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2026-07-23•Argentina•Argentina Superintendency of Insurance
The Argentina Superintendency of Insurance renewed a cooperation agreement with the Secretariat of Agriculture, Livestock and Fisheries and introduced a new regulatory regime for parametric insurance. The framework is intended to expand agricultural risk coverage, streamline approval of index-based products and require payouts within 15 calendar days once the relevant parameter is verified.
Policy & regulationRules & requirementsClimate risk and sustainable financeMarket development
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2026-07-23•Latin America•Financial Action Task Force of Latin America (GAFILAT)
The Financial Action Task Force of Latin America signed a cooperation agreement with FIDES to strengthen public-private collaboration on anti-money laundering, counter-terrorist financing and counter-proliferation financing. The partnership is already supporting a regional risk assessment of money laundering and terrorist financing in the insurance sector across GAFILAT member countries. It is the first GAFILAT regional sectoral risk assessment developed jointly with a private-sector representative.
Policy & regulationCooperationAML and CFTDomestic cooperation
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2026-07-23•United States•Federal Reserve Bank of Kansas City
The Federal Reserve Bank of Kansas City said its July Manufacturing Survey showed steady expansion in Tenth District manufacturing activity and continued expansionary expectations. About half of firms expect higher demand for the rest of the year, while a majority reported lower profit margins since the start of the year. Input price growth eased slightly from the prior month.
Data & statisticsEconomic data and developments
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2026-07-23•Spain•Bank of Spain
The Bank of Spain’s statistics for the second half of 2025 show non-cash payment transactions in Spain rose 10.8% year on year to 10.369 billion, while total value increased 1.9% to EUR 6.5 trillion. Cards accounted for 65.9% of transactions by volume, but transfers represented 87.9% of value. Instant transfers grew sharply, and payment cards in circulation rose 10.2% to about 126 million.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-23•Canada•Canadian Public Accountability Board
The Canadian Public Accountability Board published insights from its 2026 audit committee outreach, with AI, cybersecurity, IFRS 18 implementation and firm-specific public inspection reports identified as the main oversight issues. Discussions pointed to uneven IFRS 18 readiness, closer scrutiny of AI governance and auditors’ use of technology, and demand for timely inspection reports that can inform auditor assessments. IFRS 18 takes effect for annual periods beginning on or after January 1, 2027, with related Canadian Securities Administrators changes expected in fall 2026.
SupervisionRisk monitoring & watch pointsAuditingAccounting and financial reporting
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2026-07-23•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs published a minority staff report saying CFPB pullbacks have cost families more than USD 26 billion. In a related hearing exchange, CFPB director nominee Brian Johnson declined to promise he would alert Congress and the Inspector General if the White House contacted the agency about an enforcement case. Warren also challenged proposed CFPB staffing cuts and the withdrawal of enforcement actions.
OtherConsumer and investor protection
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2026-07-23•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs held a hearing on the nominations of Abby Warren for the Commerce Department, Irving Dennis for HUD and Brian Johnson for the CFPB. Chairman Tim Scott said the posts are important for export controls, oversight of taxpayer funds, and consumer protection within the law. He said he would work with colleagues to advance the nominees.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-07-23•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission has agreed to share corporate data with the Bangko Sentral ng Pilipinas and the Philippine Statistics Authority to improve foreign direct investment measurement and address potential underreporting. The framework combines bank and enterprise data, building on information already transmitted for more than 16,000 registered corporations and partnerships.
Policy & regulationCooperationData managementCross-border cooperationRegulatory reporting
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2026-07-23•United States•U.S. Department of the Treasury
The U.S. Department of the Treasury has sanctioned more than 50 individuals and entities linked to CJNG, including its new leader Juan Carlos Gonzalez, known as Pelon. The action targets leadership, family-controlled front companies, fentanyl and cocaine trafficking cells, fuel theft operators and a money laundering network that moved drug proceeds from the United States back to Mexico. The sanctions block U.S.-linked property and broadly prohibit U.S. dealings with the designated parties.
EnforcementSanctions & designationsNew sanctions designations
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2026-07-23•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission extended to August 26, 2026 the comment period on its review of 24/7 trading for standard energy futures and perpetual contracts tied to physically delivered or storable energy commodities. It also added questions on weekend price formation risks, operational readiness and the stayed NYMEX 10-Barrel WTI crude oil futures contract. The Commission is seeking evidence-based feedback on market integrity, surveillance, clearing and impacts on physical markets.
Policy & regulationRules & requirementsTrading
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2026-07-23•United States•Commodity Futures Trading Commission
The Commodity Futures Trading Commission has released the agenda for the Agricultural Advisory Committee’s July 29 meeting, its first of 2026. Discussions will cover the Basel III proposal, agricultural end-user risk management gaps, the Commitments of Traders report, and 24/7 trading and emerging markets. The meeting will be public, and comments may be submitted through August 7, 2026.
