The Central Bank of the Republic of Guinea has issued a notice concerning the acquisition and deployment of SWIFT infrastructure at the central bank.
The Banking Commission of the Central African Republic published a communiqué setting out the results of tender AON/OPIL No. 28/E7/2026-BEAC dated 14 July 2026.
The Angola Capital Markets Commission has approved the registration of KHRONOS, a closed-end special securities investment fund focused on Angola’s money and capital markets. The fund may invest mainly in listed shares, public and private debt, money market instruments including commercial paper in AOA or foreign currency, and bank deposits. Kyros Asset Management will manage the fund and Banco de Negócios Internacional will serve as depositary.
In a keynote address, the Bank of Ghana said its Digital Banking Framework and draft guidelines are ready for stakeholder consultation as it reshapes supervision around digital finance and ecosystem resilience. The update also pointed to advanced work on open banking, ongoing e-Cedi exploration and joint work with the Securities and Exchange Commission on virtual asset licensing and implementation rules. It tied that agenda to tighter cyber, cloud and artificial intelligence governance and broader sectorwide cyber oversight.
The Egypt Financial Regulatory Authority signed a cooperation protocol with the Therapeutic Institution to launch the “Investing for Human Health” initiative, which will support and finance hospital development projects. The move expands the institution’s “Partners in Impact” platform for strategic partnerships and sustainable financing. The authority linked the initiative to its work on governance, sustainability, social responsibility and healthcare-related non-bank financial activity.
The Egypt Financial Regulatory Authority has launched its 2026 summer training program for Egyptian university students to support nonbank financial literacy and practical skills development. The program attracted 7,480 applicants, with 228 students moving into one-month practical placements after lectures and qualifying tests. It targets students in finance-related, legal and technology-linked disciplines.
The U.S. House Financial Services Committee is holding an oversight hearing with CFPB Acting Director Russ Vought on the bureau’s semi-annual report, ongoing agency changes and possible reforms. In prepared remarks, Chairman French Hill said the committee is pursuing legislative changes to curb what he described as past CFPB overreach and to set clearer statutory and supervisory guardrails.
The U.S. Financial Services Committee said the House passed three bills addressing coin production, failed bank acquisitions and firearms-related payment card coding. The measures would end penny production and allow a cheaper nickel, require fair regulatory evaluation of failed bank bids, and prohibit merchant category codes that specifically identify firearms retailers.
The Office of the Comptroller of the Currency used remarks by Comptroller Jonathan Gould to describe a supervisory reset toward material financial risk, greater consistency in examinations and support for innovation within the federal banking system. Gould also said the OCC will use technology and AI to speed supervisory judgments, validate large-bank risks more directly and press banks, particularly the largest, for faster remediation.
The Canadian Securities Administrators issued updated cybersecurity guidance after a compliance review of 73 registered firms. The review found that many firms had solid frameworks, especially larger firms, but also highlighted gaps in areas including controls, third-party oversight and incident response. Firms are expected to assess the guidance against their own operations and address weaknesses.
The Financial Services Regulatory Authority of Ontario has started enforcement action against Jason A N Singh over alleged false and deceptive information in mortgage dealings and alleged false or misleading information provided to FSRA. The regulator is seeking to refuse renewal of his mortgage agent licence and impose a CAD 50,000 administrative penalty. Singh has requested a hearing before the Financial Services Tribunal.
Payments Canada published a PayPod episode assessing the United Kingdom's open banking experience for relevance to Canada. The discussion draws on case studies from three United Kingdom-based fintechs and focuses on practical lessons rather than a new policy announcement.
The OECD’s peer review of Uruguay’s National Contact Point for Responsible Business Conduct finds it is under-resourced and only partly functioning in practice despite having a formal legal basis and interagency structure. Key gaps include one part-time staff member, no specific instances handled, an inactive advisory body and procedures not aligned with the 2023 OECD Guidelines. The OECD recommends a relaunch, at least one full-time staff member, updated procedures and stronger promotion and policy coordination.
