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2026-07-07•Italy•Italian Institute for Insurance Supervision (IVASS)
The Italian Institute for Insurance Supervision ordered the blocking of preventivo.assicurarsinovara.it for unlawfully offering insurance services. The action brings the total number of sites blocked by IVASS since November 2023 to 381, with implementation by Italian providers expected to take several days. IVASS also warned consumers against offers made through instant messaging, prepaid card payment requests, and websites not listed in its official registers.
SupervisionInterventionsUnlicensed or unauthorized activity
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2026-07-07•United States•U.S. Securities & Exchange Commission
The U.S. Securities and Exchange Commission’s 2026 regulatory agenda focuses on crypto market rules, public company disclosure reform and broader retail access to private markets. It points to rulemaking on crypto capital raising, custody and trading of tokenized securities, and to disclosure changes intended to reduce burdens and support IPOs while maintaining investor protections.
Policy & regulationRules & requirementsFintech and insurtechDisclosures
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2026-07-07•United States•Federal Reserve Bank of New York
The Federal Reserve Bank of New York’s June 2026 Survey of Consumer Expectations showed higher one-year and three-year inflation expectations at 3.7% and 3.3%, while five-year expectations were unchanged at 3.0%. Households also reported a better labor market outlook, with lower expected job loss and unemployment and higher job-finding prospects. Spending expectations were unchanged, financial situation expectations improved, and expected future credit availability deteriorated slightly.
Data & statisticsEconomic data and developments
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2026-07-07•Canada•Canadian Investment Regulatory Organization
The Canadian Investment Regulatory Organization appointed Brett Kimak, Rob Wells and Christine Zalzal to its Investor Advisory Panel, which informs regulatory policy, strategic plans and other initiatives from an investor perspective. The three appointees add experience in securities regulation, complaint handling, retail investor services and digital investing channels, including order-execution-only platforms and AI-enabled tools. Panel members serve a minimum two-year term.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-07-07•Canada•Financial Services Regulatory Authority of Ontario
The Financial Services Regulatory Authority of Ontario has started enforcement action against Robert Brock Frost and Capitis Mortgage Investment Corp over alleged mortgage brokering and administration breaches. FSRA is seeking licence refusals or revocation, a compliance order against both parties, and a CAD 50,000 administrative penalty on Frost. Both have requested a hearing before the Financial Services Tribunal.
EnforcementInvestigations & enforcement actionsUnlicensed or unauthorized activity
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2026-07-07•Madagascar•Central Bank of Madagascar
The Central Bank of Madagascar's first quarter 2026 surveys show a broad weakening in both banking and business conditions. Bank credit demand and lending slowed further, while the formal-sector business activity indicator fell to minus 39.9 percent. Banks expect a credit rebound in the second quarter, but firms still foresee another quarter of declining activity.
Data & statisticsEconomic data and developments
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2026-07-07•Oman•Oman Financial Services Authority
The Oman Financial Services Authority hosted 140 students in the fifth Financial Explorer Programme, delivered with the College of Banking and Financial Studies. Over two days, students in Grades 7 to 12 took part in workshops on financial planning, saving, spending and growing savings using interactive learning methods.
Financial literacy & educationFinancial literacy and education
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2026-07-07•Israel•Bank of Israel
The Bank of Israel said Israel’s foreign exchange reserves rose by USD 18 million in June to USD 238,699 million, or 37.2 percent of GDP. The increase was driven by government foreign exchange activity and USD 1,027 million of central bank purchases, partly offset by a USD 1,458 million revaluation loss.
Data & statisticsBalance of payments and other external statistics
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2026-07-07•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Central Bank revoked the money exchange license of Mohammed Hamoud Alshareef Establishment in Saudi Arabia. The decision was based on paragraphs (a) and (b) of Article 34 of the Rules Regulating Money Changing Business. The central bank also told stakeholders with claims to contact the establishment and urged customers to use only authorized financial institutions.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-07-07•Saudi Arabia•Saudi Arabian Monetary Authority
The Saudi Arabian Monetary Authority has revoked the money exchange license of Hisham Khalid Suleiman Kalkatawi Establishment in Saudi Arabia. The action followed a request by the establishment under the Rules Regulating Money Changing Business. The authority also told stakeholders with claims to contact the establishment and urged customers to use only authorized financial institutions.
SupervisionAuthorisations & approvalsUnlicensed or unauthorized activity
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2026-07-07•Moldova•National Bank of Moldova
The National Bank of Moldova approved a regulation governing credit risk treatment under the internal ratings based approach. It takes effect on 1 July 2027, except for certain provisions specified separately in points 2 and 3 of the decision.