Policy & regulationCooperationMandate change
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2026-07-23•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved Tabuk Agricultural Development Company's proposed capital reduction to SAR 76,524,600 from SAR 391,767,000, reducing shares to 7,652,460 from 39,176,700. The move still requires extraordinary general assembly approval and other regulatory steps. The company must publish a shareholder disclosure document, and the authority said its approval only confirms regulatory compliance, not the feasibility of the reduction.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-23•Paraguay•Central Bank of Paraguay
The Central Bank of Paraguay said its Monetary Policy Committee unanimously kept the monetary policy rate at 5.50%, judging a neutral stance appropriate as domestic activity has outperformed expectations and the 2026 inflation forecast was lowered to 3.3% from 3.5% despite increased external risks. The central bank also raised its 2026 GDP growth forecast to 4.5% from 4.2% and said it will continue monitoring the external environment to ensure inflation converges to target.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-07-23•Bermuda•Ministry of Finance (Bermuda)
The Bermuda Attorney-General and Minister of Justice issued AML-ATF Advisory 2/2026 on risks linked to higher-risk jurisdictions with inadequate anti-money laundering and counter-terrorist financing controls. It reiterates that regulated firms and other relevant persons must apply enhanced customer due diligence on a risk-sensitive basis where customers or transactions involve countries identified as higher risk by the Financial Action Task Force or the Caribbean Financial Action Task Force, or jurisdictions posing elevated money laundering, corruption, terrorist financing or sanctions risks.
Policy & regulationGuidance & interpretationAML and CFT
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2026-07-23•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission participated in the 6th Angolan Compliance Conference and reiterated its support for stronger regulatory standards and a more transparent economic environment. In that context, it highlighted compliance’s role in economic sovereignty, investment attraction, governance and the credibility of Angola’s capital market.
Policy & regulationCooperationCompliance
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2026-07-23•Croatia•Croatian Financial Services Supervisory Agency
The Croatian Financial Services Supervisory Agency is consulting on a SPOT market that would display buying and selling interest in unlisted shares without executing or matching orders. Feedback is due by Aug. 17, 2026, and may inform future amendments to the Capital Market Act.
Policy & regulationOtherMarket development
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2026-07-23•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye said it hosted an Albanian delegation to discuss agricultural insurance cooperation. Discussions covered Türkiye’s TARSIM model, Albania’s key agricultural risks and insurance practices, and ways to expand information sharing and joint work between the two countries.
Policy & regulationCooperationCross-border cooperation
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2026-07-23•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Elizabeth Warren, the ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, invoked the Export Control Reform Act to require BIS records on alleged loopholes in advanced AI chip export controls. She argued that BIS’s rescission and non-enforcement of the AI Diffusion Rule undermined the Foundry Due Diligence Rule and could allow renewed diversion of advanced chips to China. Warren requested the information by Aug. 6, 2026.
Policy & regulationOtherArtificial intelligence
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2026-07-23•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs released written responses from three Trump nominees and said they failed to answer basic questions tied to their prospective roles. The issues raised included National Credit Union Administration governance and deregulation, HUD inspector general oversight of fair housing and civil rights, and economic conditions and gas prices. All three nominees also declined to answer questions about presidential election results.
Institutional developmentLeadership change & appointmentsOther
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2026-07-23•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
The U.S. Senate Committee on Banking, Housing and Urban Affairs entered closed session during a markup on NCUA, HUD inspector general and Council of Economic Advisers nominees after Elizabeth Warren raised concerns about FBI background investigation briefings. Warren said key questions remained unanswered, and the committee later voted 12-10 to return to closed session.
Institutional developmentGovernanceLeadership change and appointments
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2026-07-23•United States•U.S. Senate Committee on Banking, Housing and Urban Affairs
Senator Elizabeth Warren, in her capacity as ranking member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, joined two House Oversight members in pressing Barclays for details on how it investigated Jes Staley’s relationship with Jeffrey Epstein. The lawmakers questioned Barclays’ 2019 account to U.K. regulators, cited the Financial Conduct Authority’s lifetime ban on Staley, and challenged the bank’s decision to let him resign with compensation. They also pointed to Barclays’ large U.S. operations in arguing that the issue raises management fitness and governance concerns.
OtherCorporate governance
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2026-07-23•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario warned that some GAP insurance for financed or leased vehicles is being sold by unlicensed businesses and individuals, which could leave buyers with invalid coverage and unpaid claims. It said products described as loyalty programs may still be insurance and must comply with the Insurance Act. Consumers were urged to verify that the insurer and any agent or broker are licensed in Ontario.
SupervisionAlertsUnlicensed or unauthorized activity
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2026-07-23•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator has published the latest Risk Panel for the pension funds sector, based on financial market data as of June 14, 2026 and pension fund management reporting as of March 31, 2026.
SupervisionRisk monitoring & watch pointsRisk analysis and outlookSupervisory data
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2026-07-23•Europe•European Financial Reporting Advisory Group
The European Financial Reporting Advisory Group has issued the ESRS-40a Exposure Draft for consultation as technical advice to the European Commission on sustainability reporting by certain non-EU undertakings with significant EU activities. The draft would support CSRD implementation, with feedback feeding into final advice due in January 2027. First reporting is expected for financial year 2028, with publication in 2029.