The World Bank Group institutions IBRD, IDA and IFC signed an MoU with ISDA to improve access to international derivatives markets in emerging markets and developing economies. The cooperation will focus on legal and regulatory reform, research and capacity building to help countries develop the infrastructure needed for risk management and capital market development.
The Wolfsberg Group has issued guidance for banks providing services to non-bank payment service providers, with a focus on managing financial crime risk in increasingly complex payment chains. The framework emphasizes risk-based due diligence, payment transparency and a strong understanding of each PSP's business model and controls. It also clarifies roles in meeting payment information requirements, including under FATF Recommendation 16.
The Egmont Group adopted a statement and published guidance calling for stronger FIU-led public-private partnerships in anti-money laundering and counter-terrorist financing. It said partnerships should become more structured, cross-border where needed, and supported by clear legal bases, safeguards and secure information-sharing. The guidance also emphasizes that technology can support analysis, but human-led intelligence should remain decisive.
Luxembourg’s provisional current account surplus fell EUR 319 million from a year earlier to EUR 1.35 billion in the first quarter of 2026. A weaker goods balance drove the decline, while the services balance was broadly stable as growth in financial services offset weaker nonfinancial services.
In an interview, the Dominican Republic Pensions Superintendency described how pension fund assets are being channeled into sustainable and productive projects. It said about 20% of the total pension fund portfolio is invested through investment funds, with around 34% of that allocation going to energy and 34% to tourism. The discussion also pointed to the country's 2024 green taxonomy, Banfondesa's sustainable bonds and a recently approved education fund as part of the current investment landscape.
The Bank of France's 2025 annual report says regulated savings remained attractive despite lower remuneration, with outstanding balances reaching nearly EUR 950 billion at the end of 2025, including EUR 440 billion in Livret A. Flows slowed but stayed positive for Livret A, LDDS and LEP, while LEP holders rose to more than 12 million. The report also highlights the sector's financing role, with the Savings Fund granting EUR 41.6 billion of new loans in 2025, up 49% from 2024.
The Financial Transactions and Reports Analysis Centre of Canada was named by the RCMP as a partner in an investigation that dismantled a synthetic drug lab in Ontario. The operation led to seven arrests and charges, and to seizures including 42 kg of suspected MDMA, 7 kg of suspected methamphetamine and 540 kg of suspected precursor chemicals.
The Bank of Canada’s July Monetary Policy Report says Canada’s economy is beginning to recover, with growth expected to strengthen and inflation to ease gradually from above 3% back to target. It says the overall outlook is little changed, despite a weaker start to 2026 and somewhat higher near-term inflation. The main inflation risks remain Canada’s trade relationship with the United States and the war in the Middle East.
The Reserve Bank of India has issued draft guidance on regulatory expectations for data governance for public comment. It is designed to strengthen data governance and data management practices across the data lifecycle for banks, NBFCs and other regulated entities. The draft covers governance, roles, architecture, metadata and lineage, data quality, and third-party data-sharing arrangements.
The Reserve Bank of India has revised its small finance bank credit directions to clarify project finance treatment. Banks may separately finance independent viable units of a project if each unit has its own financial closure and is appraised for standalone viability, and integrated power generation projects with evacuation infrastructure now have a clarified approach to assessing transmission right of way requirements. The changes apply immediately.
The Reserve Bank of India has amended its NBFC credit facilities directions to clarify two project finance issues. NBFCs may finance independently viable units within a project as separate projects if each is appraised for standalone viability, and power projects combining generation and transmission may apply the transmission right of way test under sub-paragraph (3).
The Reserve Bank of India amended its credit facility directions for All India Financial Institutions to clarify project finance treatment in two areas. AIFIs may now finance independent viable units within a larger project as separate projects if each is independently appraised and financially closed, and the rules also clarify right of way assessment for electricity generation projects that include transmission infrastructure. The changes apply immediately.
The Reserve Bank of India has amended its urban cooperative bank credit directions to clarify treatment of certain project loans. Banks may finance independent viable units within a larger project as separate projects if each is appraised for standalone viability, and the right of way test for electricity projects that include transmission may be determined under sub-paragraph (3). The amendment took effect immediately.