Policy & regulationRules & requirementsCredit risk
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2026-07-07•Spain•Spanish Securities Commission (CNMV)
The Spanish Securities Commission's 2025 investor complaints and inquiries report shows 1,398 complaint submissions and 12,538 investor inquiries. Where the Commission found in investors' favor, firms accepted its criteria or corrected the issue in 82% of cases, leaving 27 claims unsatisfied. Complaints centered on post-service information, trading order incidents and fees, while inquiries focused heavily on fraud alerts and unregistered firms.
SupervisionRisk monitoring & watch pointsComplaints and dispute resolution
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2026-07-07•Isle of Man•The Treasury (Isle of Man)
The Isle of Man Treasury has publicised six additions to the UK sanctions list after the Foreign, Commonwealth and Development Office updated it on 6 July 2026. Firms that identify a possible match and hold relevant funds or economic resources must freeze assets immediately, verify whether the hit is genuine, and report confirmed freezes, suspected breaches and blocked attempted transactions to the FIU.
Policy & regulationRules & requirementsSanctions list update
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2026-07-07•Europe•European Central Bank
The European Central Bank has published a working paper, presented as the authors’ views, finding that euro area banking integration is held back mainly by barriers to cross-border bank entry and the formation of bank-firm relationships rather than by large pricing gaps. The paper links those frictions to national regulatory differences and estimates that cutting cross-border relationship barriers by 10 percent could lift euro area GDP by about 1.6 percent. Most of the gain would come from lower financing costs and higher capital and labor use.
ResearchCross-border payments
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2026-07-07•Europe•European Central Bank
The European Central Bank has published a staff working paper introducing an LLM-based euro area index that separates geopolitical tensions from geoeconomic tensions using local-language newspaper coverage from 1999 to 2025. The measure also splits geoeconomic tensions into trade, energy, finance and technology components. The paper finds these shocks have different macroeconomic effects, with energy tensions appearing more inflationary and trade tensions more demand-driven.
ResearchGeopolitical risk
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2026-07-07•Europe•European Central Bank
In a blog post, the European Central Bank explained that it added climate factors to its collateral framework on 15 June 2026. The factors impose extra valuation reductions on corporate bonds used as collateral when issuers are more exposed to climate transition shocks, based on sector sensitivity, firm emissions, transition plans, disclosures and bond maturity. The Governing Council will review the measure's scope and calibration regularly.
Monetary policyMonetary policy framework & strategyClimate risk and sustainable finance
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2026-07-07•Taiwan•Central Bank of Taiwan
The Central Bank of Taiwan's June 2026 market data showed the weighted average interbank overnight call loan rate edged down to 0.823% as turnover and outstanding balances increased. In commercial paper, both primary and secondary market rates rose, while outstanding issuance declined and secondary market turnover increased.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-07-07•Singapore•Monetary Authority of Singapore
The Monetary Authority of Singapore is consulting on a legislative framework for Protected Cell Companies to support alternative risk transfer solutions. The structure would let multiple insurance arrangements operate within one legal entity while legally segregating each cell’s assets and liabilities. MAS expects the framework to support captive insurance, insurance-linked securities and sovereign risk pools, with consultation comments due by 7 August 2026.
Policy & regulationRules & requirementsMarket development
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2026-07-07•Singapore•Monetary Authority of Singapore
In a parliamentary reply, the Monetary Authority of Singapore said it does not support restoring PayNow nicknames on a case by case basis. It said the feature was removed because scammers used nicknames on compromised accounts to impersonate trusted parties, and banks cannot reliably vet exception requests. MAS and the Association of Banks in Singapore will continue to review feedback on possible future improvements.
Policy & regulationGuidance & interpretationPayments and payment systems
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2026-07-07•Libya•Central Bank of Libya
The Central Bank of Libya said Governor Naji Issa met Presidential Council Deputy Chairman Abdullah Al-Lafi to review implementation of the Unified Financial Agreement and measures linked to monetary, financial and fiscal stability. The discussion also covered unified public expenditure, stronger institutional coordination, and steps to stabilize the foreign exchange market and reduce foreign currency exchange rates to ease inflationary pressures.