Policy & regulationInternational standards & recommendationsAccounting and financial reportingClimate risk and sustainable finance
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2026-07-23•Canada•Canadian Securities Administrators
The Canadian Securities Administrators is consulting on rule changes to permanently raise the listed issuer financing exemption limits to CAD 25 million, or up to CAD 50 million for larger companies, over 12 months. The proposals would codify a 2025 blanket order and streamline other conditions of the exemption. The authority said the higher limits supported CAD 3.7 billion of fundraising in the first year.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-07-23•Algeria•Algeria Market Authority (COSOB)
The Algeria Market Authority said Banque de Développement Local Spa will pay its 2025 financial year dividend on July 22, 2026, at DZD 107 per share.
Other
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2026-07-23•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission will hold a public roundtable on Sept. 17, 2026 on moving toward 24-hour trading in U.S. equity markets. It will address preparations for overnight trading, market operations and resiliency, and the opportunities and challenges of expanded trading hours. Agenda and speaker details will be posted before the event.
Policy & regulationReform agendas & prioritiesTrading
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2026-07-23•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission discussed a Technical Cooperation Agreement with the Institute for Climate and Society to create and operate the Brazilian Carbon Markets Observatory, OBCarbono. The planned public-interest structure would focus on technical knowledge, capacity building, institutional coordination and public dissemination on carbon markets.
Policy & regulationCooperationCarbon marketsClimate risk and sustainable finance
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2026-07-23•Europe•European Commission
The European Commission has launched two EU financial literacy initiatives: a call to identify successful projects and a stakeholder roundtable to help draft a voluntary code of conduct. The best-practice exercise covers investing, saving and financial risk literacy, while the code is intended to set standards on transparency, unbiased content and conflict-of-interest safeguards. The code is expected in the first quarter of 2027.
Financial literacy & educationFinancial literacy and education
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2026-07-23•Europe•European Commission
The European Commission welcomed the EU's 21st sanctions package against Russia, which tightens restrictions on energy, banking, crypto, trade and the military-industrial complex. The package adds 218 listings, extends transaction bans to more than 100 Russian banks and introduces new crypto and shadow fleet measures. It also creates the basis for a future EU visa ban on Russian combatants and ex-combatants, subject to further Council action.
Policy & regulationRules & requirementsSanctions list update
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2026-07-23•Europe•European Central Bank
The European Central Bank has published the jury report naming ten winning design proposals for future euro banknotes, with five proposals each for the themes “European culture” and “Rivers and birds”. The shortlist emerged from 39 submissions assessed by an independent euro area jury. The Governing Council is expected to make the final design choice at end-2026 after considering the public’s preferences.
Policy & regulationImplementation, projects & pilotsCurrency and cash management
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2026-07-23•South Africa•South African Reserve Bank
The South African Reserve Bank’s Monetary Policy Committee kept the policy rate at 7.0% in July 2026 by a four-to-two vote, saying inflation at 5.0% remains too high against the 3% target while growth is weak and the prior 25 basis point increase in May leaves policy appropriately restrictive for now. The committee expects headline inflation to stay above 4% until early next year, sees slower growth in the second and third quarters, and said decisions will remain meeting by meeting despite its model implying broadly stable rates this year and cuts later as inflation returns to target.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-07-23•Saudi Arabia•Saudi Arabia Capital Markets Authority
The Saudi Arabia Capital Markets Authority approved AlBilad Investment Company's public offer of the Saudi Center for Quran Recitations and Prophetic Hadiths Endowment Fund. It said the approval reflects compliance with legal requirements and is not a recommendation to subscribe.
SupervisionAuthorisations & approvalsSecurities offerings and listings
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2026-07-23•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan’s financial market regulator has reissued KM Life’s license for insurance and reinsurance activities in the life insurance sector. The reissued license adds an additional class of voluntary insurance.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-23•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan is selecting candidates to chair the liquidation commissions of Astana Bank JSC and Eximbank Kazakhstan JSC. Applicants must have relevant higher education and knowledge of Kazakhstan's liquidation rules for financial institutions. Applications are due by 18:00 on July 29, 2026.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-07-23•India•Securities & Exchange Board of India
The Securities and Exchange Board of India has overhauled the transmission process for listed securities and Asset Management Company units, introducing Quick Transmission Processing for low-value no-nomination claims and standardising documentation across market entities. Quick Transmission Processing applies up to INR 10,000 for physical holdings and INR 30,000 for dematerialised holdings, while simplified documentation applies up to INR 10 lakh and INR 30 lakh respectively. The framework takes effect in 30 days, requires complete claims to be processed within 21 calendar days, and triggers six months of monthly reporting to SEBI.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-07-23•China•China Securities Regulatory Commission
The China Securities Regulatory Commission used a first-half work review meeting to set its second-half capital markets agenda around market stability, reform and stricter enforcement. Priorities include more targeted countercyclical adjustment, expanding long-term funds’ market participation, cracking down on fraud and market abuse, and issuing futures company supervisory rules soon. The commission also flagged risks tied to market infrastructure, local government financing platforms and real-estate-related bonds.