The Astana Financial Services Authority is consulting on whether to designate ITS Clearing Participation Certificates as Qualified Investments under the AIFC trading facility rules. The move would allow CPCs to trade on ITS’s MTF and support their use as standardized repo collateral. AFSA said the framework includes risk controls and would impose conditions on ITS covering governance, operations and transparency.
The Indonesia Financial Services Authority has transferred the suspect and evidence in the PT Asuransi Jiwa Prolife Indonesia case to the South Jakarta District Prosecutor's Office after the file was declared complete. The case concerns allegations that the insurer's controlling shareholder failed to comply with an OJK order to pay IDR566.24 billion in policyholder compensation. OJK also said it had seized property, deposits and shares as part of efforts to recover policyholders' rights.
Securities Commission Malaysia has charged three brothers for allegedly dealing in securities without a Capital Markets Services Licence. The charges relate to conduct between March 2019 and October 2019 across four Malaysian jurisdictions, and all three pleaded not guilty. If convicted, they face up to RM10 million in fines, up to 10 years in prison, or both.
The UAE General Pension and Social Security Authority has established optional pension contributions for Emiratis taking approved unpaid leave for postgraduate study or childcare. Employees pay 26% of their contribution account salary, and paid periods count as active service toward pension eligibility and calculation. Eligible leave generally ranges up to three years and is administered through the Ma'ashi digital platform.
The Hong Kong government said the Financial Secretary has appointed a new chairman, deputy chairman and three members to the Leveraged Foreign Exchange Trading Arbitration Panel for a three-year term from July 17, 2026 to July 16, 2029. The panel handles disputes between Securities and Futures Commission-licensed leveraged foreign exchange trading firms and their clients. The new chair is Dr Chordio Chan Siu-ping and the deputy chair is Dr Levin Wang Lei.
Kazakhstan's Agency for Regulation and Development of the Financial Market reissued licenses for KMF Bank, Altyn Bank, Bank RBK and Otbasy Bank. The first three received universal banking licenses expanded to cover interbank loans, guarantees, sureties and other interbank operations. Otbasy Bank was also issued a universal banking license.
The China Banking and Insurance Regulatory Commission held a meeting to review proposals on improving inclusive finance from the 2026 Two Sessions. Discussions focused on stronger supervision, better policy coordination, broader product supply, and improved financing access for small businesses, rural borrowers, and private enterprises. The commission said it will study the proposals with other departments and refine related policy measures.
The European Central Bank published a working paper finding that weak euro area deposit rate pass-through since 2022 mainly reflects changes in depositor behaviour, not bank characteristics. As more rate-sensitive households and firms moved into higher-yielding alternatives, banks gained more pricing power over remaining overnight deposits. The paper estimates that removing depositor heterogeneity would have roughly doubled the 2022 to 2024 deposit beta.
The European Central Bank published a working paper finding that bank branches in 10 CESEE countries fell by more than 30% between 2013 and 2021, with closures exceeding openings. The paper identifies mergers and acquisitions as a key driver, while suggesting that profitability and local economic growth reduced closure pressure. It also finds that closures were more common in both highly urban and very rural areas.
The Thailand Securities and Exchange Commission urged SST shareholders to examine and vote carefully on a proposal to mortgage SST land as collateral for up to Baht 300 million of MUD borrowing. SST's independent financial adviser recommended rejecting the deal because key loan terms remain unclear and the 2.00 percent annual compensation is too low for the risks involved. The transaction also requires approval from both SST and MUD shareholders.
The Guernsey Financial Services Commission said the sanctions entry for Christodoulos Georgiou Vassiliades has been varied, but the individual remains subject to Russia sanctions in Guernsey, including an asset freeze, travel ban, trust services sanctions and director disqualification. Firms must check for affected relationships, freeze relevant assets, report findings to the Policy and Resources Committee, and notify the Commission where they identify an affected relationship.