Policy & regulationCooperationFinancial stability and systemic riskClimate risk and sustainable financeDomestic cooperation
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2026-07-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority said Hong Kong's official foreign currency reserve assets were US$445.9 billion at end-June 2026, unchanged from end-May. Unsettled foreign exchange contracts fell to zero from US$0.3 billion, while reserves remained more than five times currency in circulation and about 38% of Hong Kong dollar M3.
Data & statisticsBalance of payments and other external statistics
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2026-07-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority relayed an HKICL warning about a fraudulent website, hkicl.lat, that impersonates HKICL as “Buyer Online Protection” for FPS transactions. HKICL said the site is unaffiliated with it, does not reflect any HKICL service to individuals, and that the public should use only its official websites and report suspected fraud to the Police.
SupervisionAlertsFraud and scams
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2026-07-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority warned the public about reported scam activity linked to a bank press release, including fraudulent websites, fake internet banking login screens and phishing emails. It reiterated that banks do not send transaction links by SMS or email or request passwords or one-time passwords through those channels. Affected individuals should contact the relevant bank and report the matter to the Hong Kong Police Force.
SupervisionAlertsFraud and scams
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2026-07-07•Hong Kong•Hong Kong Monetary Authority
The People's Bank of China, the Hong Kong Monetary Authority and the Securities and Futures Commission have welcomed CFETS and HKEX's plan to build an electronic fixed income and currency trading platform in Hong Kong. The initiative forms part of Hong Kong's 2025 FIC markets roadmap and is intended to support international participation, market transparency and trading efficiency. Further details, including timing, will follow.
Policy & regulationImplementation, projects & pilotsTradingMarket development
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2026-07-07•China•China Banking and Insurance Regulatory Commission
The National Financial Regulatory Administration and the Shanghai Municipal People's Government have issued measures to accelerate development of the Shanghai international reinsurance center. The package focuses on concentrating market activity in Lingang, requiring more unified reinsurance registration and digital trading infrastructure, expanding capital and cross-border capacity, and strengthening prudential supervision. Authorities said they will continue to monitor implementation and refine supporting policies.
Policy & regulationImplementation, projects & pilotsMarket development
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2026-07-07•China•China Banking and Insurance Regulatory Commission
The China Banking and Insurance Regulatory Commission said its Party committee has linked implementation of Party-building directives to core supervisory work. Priorities include resolving risks at local small and medium-sized financial institutions, tightening rulemaking and enforcement, strengthening market entry controls, and cracking down on illegal financial activity. It also called for consolidation of smaller institutions and financial support for flood control and disaster relief.
Policy & regulationGuidance & interpretationOther
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2026-07-07•China•Central Bank of the Republic of China
In a Hong Kong speech, the People's Bank of China set out measures to deepen support for Hong Kong as an international financial center, including raising the Bond Connect Southbound annual net quota to RMB800 billion from RMB500 billion. It also plans to expand the Hong Kong Monetary Authority's RMB business funding arrangement to RMB500 billion from RMB200 billion, support 5-year offshore RMB government bond futures and broader collateral eligibility, and continue steps to deepen cross-border RMB use and market infrastructure in Hong Kong.
Policy & regulationImplementation, projects & pilotsCross-border cooperationMarket development
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2026-07-07•China•Central Bank of the Republic of China
The People's Bank of China, the Hong Kong Monetary Authority and the Hong Kong Securities and Futures Commission jointly backed plans for the China Foreign Exchange Trade System and Hong Kong Exchanges and Clearing to build a Hong Kong electronic fixed income and currency trading platform for international markets. The platform is intended to deepen mainland China-Hong Kong market links and support trading efficiency, transparency and price discovery. Further launch details will be announced later.
Policy & regulationImplementation, projects & pilotsMarket infrastructure
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2026-07-07•China•Central Bank of the Republic of China
At the Hong Kong Monetary and Fixed Income Summit, People's Bank of China Gov. Pan Gongsheng witnessed the launch of Hong Kong's gold clearing system trial, Shanghai-Hong Kong gold market cooperation and a payment clearing company accord with Hong Kong Exchanges and Clearing, then met Hong Kong officials on market connectivity and offshore renminbi development.
Policy & regulationImplementation, projects & pilotsCross-border cooperationMarket infrastructure
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2026-07-07•Uganda•Uganda Insurance Regulatory Authority
The Uganda Insurance Regulatory Authority issued a circular covering the 2027 renewal of accreditation for fraud investigators.