Policy & regulationReform agendas & prioritiesMarket developmentSupervision process and methodologies
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2026-07-23•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has published its 2025 departmental final accounts.
Institutional developmentGovernanceAccounting and financial reporting
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2026-07-23•Global•Institute of International Bankers
The Institute of International Bankers and other trade groups issued a joint paper on safer ways to share sensitive information with bank examiners. It backs greater use of firm-controlled access and narrower sharing of detailed records, alongside redaction and need-to-know access controls. The paper complements recent interagency supervisory guidance from the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corporation.
Policy & regulationGuidance & interpretation
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2026-07-23•Indonesia•OJK
The Indonesia Financial Services Authority said its two 2026 startup accelerator programs under OJK Infinity have moved participants into intensive mentoring ahead of Demo Day. One program targets financial services technology startups, while the other focuses on intellectual-property-based digital innovation for the creative economy. Both sit within a broader pipeline covering idea development, acceleration, regulatory sandbox and implementation.
Policy & regulationImplementation, projects & pilotsFintech and insurtechRegulatory sandbox
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2026-07-23•Romania•Romanian Financial Supervisory Authority
The Romanian Financial Supervisory Authority published its Daily Market Report for 23 July 2026. It also referred readers to the Daily Market Report and Morning Call archive for 2021 to 2026.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-23•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority highlighted an HKICL warning about a fraudulent website, hkiclfps[.]cc, that impersonates HKICL and claims to offer buyer protection services for FPS transactions. HKICL said the site is unaffiliated with it, does not reflect its business and should be treated as suspicious.
SupervisionAlertsFraud and scams
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2026-07-23•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority published the results of a reopening tender for RMB0.75 billion of 1-year institutional Government Bonds under the Infrastructure Bond Programme. Applications totaled RMB6.628 billion, giving a bid-to-cover ratio of 8.84. The average accepted price was 100.34, implying an annualised yield of 1.286%.
Monetary policyMonetary policy instruments & operationsMonetary data
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2026-07-23•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority published the tender results for a reopening of existing 3-year RMB institutional Government Bonds under the Infrastructure Bond Programme. RMB1.0 billion was issued against RMB7.520 billion of bids, with a 7.52 bid-to-cover ratio and an average accepted price of 103.02, implying an annualised yield of 1.454%.
Monetary policyMonetary policy instruments & operationsFinancial and market indicators
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2026-07-23•Brazil•Central Bank of Brazil
The Central Bank of Brazil provided details on an ongoing OECD survey that will assess financial literacy, inclusion and well-being across Brazil and feed into future public policy and financial education work. The exercise covers 2,000 respondents aged 18 to 79 nationwide using the OECD/INFE toolkit. The central bank said interviews do not request passwords or account numbers and that collected personal data will be used only in aggregated statistical analysis.
ResearchFinancial literacy and education
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2026-07-23•Europe•European Central Bank
The European Central Bank left its key interest rates unchanged, keeping the deposit facility rate at 2.25%, the main refinancing operations rate at 2.40% and the marginal lending facility rate at 2.65%. It cited continued uncertainty over the inflation impact of volatile energy prices and said future decisions will remain data-dependent and meeting by meeting. APP and PEPP holdings continue to run off without reinvestments.
Monetary policyPolicy rate decisionsMonetary policy decisions and developments
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2026-07-23•Kyrgyzstan•National Bank of the Kyrgyz Republic
The National Bank of the Kyrgyz Republic imposed a KGS 17,500 fine through its Issyk-Kul regional office on a citizen for conducting cash foreign currency exchange operations without a license.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-07-23•Greece•Bank of Greece
The Bank of Greece kept Greece's countercyclical capital buffer unchanged at 0.5%, effective from 1 October 2026, after assessing cyclical systemic risks in the third quarter of 2026 as low and the risk environment as standard. The buffer guide remains at zero because the credit-to-GDP gap is still negative, although some indicators show emerging risks in corporate credit growth, residential real estate prices and the current account. Until 30 September 2026, banks remain subject to a 0.25% CCyB rate.
Policy & regulationRules & requirementsCapital adequacyMacroprudential policy and tools
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2026-07-23•Ukraine•Ukraine National Commission on Securities and Stock Market
The National Securities and Stock Market Commission of Ukraine used an opinion column by its chairman to explain the case for introducing covered bonds in Ukraine. The piece also points to a joint draft law with the National Bank of Ukraine to establish EU-aligned rules for securitization and covered bonds. Covered bonds were presented as a source of long-term funding with added investor protection through backing by a separate asset pool.
Policy & regulationGuidance & interpretationSecuritization
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2026-07-23•Europe•European Banking Authority
The European Banking Authority has opened four consultations on draft DGSD3 rules covering depositor information, failure-related information exchange, client funds payouts and investment of deposit guarantee scheme funds. The measures aim to standardise depositor protection practices across the European Union and improve operational readiness in bank failures. These are the first four of 12 EBA mandates under the revised directive.