The Hong Kong Monetary Authority warned the public about bank-reported scams involving fraudulent websites, fake internet banking login pages, phishing emails and related fraud. It reminded customers that banks do not send embedded links for transactions or ask for passwords or one-time passwords by phone, email or SMS.
The Bank of Canada held the target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%, judging the current stance appropriate as Canadian growth resumed and inflation is expected to ease gradually from a gasoline-driven rise back to around 2% in early 2027. The Bank said second-quarter growth is estimated at 2.5%, labour market conditions remain soft, and risks tied to the war in the Middle East and United States trade policy remain high.
The Bank of Israel said its Monthly Index of Economic Activity showed rapid average growth in April to June, above the long-term trend, largely because the weak March reading during Operation Roaring Lion dropped out of the comparison. June indicators suggested stability or some increase, and the prior two months were revised upward.
The Central Bank of Chile's second-quarter 2026 Bank Lending Survey shows banks continued to tighten consumer credit and tightened standards for large companies, while keeping mortgage standards broadly unchanged and easing somewhat for SMEs, real estate and construction firms. Banks also reported weaker demand for consumer and large corporate credit, but stronger demand from SMEs, real estate companies and construction firms. Housing loan demand was mixed.
European Central Bank Banking Supervision has issued a guide explaining its supervisory expectations for ICAAPs at significant institutions. It sets seven principles covering governance, integration into risk and capital management, material risk identification, internal capital, conservative risk quantification and stress testing. The principles will feed into SREP assessments and supervisory dialogue.
European Central Bank Banking Supervision issued clarifications on ICAAP and ILAAP governance, content and submissions, stressing that the note refines existing expectations rather than creating new ones. It confirms an annual 15 March package plus continuous updates, requires management-body-signed capital and liquidity adequacy statements, and highlights expectations on three-year forward-looking assessments, management actions and distribution policies.
The Cyprus Securities and Exchange Commission said THREE LIONS REAL ESTATE RAIF has entered dissolution and liquidation proceedings following notification from its external manager, CONSULCO CAPITAL LIMITED. The fund will remain on the RAIF register marked "under liquidation" until the process is completed and the required documents are submitted.
The Bank for International Settlements published research finding that higher geopolitical risk raises emerging market sovereign CDS and EMBI spreads, with CDS reacting more strongly. The paper finds geopolitical threats have a larger and longer-lasting effect than realised events, and that the impact is amplified when financial stress rises, commodity terms of trade worsen for net-importing economies and sovereign risks move more closely together.
The Central Bank of the Republic of Azerbaijan said it discussed cooperation with the National Bank of Slovakia during a meeting between their governors. The talks focused on regulation and supervision, financial stability, financial literacy, digital fraud and consumer protection, alongside efforts to deepen institutional ties.
The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan approved Ilya Arkhimedovich Iskakov for appointment as deputy chairperson of the management board and a member of the management board of Islamic Bank Zaman-Bank JSC.
Dubai International Financial Centre highlighted the incorporation of The Middle East Stablecoin Association as a Non-Profit Incorporated Organisation. The step creates a formal regional platform for responsible stablecoin adoption, policy dialogue, education, research and standards development. MESA will convene market participants, regulators and policymakers in the public interest rather than promote individual firms.
The National Bank of Ukraine has added ISIN UA4000239073 to the benchmark domestic government bond list that banks can use to partially meet reserve requirements from 16 July 2026. Banks may use benchmark bonds to cover up to 60% of required reserves, and the eligible list will now include 21 issues. The move is intended to support demand at Ministry of Finance auctions and avoid monetary financing of the budget.
The Central Bank of Russia has expanded its ranking of compulsory motor third-party liability insurers to include complaints fully or partly upheld by the financial ombudsman, in addition to substantiated complaints filed with the regulator. The ranking uses complaints per 10,000 policies and is split between insurers above and below three million policies. It excludes very small participants, insurers with only one substantiated complaint, and ombudsman decisions under court challenge.
The Central Bank of Russia reported a 12.79% average maximum rate on ruble household deposits at the 10 largest household deposit-taking credit institutions for the first 10 days of July 2026.