Policy & regulationGuidance & interpretationOther
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2026-07-07•Thailand•Thailand Securities & Exchange Commission
The Thailand Securities and Exchange Commission is consulting on a proposed ministerial regulation that would require provident fund articles to include new provisions aimed at protecting employee members’ benefits. The changes would cover sharing member information with asset managers for tracking, payments and retirement planning services, and would require benefit impacts on members or employers to be a primary consideration when articles are amended. Existing funds would have one year after the regulation takes effect to submit amended articles for registration.
Policy & regulationRules & requirementsConsumer and investor protection
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2026-07-07•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets published a Financial Stability Committee update warning that advanced AI models are intensifying cyber risks and require financial institutions to strengthen cyber resilience and adapt risk management. The committee also said broader financial stability risks remain elevated and called for better data on the fast-growing private credit market. Improved coordination and information sharing across authorities, firms and critical sectors were identified as a priority.
SupervisionRisk monitoring & watch pointsCyber resilience
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2026-07-07•Netherlands•Dutch Authority for the Financial Markets
The Dutch Authority for the Financial Markets published a Financial Stability Committee update warning that advanced AI models are increasing the urgency of stronger cyber resilience in finance. The committee called for faster vulnerability management and better coordination and information sharing across sectors. It also said private credit's rapid growth requires better data on exposures, credit quality and links to the wider financial system.
Policy & regulationGuidance & interpretationCyber resilienceFinancial stability and systemic risk
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2026-07-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines reported preliminary gross international reserves of USD 104.8 billion at end-June 2026, with the stock described as adequate. The reserves covered 6.8 months of imports and related payments and 3.7 times short-term external debt on a residual maturity basis. Higher government foreign currency deposits and investment income were partly offset by valuation losses and debt-service drawdowns.
Data & statisticsBalance of payments and other external statistics
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2026-07-07•China•China Securities Regulatory Commission
The China Securities Regulatory Commission has opened an investigation into an individual surnamed An for allegedly spreading false and misleading information about Zhonggong Education on July 2. It said the conduct may have violated the Securities Law and that the case could be referred to public security authorities if criminal conduct is suspected.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-07-07•Europe•European Banking Federation
The European Banking Federation told ESMA that European equity markets should remain based on investor choice across multiple trading venues and liquidity channels. It backed improvements to the Consolidated Tape, especially on pre-trade transparency, rather than radical market structure changes. The federation also said concerns around improper internalization should be addressed through enforcement of existing rules, not new legislation.
Policy & regulationGuidance & interpretation
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2026-07-07•Estonia•Central Bank of Estonia
The Central Bank of Estonia said annual inflation slowed to 2.3% in June, with energy and fuels providing the main upward pressure while food prices fell broadly and overall prices dropped 0.5% from the previous month. It attributed part of the slowdown to base effects from last year's VAT-related price rises and said inflation in coming months should be similar to or below the June rate. The bank expects full-year inflation of 3.4%.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2026-07-07•Vietnam•Vietnam State Securities Commission
The Vietnam State Securities Commission has invited price quotations for a phase one project to build a management and surveillance system for the crypto asset trading market. Quotations are due by July 13, 2026.
Institutional developmentProcurementFintech and insurtechMarket infrastructure
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2026-07-07•Romania•Romanian Financial Supervisory Authority
The Romanian Financial Supervisory Authority published its Daily Market Report for 7 July 2026 and pointed readers to the Daily Market Report and Morning Call archive for 2021 through 2026.
SupervisionRisk monitoring & watch pointsFinancial and market indicatorsSupervisory data
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2026-07-07•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Supervisory Commission approved E.SUN Financial Holding’s acquisition of all shares in Mercuries Life through a share exchange. Mercuries Life will become a wholly owned subsidiary, with E.SUN committing to protect policyholders’ rights and maintain uninterrupted services.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-07•Europe•Council of Europe
Council of Europe body MONEYVAL says Slovenia has made progress in understanding money laundering and terrorist financing risks and in supervising financial institutions, but still lacks an integrated national strategy and has major weaknesses in non-financial sector controls. The report also flags gaps in beneficial ownership enforcement, constraints on timely financial intelligence, and legal and operational obstacles affecting money laundering investigations and confiscation. Slovenia must complete a roadmap of recommended actions within three years and report back under enhanced follow-up.
Policy & regulationPeer reviews and country evaluationsAML and CFT
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2026-07-07•Morocco•Moroccan Insurance Authority (ACAPS)
Morocco's Coordination and Systemic Risk Monitoring Committee approved the 2025 Financial Stability Report and said the financial system remains resilient, supported by solid bank and insurance sector buffers. The review showed stronger banking and insurance profitability, resilient market infrastructures and continued capital market development, while flagging persistent structural weaknesses in public pension schemes. Bank Al-Maghrib, the Moroccan Capital Market Authority and the Moroccan Insurance Authority also signed an updated data-sharing agreement.