Policy & regulationRules & requirementsClient asset custody and safekeeping
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2026-07-23•Türkiye•Insurance and Private Pension Regulation and Supervision Agency of Türkiye
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has amended its insurance support services rules to require assistance providers used by insurers to meet defined standards. The changes introduce a minimum capital requirement and set criteria for establishment, ownership, organization and operations for firms providing services such as roadside assistance, towing and emergency support.
Policy & regulationRules & requirementsOther
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2026-07-23•Portugal•Portuguese Insurance Regulator (ASF)
The Portuguese Insurance Regulator has published its 2025 Market Conduct Regulation and Supervision Report. It reviews the main risks identified in the insurance and pension fund sectors and the supervisory measures taken to protect consumers and support proper market functioning.
SupervisionRisk monitoring & watch pointsSupervision process and methodologies
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2026-07-23•Latvia•Central Bank of Latvia
The Central Bank of Latvia has licensed SIA C Capital Markets, a Citadele subsidiary, as an investment firm. Its authorised activities cover placing financial instruments without a firm commitment basis and services related to the initial allocation of financial instruments. The central bank said the formal application was processed in less than a month after pre-licensing engagement.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-23•Estonia•Central Bank of Estonia
The Central Bank of Estonia will publish its statistical release on third-quarter 2026 payment statistics on 26 October 2026 at 08:00. The quarterly release accompanies the regular payment statistics and covers main changes in payments, card use and payees by economic activity.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-23•Türkiye•Central Bank of Türkiye
The Central Bank of Türkiye kept its one-week repo auction rate at 37% on 23 July 2026 and left the overnight lending and borrowing rates unchanged at 40% and 35.5%, citing a slight easing in underlying inflation in June, a temporary rise signalled for July, renewed energy price pressures amid geopolitical uncertainty, and continued weakness in domestic demand. The Monetary Policy Committee said tight policy would be maintained until price stability is achieved, with decisions remaining prudent and meeting-by-meeting, close monitoring of liquidity conditions, and scope to tighten the stance or use additional macroprudential measures if the inflation outlook or credit and deposit markets worsen.
Monetary policyMonetary policy instruments & operationsMonetary policy decisions and developments
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2026-07-23•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has decided to ban Alec Finch and Robert Finch from UK financial services after a High Court judgment found fraud and misuse of client money at AFL Insurance Brokers Limited. The FCA said they used client money to fund business expenses and created false financial records to support a sale of the firm. Both have referred the Decision Notices to the Upper Tribunal, so the findings remain provisional.
EnforcementSanctions & designationsFraud and scams
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2026-07-23•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority has outlined its expectations for managing conflicts of interest in vertically integrated insurance models. It said firms must actively identify, manage and evidence conflicts, and that disclosure alone is not enough. The FCA has already contacted some firms, may request data, and warned it can escalate from supervision to enforcement where business models risk consumer harm.
Policy & regulationGuidance & interpretationCorporate governance
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2026-07-23•Oman•Oman Financial Services Authority
The Oman Financial Services Authority warned Wayt United and Gulf Center Consultancy and Audit after finding breaches of audit report signing, record-retention and professional standards requirements. Both firms have three months to remedy the violations, after which statutory penalties may be imposed.
SupervisionInterventionsAuditing
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2026-07-23•Seychelles•Seychelles Financial Services Authority
The Seychelles Financial Services Authority said HDR Global Trading Limited, trading as BitMEX Exchange, is winding up its Seychelles virtual asset business after withdrawing its licence application under the Virtual Asset Service Providers Act, 2024. Its transitional authorization ended on 23 July 2026, and it may now operate only to close positions and return client assets. Exchange operations must cease by 23 September 2026.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-07-23•United Arab Emirates•Ministry of Economy (UAE)
The United Arab Emirates Ministry of Economy convened its fifth Investopia India dialogue to advance bilateral investment and private-sector cooperation. Discussions covered financial connectivity, advanced industries, artificial intelligence and the UAE-India economic corridor, while Lulu Group announced an AED 1.53 billion Ahmedabad project expected to create more than 15,000 jobs.
Policy & regulationCooperationCross-border cooperation
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2026-07-23•Europe•European Central Bank
The European Central Bank has issued a T+1 corporate events implementation guide for AMI-SeCo markets, setting harmonised timelines and processing rules for distributions, reorganisations and elective events. It defines how market claims, transformations and buyer protection should work for unsettled trades, including key deadlines and operational rules for CSDs and CCPs. The guidance will also feed into AMI-SeCo’s Single Rulebook for Corporate Events.
Policy & regulationGuidance & interpretationMarket infrastructure
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2026-07-23•Zimbabwe•Ministry of Finance & Economic Development (Zimbabwe)
The Zimbabwe Ministry of Finance & Economic Development published a press statement on approved regulatory reforms for the manufacturing, health, financial services and real estate sectors.
Policy & regulationRules & requirementsOther
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2026-07-23•Mozambique•Ministry of Finance (Mozambique)
Mozambique's Finance Minister used remarks at BFSI Mozambique 2026 to outline the government's push to use digital tools and data to improve credit access, especially for informal businesses and small firms. She linked electronic payments, e-invoicing and mobile wallets to better financial histories, and reviewed ongoing reforms including payments, tax, digital identity and proposed crowdfunding measures.