The Central Bank of Russia’s July business survey showed the Business Climate Index dropped to minus 3.6 points from 0.9 in June, driven by weaker assessments of current conditions. Demand and output expectations for the next three months stayed positive. Price expectations rose after five months of decline, and companies reported better lending conditions and moderate investment growth in the second quarter of 2026.
The Central Bank of Russia said in its Talking Trends bulletin that June inflation accelerated mainly because of temporary factors. It added that tight monetary conditions are still needed to bring inflation back to 4%, citing risks from higher fuel prices, inflation expectations and uncertain external conditions. Economic activity rose in the second quarter, but sectoral differences widened.
The Central Bank of Russia said higher prices for volatile and administered-price items, especially petroleum products and fruit and vegetables, drove headline inflation higher, while underlying inflation rose more moderately. Non-food price growth excluding petroleum products slowed, and prices for several imported consumer and durable goods continued to fall. The bank reiterated that its monetary policy will aim to achieve sustainably low inflation.
The Angola Capital Markets Commission approved the registration of Xtracker, a private-subscription closed-end special securities investment fund promoted by BFA Gestão de Activos. The fund may invest in equity and equity-linked instruments, units in other funds, and securities and money market instruments traded on Angola’s regulated market, with Banco Keve as depositary.
The Central Bank of Taiwan's latest RMB business overview shows 65 domestic banks and 56 offshore banking units were conducting RMB business as of June 30, 2026. At the end of May, total RMB deposits were RMB 105.26 billion and discounts and loans were RMB 24.47 billion, both above the previous month. May remittances totaled RMB 178.03 billion, while the Taipei Branch of Bank of China handled RMB 434 billion of settlements in June.
HM Treasury has presented the Financial Regulators Complaints Commissioner’s 2025-26 annual report and the regulators’ responses. The report says complaints are becoming more complex and increasingly focused on the FCA’s supervision of firms, with 24 of 210 allegations upheld and major findings on BSPS and peer-to-peer lending complaints. The FCA accepted most recommendations but disputed key points on BSPS and compensation.
The Isle of Man Financial Services Authority has set out the agenda for its 2026 Countering Financial Crime Conference. The event will feature a United States Treasury case study on a major cybercrime investigation, as well as sessions on online investment fraud, illicit finance, anti-money laundering country risk and the Isle of Man’s MONEYVAL preparation. Presentations will be recorded and published on the Authority’s website.
The Isle of Man Financial Services Authority said two bills to update the island’s financial services and pensions frameworks have completed Tynwald passage and entered the Royal Assent process. The next phase will focus on secondary legislation, including consultation on revised civil penalty regulations and pensions-related measures. The Authority said the reforms are aimed at consumer protection, effective regulation and alignment with international standards.
Poland's Ministry of Finance said Elzbieta Frankow-Jaskiewicz was re-elected chair of the Egmont Group for 2026-2028 at the group's plenary in Baku. The role gives Poland influence over cooperation among financial intelligence units and the group's engagement with major international AML and CFT bodies. The ministry also highlighted progress on a Polish-led cross-border joint analysis project presented during the meeting.
European Union's Authority for Anti-Money Laundering and Countering the Financing of Terrorism presented its 2025 Consolidated Annual Activity Report to the European Parliament. The report reviews the authority’s institutional development and progress on the European Union Single Rulebook, AML/CFT supervision, and cooperation between Financial Intelligence Units.
The Belgium Financial Services and Markets Authority's latest fraud dashboard shows Belgian consumers reported more than EUR 12.7 million in losses in the first half of 2026. Most losses were tied to fraudulent trading platforms and purported cryptocurrency investments, while fake stock tips via WhatsApp caused more than EUR 2 million in losses. Fake credit scams remained about one fifth of reports, and the authority issued nine new warnings covering 157 entities and 185 websites.
The Guernsey Financial Services Commission said the sanctions entry for Christodoulos Georgiou Vassiliades has been varied, but he remains subject to Russia sanctions including an asset freeze, travel ban, trust services sanctions and director disqualification. Firms must check for affected relationships, freeze relevant assets, report to the Policy & Resources Committee, and also notify the Commission with the required sanctions report.