SupervisionRisk monitoring & watch pointsFinancial stability and systemic riskMacroprudential policy and tools
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2026-07-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines said loan growth at universal and commercial banks accelerated to 12.1 percent year on year in May, with resident loans up 12.6 percent. Business lending rose 11.7 percent, while consumer lending increased 19.0 percent but slowed slightly from the previous month. The central bank said it will continue to monitor lending conditions as part of its price and financial stability mandate.
Monetary policyMonetary policy assessments & outlooksMonetary data
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2026-07-07•Philippines•Central Bank of the Philippines
Preliminary data from the Central Bank of the Philippines show M3 rose 12.8 percent year on year in May to PHP 20.6 trillion, faster than in April. Growth was driven mainly by stronger private and public sector borrowing, with higher net foreign assets also adding support. M1 increased 9.5 percent.
Data & statisticsMonetary data
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2026-07-07•Philippines•Central Bank of the Philippines
The Central Bank of the Philippines said headline inflation slowed to 6.4 percent in June from 6.8 percent in May, driven mainly by lower fuel and food prices. First-half average inflation still reached 4.8 percent, above the 3.0 percent target, while core inflation rose to 4.4 percent. The central bank said inflation is likely to remain elevated in the near term and it stands ready to tighten policy further if needed.
Monetary policyMonetary policy assessments & outlooksEconomic data and developments
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2026-07-07•India•Securities & Exchange Board of India
The Securities and Exchange Board of India has changed depository Investor Protection Fund rules so that at least 95 percent, rather than 100 percent, of annual IPF investment income must be added back to the fund. Up to 5 percent may be used for specified IPF Trust administrative and statutory expenses, with any excess paid by the depository and any unused amount returned to the IPF. The changes apply from September 1, 2026.
Policy & regulationRules & requirementsAccounting and financial reporting
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2026-07-07•Taiwan•Taiwan Financial Services Commission
The Taiwan Financial Services Commission released May 2026 data showing higher credit card spending and stronger electronic payment activity in Taiwan. Credit card retail sales rose to about NT$420.2 billion, while revolving balances, installment balances and write-offs fell and the delinquency ratio stayed at 0.23%. Cash card delinquency also improved, and electronic payment account users increased to 40.77 million.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-07•Global•United Nations Environment Programme Finance Initiative
The United Nations Environment Programme Finance Initiative published a COP17 interview that says public biodiversity finance has strengthened, but private capital still needs to scale materially to meet the Global Biodiversity Framework target of at least USD 200 billion a year by 2030. The interview calls for subsidy reform, clearer policy signals and risk-sharing tools, and says banks and insurers should help finance nature-positive and transition activities. It also points to Finance Day on 26 October 2026 as a key venue for embedding biodiversity in financial decision-making.
Policy & regulationGuidance & interpretationClimate risk and sustainable financeMarket development
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2026-07-07•Czech Republic•Czech National Bank
The Czech National Bank has published a survey of external analysts that highlights EU competitiveness concerns around energy costs, regulation, market fragmentation and geopolitical risks. On Czech euro adoption, respondents are evenly split on the economic case, but broadly agree that political resistance and the perceived value of independent monetary policy remain the main barriers. Most do not expect the Czech Republic to join the euro area before the 2030s.
Research
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2026-07-07•Czech Republic•Czech National Bank
The Czech National Bank has released the July 2026 issue of its selected economic indicators, covering Czech monetary statistics and key interest rate comparisons with the euro area. The publication includes data on M3, credit aggregates, deposit and loan rates, borrowing costs, and balance sheets for investment funds, lending financial corporations and pension funds. Underlying data are available in the ARAD statistical database.
Data & statisticsMonetary dataFinancial and market indicators
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2026-07-07•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority has launched a consultation on proposed enhancements to its Collective Investment Funds Framework. Comments on Consultation Paper No. 173 are due by 7 September 2026.
Policy & regulationRules & requirementsOther
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2026-07-07•United Arab Emirates•Dubai Financial Services Authority
The Dubai Financial Services Authority has launched a major consultation on revising its collective investment fund regime, its most significant review since 2010. The proposals would make the framework more risk-based, simplify parts of the authorisation and fund structure rules, and remove the external fund manager regime. The paper also seeks early feedback on tokenised funds and a possible long-term investment fund regime for retail investors, with responses due by 7 September 2026.