Policy & regulationReform agendas & prioritiesFinancial inclusionPayments and payment systems
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2026-07-23•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan’s June data showed annual M2 growth rising to 8.13%, while M1B growth slowed to 9.40%. Annual growth in loans and investments of monetary financial institutions eased to 8.80% from 9.37%. Including life insurers and adjusted loan data, broader financial institution loans and investments grew 7.32% year on year.
Data & statisticsMonetary data
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2026-07-23•Georgia•National Bank of Georgia
The National Bank of Georgia has published its 2026-2028 supervisory strategy, outlining its medium-term priorities and action plan for financial sector oversight. The five priorities cover alignment with international standards, stronger risk management, financial innovation and consumer protection, securities market development, and more forward-looking and inclusive supervision. The document also reviews significant 2025 developments and progress under the previous strategy.
SupervisionSupervision approach, priorities & toolkitSupervision process and methodologies
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2026-07-23•South Korea•Ministry of Economy & Finance (South Korea)
South Korea's Ministry of Economy and Finance said it used investor meetings in London and Singapore to promote the country's second half growth strategy and its won internationalization roadmap. The ministry also said it will launch a Global Core Investor Consultative Body for regular dialogue with overseas investors and to address issues linked to foreign exchange and capital market reforms.
Policy & regulationReform agendas & prioritiesMarket development
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2026-07-23•Russia•Central Bank of Russia
The Central Bank of Russia reported that the maximum interest rates on ruble deposits at the 10 banks with the largest household deposit volumes were 12.79% in the first 10 days of July 2026 and 12.83% in the second 10 days.
Data & statisticsFinancial and market indicators
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2026-07-23•Thailand•Thailand Office of Insurance Commission
The Thailand Office of Insurance Commission and the Thai Insurance Brokers Association delivered funding to hire contract teachers, plus educational equipment and teaching materials, under the 2026 Volunteer Insurance Teachers project. The latest activity supported a school in Lopburi and marked the third project event of 2026. The next handover is planned for a Border Patrol Police school in Ratchaburi.
Financial literacy & educationFinancial literacy and education
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2026-07-23•Romania•National Bank of Romania
The National Bank of Romania's June 2026 monetary data showed broad money M3 at RON 803.9 billion, down 0.3% on the month and up 7.8% on the year. Nongovernment credit rose to RON 473.7 billion, up 1.9% on the month and 8.4% on the year, while resident nongovernment deposits slipped 0.4% on the month to RON 680.9 billion but were 8.2% higher than a year earlier.
Data & statisticsMonetary data
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2026-07-23•Poland•Polish Financial Supervision Commission (KNF)
The Polish Financial Supervision Commission recalled that the 21 July 2006 Act on financial market supervision established KNF as Poland’s unified financial supervisor. It replaced the Insurance and Pension Funds Supervisory Commission, the Securities and Exchange Commission from 2006, and the Bank Supervision Commission from 2008.
Policy & regulationRules & requirementsOrganizational structure
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2026-07-23•Angola•Angola Capital Markets Commission
The Angola Capital Markets Commission has launched SICCP, a platform for handling feedback on draft legal, regulatory and other public consultation documents. All contributions, comments and questions on its public consultations must now be submitted exclusively through that system.
Policy & regulationImplementation, projects & pilotsRegulatory reporting
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2026-07-23•Malaysia•Malaysia Securities Commission
The Malaysia Securities Commission said the Kuala Lumpur Sessions Court jailed former bank analyst Mohd Arif Fadzlee bin Mohd Arifin for three years after convicting him of unlicensed securities activity and misusing the Unit Trust Consultant title. He was found to have held himself out in 2011 as a representative of CIMB Wealth Advisors Berhad for dealing in securities without the required licence or registration. The two three-year jail terms will run concurrently.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-07-23•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore hosted the 31st EMEAP Governors’ Meeting, where central bank governors discussed macroeconomic conditions, global uncertainty and the effects of artificial intelligence on economies and financial stability. They reaffirmed the need for vigilance and agility, and agreed to deepen exchanges on digital fraud and scams affecting the financial sector. Bank Indonesia will chair and host the next EMEAP Governors’ Meeting in 2027.
Monetary policyMonetary policy assessments & outlooksArtificial intelligenceMacroprudential policy and tools
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2026-07-23•South Korea•South Korea Financial Services Commission
South Korea's Financial Services Commission said the Securities and Futures Commission sanctioned Dexter Studios for accounting violations, including a three-year auditor designation, a correction order and criminal action against two former chief executive officers. The findings covered overstated revenue, understated financial liabilities and obstruction of the external audit. Daejoo Accounting and two CPAs were also sanctioned for negligent audit work and breaches of audit restriction rules.
EnforcementInvestigations & enforcement actionsAuditing
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2026-07-23•South Korea•South Korea Financial Services Commission
The South Korea Financial Services Commission and the Ministry of Trade, Industry and Energy discussed investment support for critical minerals projects aimed at stabilizing supply chains for advanced industry inputs. The Financial Services Commission said the National Growth Fund will support high-impact projects across overseas resource development, processing and recycling. Companies asked for stronger public risk sharing as they face global competition, equipment and technology constraints, and feedstock shortages in recycling.