HM Treasury said Buy-Now, Pay-Later products are now regulated by the Financial Conduct Authority, bringing them into line with other forms of consumer credit. Providers must carry out affordability checks, consumers gain enforceable refund rights for faulty goods, and users in difficulty should be directed to debt advice and support before debt collection. Users will also be able to take complaints to the Financial Ombudsman Service if problems arise.
The North Macedonia Insurance Supervision Authority published June 2026 monthly BPP and BIŠ data for both life and non-life insurance.
De Nederlandsche Bank found that large Dutch insurers and pension funds held EUR 276 billion in private assets in 2025, with current systemic risks still limited. It said rapid growth, especially in insurers’ private credit exposures, warrants closer monitoring, better data and risk management. DNB is also exploring scenario analysis or stress testing for private markets.
The Romanian Financial Supervisory Authority published its Daily Market Report for 15 July 2026 and pointed readers to the archive for Daily Market Report and Morning Call materials from 2021 to 2026.
The Kuwait Capital Markets Authority renewed the collective investment scheme license for the Al Markaz GCC Real Estate Fund. The license is renewed for a renewable three-year term from 23 October 2026. The renewal followed an application by Kuwait Financial Centre Company.
The National Bank of Romania said the current account deficit narrowed to EUR 11.425 billion in January-May 2026 from EUR 12.075 billion a year earlier, mainly because the goods and secondary income deficits improved while the services surplus was steady. Nonresident direct investment fell to EUR 2.195 billion, and total external debt rose to EUR 230.914 billion from EUR 228.463 billion at end-2025. Long-term debt made up 79.6% of the total, while short-term debt declined.
Norges Bank has published its monthly balance sheet, showing month-end assets, liabilities and equity together with selected note disclosures. The release notes that the statement is published around the 11th business day of the following month and refers to a historical balance sheet overview dating back to 1817.
An European Central Bank blog post says rising trade tensions since 2025 led euro area banks most exposed to US-exporting borrowers to tighten lending and cut loan supply. It also finds weaker corporate loan demand, with a net 11% of banks reporting tighter credit standards in 2025 and a net 6% reporting lower demand. Exposure was concentrated more in exports than imports and was uneven across banks.
The Algeria Market Authority highlighted the official listing of AYRADE SPA on the Algiers Stock Exchange. It is the second listing completed during the week and increases the number of listed companies on the exchange to 10. AYRADE SPA was also among the first companies to use the financial market one stop shop.
The Seychelles Financial Services Authority warned that Inside Invest Inc, operating btcsquare.net, is not and has never been authorized under the Virtual Asset Service Providers Act, 2024. It also said the original BTCSquare project has ceased operations and is not connected to any cloned or impersonating websites. Consumers were urged to verify licensing status before engaging with virtual asset providers.
The Ukraine National Commission on Securities and Stock Market has signed the IOSCO Multilateral Memorandum of Understanding, joining the main global mechanism for cooperation among securities regulators. The step enables direct information sharing and investigative cooperation with regulators in over 100 jurisdictions, including on beneficial ownership, market manipulation and insider trading. It follows a multi-year legislative and supervisory preparation process and a successful IOSCO assessment.
The French Financial Markets Authority published a study on retail trading in CAC 40 stocks showing that social media affects younger investors and neo-broker clients more than other groups. Investors respond more to the volume of messages on X than to message sentiment, while younger investors and neo-broker clients react less to fundamental information and more strongly to social media activity. Traditional bank clients are the least sensitive to social media.
The Sierra Leone Ministry of Finance said Finance Minister Sheku Ahmed Fantamadi Bangura met ECOWAS Macroeconomics Commissioner Kalilou Sylla during the ECOWAS Mid-Year Summit in Freetown. Their talks covered regional economic development, digital payments, trade integration, macroeconomic convergence and the ECO single currency roadmap. Bangura is also expected to present the report and recommendations from the 67th Meeting of the ECOWAS central bank governors to the Council of Heads of State and Government.