Policy & regulationRules & requirementsLicensing framework and process
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2026-07-07•Europe•European Systemic Risk Board
The European Systemic Risk Board has warned that frontier AI models could raise systemic cyber risks for the EU financial system by helping threat actors find vulnerabilities and conduct attacks faster and at greater scale. It also flagged strategic dependency risks from the concentration of leading AI providers outside the EU. The ESRB will review the issue in its quarterly risk assessments and may take further action if needed.
SupervisionRisk monitoring & watch pointsCyber resilienceArtificial intelligence
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2026-07-07•Europe•European Banking Authority
The European Banking Authority, alongside the other European Supervisory Authorities, backed the ESRB warning that frontier AI models are increasing systemic cyber risks for the financial sector. It urged financial entities to strengthen cybersecurity capabilities and called on supervisors to reflect the risks in their oversight. The authorities will continue monitoring the issue and clarify supervisory expectations under DORA.
Policy & regulationGuidance & interpretationCyber resilienceArtificial intelligence
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2026-07-07•United Kingdom•Financial Conduct Authority
The Financial Conduct Authority said Eldens Finance Limited entered administration on 6 July 2026, with Antony Batty and Hugh Jesseman appointed as joint administrators. Eldens provided pawnbroking loans secured mainly on high-value and luxury assets. The FCA is engaging with the firm and the administrators on outcomes for customer pledged assets.
SupervisionInterventionsRecovery and resolution
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2026-07-07•United Kingdom•Financial Conduct Authority
The United Kingdom's Financial Conduct Authority has secured commitments from nine banks and building societies to improve access to basic bank accounts after finding widespread poor practice. Its mystery shopping showed that a third of interactions were poor or very poor, with vulnerable customers often not being told about basic accounts or being pushed into unsuitable online applications. Firms have agreed to improve first-time account matching, support customers without standard ID or a fixed address, and offer alternatives to online-only journeys.
SupervisionReviews, inspections & stress testsConsumer and investor protection
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2026-07-07•United Kingdom•Prudential Regulation Authority
The Prudential Regulation Authority said it could release O-SII buffers in systemic stress by using its existing powers to reduce those rates, including to zero. The step is intended to make capital buffers more usable by lowering the point at which automatic distribution restrictions apply and supporting continued lending. A consultation on related policy changes is planned for the second half of 2026.
Policy & regulationGuidance & interpretationCapital adequacyMacroprudential policy and tools
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2026-07-07•Ukraine•Ukraine National Commission on Securities and Stock Market
The Ukraine National Commission on Securities and Stock Market has adopted new rules that simplify local bond issuance by allowing municipalities to register a base prospectus once and then issue additional bond series without repeating the full registration process. Borrowing must remain within the annual Ministry of Finance-approved limit, and placement must finish by year-end. The rules also introduce faster review periods in some cases and require clearer, plain-language disclosure for investors.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-07-07•Europe•European Central Bank - Banking Supervision
European Central Bank Banking Supervision has directed significant institutions to assess AI-enabled cyber threats and submit action plans by October 31, 2026. Plans must address accelerated patching, exposed assets, monitoring, third-party risk and longer-term operational resilience. The ECB has extended the annual IT Risk Questionnaire deadline to February 2027 to support this work.
SupervisionInterventionsCyber resilienceArtificial intelligence
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2026-07-07•Netherlands•De Nederlandsche Bank
The Dutch Central Bank said cash acceptance remained broadly stable in 2025, with 96% of outlets still accepting cash. Pin-only practices were limited overall but more common in parking garages, cinemas, pharmacies and larger cities. The bank also found that businesses continue to view cash as an important fallback when electronic payments fail.
Data & statisticsPayments and payment systems
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2026-07-07•Netherlands•De Nederlandsche Bank
De Nederlandsche Bank said supervision director Gita Salden became chair of the Financial Expertise Centre on 3 July 2026, replacing Laura van Geest of the Dutch Authority for the Financial Markets. Salden had been vice chair, with that position now taken by Niels Obbink of the Fiscal Information and Investigation Service. The FEC brings together public authorities and private-sector gatekeepers to address crime affecting the integrity of the financial system.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-07-07•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority approved Gulf Capital Investment Company to establish the Al Badr Islamic Gulf Equity Fund as a publicly offered variable-capital fund in Kuwait. The fund's capital ranges from KWD 2 million to KWD 500 million, with a minimum subscription of KWD 5,000 and a three month temporary license to complete regulatory requirements and reach minimum capital. After registration and completion of the minimum capital, the fund will receive a three-year license.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-07•Kuwait•Kuwait Capital Markets Authority
The Kuwait Capital Markets Authority cancelled the securities activities license of Rasameel Investment Company and removed it from the register of licensed persons following its merger by absorption into KFIC Investment Company. The decision takes effect from March 24, 2026, the date the merger was recorded in the commercial registry, after the authority approved implementation on June 14, 2026.
