review insurer mortality and disability experience data from 2022 through the latest reporting year. The committee will assess whether the current Egyptian life actuarial tables need a full or partial update and propose a future review cycle. It will also examine the effect of any changes on product pricing.
Policy & regulationImplementation, projects & pilotsOther
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2026-07-24•Turks & Caicos Islands•Turks & Caicos Financial Services Commission
The Turks & Caicos Financial Services Commission said its participation in the GIICS Annual Seminar and Annual General Meeting in London will help inform its efforts to modernise insurance regulation, expand risk-based supervision and strengthen sector resilience. Discussions covered supervisory priorities including operational resilience, recovery and resolution planning, consumer protection, and the risks and opportunities created by digitalisation and artificial intelligence.
SupervisionCooperationSupervision process and methodologiesOperational risk and resilience
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2026-07-24•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama hosted law students from Santa Maria La Antigua University for an educational session on its supervisory role. The briefing focused on the framework for fiduciary supervision in Panama and on how effective oversight supports confidence and financial stability.
Financial literacy & educationFinancial literacy and education
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2026-07-24•Panama•Superintendencia de Bancos de Panama
The Superintendency of Banks of Panama has granted an international banking license to BANCO BISA, S.A. (Panama Branch) after confirming compliance with regulatory requirements. The license brings the branch into Panama's International Banking Center and allows it to operate from Panama for transactions that are completed or take effect abroad, along with other previously authorized activities.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-24•Congo•Central Bank of Congo
The Central Bank of Congo published a notice indicating that a recruitment form is to be completed.
Institutional developmentWorkforce & recruitmentHiring and recruitment
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2026-07-24•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City’s July Services Survey showed moderate growth in Tenth District services activity and elevated expectations for future activity. Nearly half of firms expected higher demand for the rest of the year, while most reported weaker profit margins but still anticipated strong revenue growth.
Data & statisticsEconomic data and developments
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2026-07-24•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services is seeking feedback on a discussion draft that would significantly reshape the Consumer Financial Protection Bureau. The proposal would move the CFPB into the appropriations process, tighten rulemaking and retrospective review requirements, clarify UDAAP and other statutory authorities, and revise supervision and enforcement powers. It also includes measures aimed at supporting innovation, including clearer treatment of certain small-dollar loans and a sharper distinction between guidance and binding rules.
Policy & regulationReform agendas & prioritiesConsumer and investor protection
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2026-07-24•Lesotho•Central Bank of Lesotho
The Central Bank of Lesotho held the CBL Rate at 6.75% per annum on July 24 amid weaker domestic activity and a slightly higher medium-term inflation outlook, with risks tilted upward. Net international reserves stood at USD 1.353 billion, covering 5.4 months of imports and providing an adequate buffer for the exchange-rate peg.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-07-24•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission fined Inclusive Credit Lending Inc. PHP 1.03 million for excessive interest rates and unfair debt collection practices. Its Pinoy Peso platform charged a seven-day effective interest rate of 61.29% and used collection threats that included public exposure on social media.
EnforcementInvestigations & enforcement actionsLendingConsumer and investor protectionCompliance
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2026-07-24•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission’s Division of Market Oversight told designated contract markets not to use broad template self-certifications that bundle multiple event contract permutations into one filing. Event contract series should instead be filed under Regulation 40.2(d) or 40.3 where appropriate, with class treatment limited to contracts that share identical pricing and settlement methodologies and reference a previously certified or approved specific contract. Inadequate filings may be stayed or sent back for resubmission, although shared documents may still be filed through the Commission’s consolidated submission process.
Policy & regulationGuidance & interpretationOther
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2026-07-24•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission's Division of Market Oversight extended no-action relief for Kraken Derivatives Exchange, allowing it to list products without reinstating its designated contract market status despite dormancy rules. The relief now lasts until the earlier of August 10, 2027, or the first trade on the exchange, subject to product certification, advance notice and ongoing compliance conditions. If no trading begins before then, KDE must reinstate its designation before listing products.