Policy & regulationImplementation, projects & pilotsOther
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2026-07-23•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan’s financial market regulator reminded consumers that co-borrowers on a loan are fully liable alongside the main borrower. It warned that if the borrower defaults, the lender may pursue the co-borrower for repayment and use legal recovery measures. The agency also highlighted that this status is broader than that of a guarantor.
Financial literacy & educationLending
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2026-07-23•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission and Securities Commission Malaysia signed an MoU that expands their mutual recognition of funds regime and creates a simplified framework for dual IPO listings. The broadened regime now covers non-Islamic ETFs, leveraged and inverse products, and REITs, replacing the earlier Islamic-funds-only arrangement. The Stock Exchange of Hong Kong has also recognised Bursa Malaysia Securities to facilitate equity cross-listings.
Policy & regulationCooperationCross-border paymentsSecurities offerings and listings
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2026-07-23•Indonesia•Bank Indonesia
Bank of Indonesia reported that M2 rose 8.7% year on year in June 2026 to IDR 10,432.8 trillion, down from 10.8% in May. Growth was supported by M1 and quasi-money, while loan growth accelerated and growth in net claims on the central government slowed.
Data & statisticsMonetary data
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2026-07-23•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore said 5-cent coins still have a use in Singapore and will continue issuing them to meet demand while monitoring their longer-term relevance. It also clarified that merchants may refuse certain coins under the Currency Act if they display a written notice to customers.
Policy & regulationGuidance & interpretationCurrency and cash management
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2026-07-23•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore released its June 2026 report, prepared with the Ministry of Trade and Industry, updating readers on the latest consumer price developments in Singapore.
Data & statisticsEconomic data and developments
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2026-07-23•Malaysia•Malaysia Securities Commission
Securities Commission Malaysia and the Hong Kong Securities and Futures Commission have signed an MoU to expand mutual recognition and cross-listing of ETFs and REITs and to support simplified dual IPO listings between the two markets. The framework extends eligible fund products to several ETF categories and REITs, while Hong Kong has recognised Bursa Malaysia Securities for secondary listings by its listed companies. The fund measures are effective immediately, and the dual IPO framework will start in September 2026.
Policy & regulationCooperationCross-border cooperation
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2026-07-23•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong's Financial Services and the Treasury Bureau said Hong Kong and Malaysian regulators signed MOUs covering mutual recognition of funds, cross listings of equity securities, and co-operation on audit oversight and financial reporting compliance. Bursa Malaysia was also recognised by Hong Kong Exchanges and Clearing Limited, enabling Main Market issuers to seek a secondary listing in Hong Kong. The discussions also covered wider Hong Kong-Malaysia collaboration, including Islamic finance.
Policy & regulationCooperationCross-border cooperationAccounting and financial reporting
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2026-07-23•Bolivia•Ministry of Finance (Bolivia)
Bolivia's Financial System Supervisory Authority said Supreme Decree 5630 borrower relief is already in force and does not require further regulation. Banks and financial leasing companies must process voluntary refinancing and rescheduling requests from borrowers affected by social conflicts, roadblocks and other adverse events. The relief is not automatic, preserves the existing interest rate and credit classification, and shifts documentation costs to the lender.
Policy & regulationGuidance & interpretationConsumer and investor protection
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2026-07-23•Bolivia•Ministry of Finance (Bolivia)
Bolivia's Productive Development Bank has launched Creciendo Juntas BDP, expanding Mujer BDP with financing for women in trade and services linked to national production. The program uses group guarantees for three to five women and offers initial loans of up to Bs80,000 for 12 months at a preferential fixed rate. Borrowers with good repayment records and training participation can later refinance up to Bs150,000 for up to 24 months with a 1 percentage point rate cut.
Policy & regulationImplementation, projects & pilotsSME financing
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2026-07-23•Australia•Australian Prudential Regulation Authority
The Australian Prudential Regulation Authority has expanded its section 66 exemption for foreign entities issuing wholesale debt securities in Australian capital markets. The exemption now also covers foreign bank holding companies, foreign bank treasury companies, multilateral development banks and foreign subsidiaries of Australian banking groups, subject to prudential regulation conditions. APRA did not extend the exemption beyond wholesale debt issuance, and the instrument will take effect once registered.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-07-23•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission has asked the public prosecutor to sue 12 people over manipulation of ECF shares, seeking THB 269.95 million plus interest and maximum statutory trading and management bans. The 12 refused to settle under previously imposed civil sanctions, and the matter has also been referred to the Anti-Money Laundering Office.
EnforcementInvestigations & enforcement actionsMarket abuse
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2026-07-23•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission filed a criminal complaint against Bitkub and two former directors over allegedly false regulatory reports following a 2021 cybertheft of 16 cryptocurrencies worth about THB 1.7 billion. The case will proceed through police investigation, potential prosecution and court adjudication.