The Malaysia Securities Commission said the Kuala Lumpur Sessions Court jailed former Kyaputen Sdn Bhd director Muhamad Fadzli bin Jamaludin for five years after convicting him on unlicensed fund management and money laundering charges. The case involved 12 charges linked to conduct between August 2018 and April 2020, with six victims suffering losses of RM1.263 million. Fund management requires a licence from the Malaysia Securities Commission.
European Central Bank Executive Board member Piero Cipollone said the digital euro pilot is planned for September 2027 and will run for 12 months, with 36 payment service providers selected. He said the project would offer high privacy, require merchant acceptance for digital payments and operate without ECB scheme or processing fees. Cipollone also said the ECB is monitoring whether higher energy prices trigger second-round inflation effects.
The Dubai Financial Services Authority said the Financial Markets Tribunal ordered Al Ramz Capital LLC to pay about AED 524,810, or roughly USD 143,000, toward the DFSA’s legal costs after challenging a 2024 Decision Notice. The tribunal had already upheld the DFSA’s USD 25,000 fine and found Al Ramz acted unreasonably in parts of the case. The award includes external costs and, for the first time in an FMT case, a recovery of certain DFSA internal legal costs.
State Bank of Pakistan Governor Jameel Ahmad used the launch of an HBL, UnionPay International and PayPak co-badged debit card to reaffirm SBP's push for a more digital and inclusive payments system. He said PayPak should become the preferred domestic debit card scheme, with co-badged cards used for international payments. The remarks were backed by updated growth figures for digital payments, merchants, mobile banking users and digitally credited remittances.
The South Korea Financial Services Commission approved 2026 recovery plans for 10 domestic systemically important financial institutions and related resolution plans prepared by the Korea Deposit Insurance Corporation. It found the plans largely met international and domestic requirements, but highlighted improvements needed in cybersecurity and digital bank run preparedness. Authorities also plan a joint exercise in the second half of the year and will review 2027 plans under the annual cycle.
The South Korea Financial Services Commission has proposed decree changes to implement loss relief for virtual assets in telecommunications-based financial fraud cases, including voice phishing. The proposal sets refund rules based on the type of asset recovered and would allow designated entities to sell refunded virtual assets and pay victims in money where needed. It is due to take effect on October 1, 2026 after consultation and legislative review.
The India International Financial Services Centres Authority has published an expert committee report on developing REITs and InvITs in GIFT IFSC as a global real estate and infrastructure financing hub. The report recommends expanding beyond India-focused structures to Mixed and Global REITs and InvITs, alongside new product, regulatory, inter-regulatory and tax measures. IFSCA will review the proposals with stakeholders and consider implementation steps.
The National Bank of the Kyrgyz Republic suspended Elegans Exchange LLC’s exchange bureau license from July 15 to July 29, 2026 for breaches of Kyrgyz legislation and the central bank’s regulatory requirements.
The National Bank of the Kyrgyz Republic imposed fines of KGS 55,000 on each of three exchange bureaux in Bishkek for breaches of legal and regulatory requirements.
The People's Bank of China reported end-June aggregate financing to the real economy of CNY 462.06 trillion, up 7.4 percent from a year earlier, while first-half aggregate financing growth totaled CNY 20.84 trillion, CNY 2.02 trillion less than a year earlier. M2 rose 8 percent and RMB loans increased by CNY 10.72 trillion in the first half. Credit growth was led by enterprises and public institutions, while household loans declined modestly.
The Central Bank of the Philippines joined partners in launching an LRT-2 digital fare payments pilot at Legarda Station. Commuters can pay with most cards, NFC-enabled wallets and devices including Google Pay, and GCash Commute QR codes, while about 700,000 My SSS cardholders can also use their cards for fares. The pilot builds on earlier digital fare payment rollouts on MRT-3 and the EDSA Busway.
The Central Bank of the Philippines said cash remittances increased year on year in May 2026, while seasonally adjusted personal remittances also edged up. Both measures grew over January to May 2026. The United States was the top reported source of inflows, although the central bank noted limitations in origin data.