Policy & regulationGuidance & interpretationMarket infrastructure
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2026-07-24•Brazil•Central Bank of Brazil
The Central Bank of Brazil highlighted an IMF assessment that found Brazil's financial system remains resilient under adverse scenarios, with banks able to absorb losses and systemically important lenders staying above minimum capital requirements. The review also pointed to gains from digitalization and Pix, while recommending greater supervisory autonomy, stronger staffing, legal protection for officials and modernization of the bank resolution framework.
Policy & regulationPeer reviews and country evaluationsFinancial stability and systemic riskSupervision process and methodologies
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2026-07-24•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission has suspended the NTZ Financiamentos Longo Prazo fund offering after finding unresolved irregularities in the documentation filed under the automatic distribution process. The suspension lasts for up to 30 days, until Aug. 25, 2026, and the offering may be cancelled if the issues are not fully corrected.
SupervisionInterventionsSecurities offerings and listings
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2026-07-24•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force visited Damascus to support Syria’s preparations for its upcoming mutual evaluation and strengthen its anti-money laundering, counter-terrorist financing and counter-proliferation financing framework. MENAFATF will provide technical assistance and capacity-building support as Syria implements evaluation requirements and recent institutional reforms.
Policy & regulationCooperationAML and CFTSupervision process and methodologies
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2026-07-24•Middle East•Middle East and North Africa Financial Action Task Force (MENAFATF)
The Middle East and North Africa Financial Action Task Force said a high-level delegation visited Damascus to support Syria’s preparations for the Mutual Evaluation process and strengthen its framework for combating money laundering, terrorist financing and proliferation financing. Syrian authorities highlighted recent legislative, regulatory and institutional reforms, including the recently announced national strategy on money laundering and terrorist financing. MENAFATF said it will continue providing technical assistance, expertise exchange and capacity-building support.
Policy & regulationCooperationAML and CFTSupervision process and methodologies
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2026-07-24•Europe•European Central Bank
The European Central Bank published slides for Philip Lane’s speech on the euro area outlook. The update points to easing inflation, underlying price pressures and wage growth, but a mixed growth picture across activity, investment, labour demand and credit. It also shows only limited fiscal changes since the June 2026 projections.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2026-07-24•Global•Ceres
Ceres will convene investors, companies and policymakers at Climate Week NYC on Sept. 23. Discussions will focus on scaling clean energy finance, balancing state energy and affordability priorities, and managing data centers’ rising energy and water demand.
OtherClimate risk and sustainable financeMarket development
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2026-07-24•Cape Verde•Bank of Cape Verde
The Bank of Cape Verde will hold Museums Forum 2026 on July 28 as part of its 50th anniversary celebrations and the third anniversary of the Museum of the Bank of Cape Verde. The forum will focus on museums' social role, cultural identity, coin design, innovation, education and UNESCO museum recommendations under the theme “Museums uniting a divided world.”
Other
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2026-07-24•Eswatini (Swaziland)•Central Bank of Eswatini
The Central Bank of Eswatini kept its discount rate unchanged at 6.75% on 24 July 2026, extending the stance in place since the 25 basis point cut in May 2025, as it lowered its 2026 inflation forecast to 3.0% and cited stronger domestic growth. It said banks are expected to maintain the prime lending rate at 10.25% until the next monetary policy meeting, with June headline inflation at 2.6%, first-quarter real GDP growth at 6.1% year on year, and reserves at SZL 11.8 billion or 2.6 months of import cover.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-07-24•Kenya•Central Bank of Kenya
The Central Bank of Kenya published the communiqué from the 29th East African Community Monetary Affairs Committee meeting, which said central banks have made progress toward monetary union but no Partner State has met all four primary convergence criteria. The committee projected EAC growth of 5.2 percent in 2026, noted progress on the cross-border payments masterplan and called for stronger macroeconomic surveillance, reserve diversification and cybersecurity cooperation.
Policy & regulationImplementation, projects & pilotsCross-border paymentsFinancial stability and systemic risk