EnforcementInvestigations & enforcement actionsCapital adequacyOperational risk and resilience
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2026-07-23•South Korea•Bank of Korea
The Bank of Korea's advance estimate showed real GDP grew 0.6 percent quarter on quarter and 3.7 percent year on year in the second quarter of 2026. Exports, private consumption and intellectual property products investment supported growth, while construction and agriculture weakened. Real gross domestic income rose 3.6 percent on the quarter and 15.6 percent on the year.
Data & statisticsEconomic data and developments
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2026-07-23•Canada•Ontario Securities Commission
The Ontario Securities Commission alleged that Craig Dunkerley and related BG Wealth Group entities defrauded investors and breached a temporary cease trade order. The allegations say approximately CAD 908,000 was raised from four investors between November 2023 and August 2024 through misrepresentations about the group's finances and undisclosed cash flow issues. Mr. Dunkerley and two other respondents also allegedly breached the order 20 times by continuing to trade securities.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-07-23•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission said former Coinshype director Brendan Gunn was sentenced after pleading guilty to dealing with AUD 181,000 reasonably suspected to be proceeds of crime from a cryptocurrency investment scam targeting Australians. He received a 12-month prison sentence and was released immediately on a AUD 3,000 recognizance with a 12-month good behaviour condition. The case followed an ASIC investigation into Mormarkets bank accounts that had been the subject of repeated fraud warnings from banks.
EnforcementInvestigations & enforcement actionsFraud and scamsAML and CFT
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2026-07-23•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission is consulting on a shorter, principles-based replacement for its current sell-side research guidance. The draft would cut Regulatory Guide 264 from 42 pages to eight and give research analysts greater input into IPOs while retaining expectations on conflicts, inside information and research independence. The proposal follows industry feedback seeking a less prescriptive framework.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2026-07-23•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission is consulting on remaking the relief that exempts low-volume financial markets from holding an Australian market licence before the current instrument sunsets on 1 October 2026. Its only substantive proposed change is to raise the transaction value threshold to AUD 2.5 million from AUD 1.5 million, while keeping the 100-transaction limit. Other amendments are minor and technical.
Policy & regulationRules & requirementsMarket development
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2026-07-22•Cuba•Central Bank of Cuba
The Central Bank of Cuba issued the first part of a historical review of currency circulation before the Revolution. It focuses on the failed 1904 private banknote issuance, the 1907 currency strike, and Cuba's 1914 monetary system based on metallic coins under gold and silver standards. The piece also notes later demonetization of gold coins in 1934 and says the series will continue.
ResearchMonetary data
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2026-07-22•Costa Rica•Central Bank of Costa Rica
The Central Bank of Costa Rica kept the Tasa Básica Pasiva at 3.65% and set the Tasa Efectiva en Dólares at 2.99%, down from 3.05%, effective July 23, 2026.
Monetary policyPolicy rate decisionsMonetary data
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2026-07-22•Peru•Central Bank of Peru
The Central Bank of Peru said traditional exports rose 52.2 percent year on year to USD 7.709 billion in May 2026. Higher prices for metals and hydrocarbons were the main driver, while export volumes also increased 8.8 percent. For January to May, traditional exports totaled USD 38.404 billion, up 52.8 percent.
Data & statisticsBalance of payments and other external statistics
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2026-07-22•United States•U.S. Financial Services Committee
The U.S. House Committee on Financial Services urged the Federal Reserve to improve the speed and efficiency of its review of bank merger and acquisition applications. Its letter called for implementation of Office of Inspector General recommendations, review of long-pending applications and broader use of delegated authority.
Policy & regulationReform agendas & prioritiesOperational excellence
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2026-07-22•Canada•British Columbia Securities Commission
The British Columbia Securities Commission alleges that Connor Sinclair Gardiner-Ingram raised CAD 4.6 million from investors for purported cryptocurrency trading bot investments and diverted the funds to personal uses. It also alleges he made false statements under oath to investigators. The allegations have not been proven, and he may appear on September 15, 2026 before a hearing is scheduled.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-07-22•Philippines•Philippine Securities and Exchange Commission
The Philippine Securities and Exchange Commission reviewed its sustainability disclosure framework, including standards aligned with the International Sustainability Standards Board and phased assurance for greenhouse gas emissions disclosures. It also highlighted ongoing ASEAN work on climate adaptation finance, external reviewers and transition finance.
Policy & regulationReform agendas & prioritiesClimate risk and sustainable financeDisclosuresESG
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2026-07-22•Serbia•National Bank of Serbia
The National Bank of Serbia reported that banks approved relief for 79% of borrower-requested loan accounts processed in the first quarter of 2026, covering RSD 1.9 billion in outstanding debt. Lenders initiated relief for another 913 accounts after identifying early repayment difficulties. Repayment-period extensions were the most common measure.
SupervisionRisk monitoring & watch pointsLending
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2026-07-22•Ireland•Department of Finance (Ireland)
Ireland's Department of Finance has appointed Eamonn Sinnott to the Central Bank Commission for five years, effective July 23, 2026. He becomes its sixth ministerially appointed member.
Institutional developmentLeadership change & appointmentsLeadership change and appointments