SupervisionAuthorisations & approvalsLicence withdrawal
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2026-07-07•Luxembourg•Luxembourg Commissariat aux Assurances
The Luxembourg Insurance Commission published findings from a 2025 review of Article 111bis tax-deductible retirement savings life insurance products, identifying weaknesses in target-market design, value for money testing, disclosures and distributor controls. It found some insurers relied on tax benefits to justify weak performance and that guaranteed-rate products lagged unit-linked contracts. Insurers have already received injunctions, with remediation under way and possible further supervisory checks to follow.
SupervisionReviews, inspections & stress testsConsumer and investor protection
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2026-07-07•Switzerland•Swiss Financial Market Supervisory Authority (FINMA)
The Swiss Financial Market Supervisory Authority has issued a new liquidity ordinance for banks and securities firms, replacing Circular 2015/2 and moving the framework into ordinance form. The main substantive changes cover information duties during liquidity shortages and liquidity and financial planning. The ordinance takes effect on 1 January 2027, when the existing circular will be repealed.
Policy & regulationRules & requirementsLiquidity risk
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2026-07-07•Central African Republic•Securities and Exchange Commission of Central Africa
The Securities and Exchange Commission of Central Africa has launched a consultation on a draft regulation to revise the quantitative limits for private placements in the Central African financial market. The review covers the current XAF 20 billion ceiling, the 40 qualified investor cap, and the XAF 50 million nominal value threshold. The consultation closes on July 16, 2026, after which the authority will review comments and publish the record of proceedings.
Policy & regulationRules & requirementsSecurities offerings and listings
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2026-07-07•Global•OECD
The OECD’s Phase 4 review says Latvia has made substantial progress in implementing the Anti-Bribery Convention, including corporate sanctions, stronger laws and improved specialization in corruption cases. It also identifies further work on detection, whistleblower protection, confiscation, legal interpretation and justice system resources. Latvia must report back in June 2028.
Policy & regulationPeer reviews and country evaluationsBribery and corruption
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2026-07-07•South Africa•South African Reserve Bank
The South African Reserve Bank reported that gross reserves fell to USD 74.115 billion at 30 June 2026 from USD 76.583 billion a month earlier, while the international liquidity position declined to USD 71.338 billion. The decrease was driven mainly by lower gold reserves, valuation adjustments and foreign exchange payments made on behalf of the government.
Data & statisticsBalance of payments and other external statistics
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2026-07-07•South Africa•South African Reserve Bank
The South African Reserve Bank's statement of assets and liabilities for 30 June 2026 showed total assets and liabilities of ZAR 1.273 trillion, down ZAR 27.3 billion from May. The decline was driven mainly by a ZAR 30.3 billion fall in gold holdings as the rand price of gold dropped, partly offset by small increases in SDR holdings and foreign exchange reserves excluding SDRs. Bank deposits rose while the reserve account fell sharply.
Data & statisticsBalance of payments and other external statistics
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2026-07-07•South Africa•South African Reserve Bank
The South African Reserve Bank has issued version 1.2 of the QR+ Standard, adding enhancements to support integration with the PayShap payment rail. The update introduces a PayShap payload for structured data exchange between the QR+ API and the underlying rail, while QR+ remains a payment initiation layer rather than the payment execution mechanism. The standard will continue to develop through industry participation, testing and additional schemes and use cases.
Policy & regulationRules & requirementsPayments and payment systems
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2026-07-07•Egypt•Egypt Financial Regulatory Authority
The Egypt Financial Regulatory Authority approved 10 new non-bank finance licenses spanning capital markets, insurance and financing activities. The package includes Egypt’s second securities rating firm, two new futures brokers that lift the total to eight, and the first temporary license for specialized medical insurance. It also covers new real estate investment fund, underwriting, financial leasing, mortgage finance and factoring authorizations.