The Thailand Office of Insurance Commission highlighted its support for THAIFA's funding of a supplementary mathematics teacher and educational equipment for a school in Sisaket under the 2026 Insurance Volunteer Teachers project. The school is the second target site in 2026. The program is aimed at improving mathematics and analytical skills while supporting early financial literacy, saving and risk management.
The Commodity Futures Trading Commission said its Agricultural Advisory Committee will hold its first meeting of 2026 on July 29 at CFTC headquarters in Washington. The committee advises on agricultural commodity futures and options and the meeting will be open to the public and streamed live on CFTC.gov.
The Organisation for Economic Co operation and Development published a report showing that flexible share class structures are increasingly accepted across jurisdictions, with 60% now allowing shares with multiple voting power and 90% allowing non voting shares in limited forms. It says these structures can support capital market access and innovation, but also heighten risks for minority shareholders. The report points to disclosure, sunset clauses, class approval rights and related party safeguards as key tools to balance flexibility with investor protection.
The Australian Securities & Investments Commission has banned former adviser Nicole Niu for five years after finding she recommended that clients place most of their superannuation into Shield Master Fund investments that were not in their best interests. ASIC also found her advice documents made false and misleading claims about Shield’s returns and history. The ban took effect on 22 January 2026, and her tribunal review application was later withdrawn.
The OECD has published a working paper setting out a framework for comparing regulatory models for the digital economy, from command-and-control to self-regulation. It finds governments increasingly use blended approaches, keeping control of regulatory objectives while delegating compliance methods and some delivery to private actors under oversight. The paper says model choice should depend on risk, technological maturity, market conditions and public-sector capability.
The Central Bank of the Bahamas released secondary market prices for Bahamas Registered Stock in its portfolio, including bid and ask prices, coupons and yields across maturities from 2026 to 2054. It will buy at the bid price and sell at the ask price. Floating-rate coupons reset every six months, and the quoted prices exclude accrued interest.
The Central Bank of Venezuela has taken temporary custody of the historical archives of Simón Bolívar and Francisco de Miranda after the June 24 twin earthquake damaged the institutions that housed them. The archives were transferred from the Libertador Forum to the central bank as a contingency measure following inspections that found significant infrastructure damage.
The Superintendency of Banks of Panama used a United Nations panel on human trafficking to outline Panama's interagency approach to detecting related financial activity. It highlighted the supervisor's use of analytical tools, typologies and red flags in regulation to help banks identify suspicious transactions linked to trafficking and organized crime.
The Brazil Securities Commission issued sanctions in two enforcement cases involving Fertilizantes Heringer and Ammo Varejo. It warned Julio Gubitosi over deficient related-party disclosure and shareholder registration issues, fined Luiz Sundfeld BRL 40,000 for late 2023 financial statements at Ammo Varejo, and warned two board members over failure to ensure a shareholders’ meeting. Several other defendants were acquitted.
The Bank of Korea’s May 2026 monetary statistics showed growth across all main liquidity measures. Seasonally adjusted M1 rose 1.9% month on month, M2 increased 0.8%, Liquidity of Financial Institutions gained 1.4%, and L rose 1.1%. The corresponding year-on-year growth rates were 10.0%, 5.8%, 8.0% and 9.2%.
The Council of Economic Advisers published a paper concluding that the current-account balance remains the most reasonable measure of a balance-of-payments deficit. It says the historical basic balance cannot be credibly recreated in modern markets, although any broader proxy would extend only to the capital account and net foreign direct investment. The paper also notes the U.S. current-account deficit reached 4.1% of GDP at the end of 2024 and was driven mainly by a USD 1.2 trillion goods trade deficit.
The U.S. Senate Committee on Banking, Housing and Urban Affairs released a hearing exchange in which Elizabeth Warren pressed Fed Chair Kevin Warsh to identify who bought more than USD 100 million of his private fund stakes shortly before he took office. Warsh declined to disclose the buyer, citing his agreement and disclosure obligations with the Office of Government Ethics.