SupervisionAuthorisations & approvalsLicence approval
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2026-07-07•Hong Kong•Financial Services and the Treasury Bureau (Hong Kong)
Hong Kong's Financial Services and the Treasury Bureau has begun trial operations of a new central gold clearing and settlement system, with initial deposits, trades and settlements already completed. The launch is paired with broader measures to connect Hong Kong with the Shanghai Gold Exchange, improve pricing, storage, products and insurance, and explore tax and pension-rule changes for gold investment. HKPMCC will refine the system before official commissioning and plans to add Delivery versus Payment through the Real Time Gross Settlement system.
Policy & regulationImplementation, projects & pilotsMarket infrastructure
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2026-07-07•Middle East•Arab Monetary Fund
The Arab Monetary Fund's May 2026 Arab Capital Markets Monthly Bulletin showed mixed performance across regional exchanges, with the AMF Composite Index slipping 0.05% as geopolitical pressures and lower oil prices weighed on sentiment. Total market capitalization fell 0.31% to about USD 4.42 trillion, while traded value dropped 26.42% to about USD 76.95 billion. Tunisia posted the strongest market gain at 10.04%.
Data & statisticsFinancial and market indicators
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2026-07-07•South Korea•Bank of Korea
The Bank of Korea's preliminary Q1 2026 Flow of Funds data showed total economy net lending increased to KRW 84.3 trillion from KRW 51.9 trillion in the previous quarter. Household and NPISH net lending rose to KRW 79.2 trillion and non-financial corporations to KRW 20.8 trillion, while general government net borrowing deepened to KRW 23.3 trillion. The domestic non-financial sector's assets-to-liabilities ratio increased to 1.77 from 1.72.
Data & statisticsFinancial and market indicatorsMonetary data
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2026-07-07•Malaysia•Bank Negara Malaysia
Bank Negara Malaysia said its international reserves stood at USD132.6 billion as of 30 June 2026. That level covers 4.7 months of imports of goods and services and is equivalent to 0.9 times total short-term external debt. The central bank said the short-term debt is mainly linked to banks' liquidity operations and multinational group funding that can be met from external asset holdings.
Data & statisticsBalance of payments and other external statistics
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2026-07-07•Hong Kong•Hong Kong Mandatory Provident Fund Schemes Authority
The Hong Kong Mandatory Provident Fund Schemes Authority has shifted gold ETF approvals for MPF investments from an individual to a categorical basis, allowing eligible products to be used without separate MPFA approval. Eligible ETFs must be Securities and Futures Commission-authorized, Hong Kong-listed, physical gold ETFs and not derivative funds. The 10% net asset value cap on MPF fund investments in gold ETFs remains unchanged.
Policy & regulationGuidance & interpretationSecurities offerings and listings
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2026-07-07•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission has posted on its website the welcome remarks delivered by Dr Kelvin Wong at the Hong Kong FIC & Bond Connect Summit, titled “Completing the Rainbow for the Next Stage of Hong Kong’s FIC Development.”
OtherMarket development
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2026-07-07•Hong Kong•Hong Kong Securities & Futures Commission
The Hong Kong Securities and Futures Commission has published a synopsis of Julia Leung’s remarks from the Hong Kong FIC and Bond Connect Summit on the transformation of Hong Kong’s FIC market.
Policy & regulationOtherMarket development
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2026-07-07•Hong Kong•Hong Kong Monetary Authority
The Hong Kong Monetary Authority, with the People’s Bank of China and the Securities and Futures Commission, announced measures to expand Bond Connect and Swap Connect, support a Hong Kong fixed income and currency trading platform, and back new China government bond futures in Hong Kong. Separately, the Hong Kong Monetary Authority will raise its RMB Business Facility to RMB500 billion from 10 July 2026 and is exploring further steps to deepen offshore RMB liquidity, issuance and usage.
Policy & regulationImplementation, projects & pilotsCross-border paymentsMarket development
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2026-07-07•Kazakhstan•Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
Kazakhstan’s financial market regulator has approved Khakim Ulan Tabyldyuly as deputy chairman and a management board member of Alatau City Bank JSC. The approval was recorded in Protocol No. 49/BVU/P dated July 3, 2026.
Institutional developmentLeadership change & appointmentsLicence approval
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2026-07-07•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 approved two securities market appointments. Samal Usumkanovna Akybbekova was cleared for the roles of member of the executive body and chief accountant, and Zhanadil Mirasbekuly Tekebaev for deputy chief accountant.
Institutional developmentLeadership change & appointmentsHiring and recruitment
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2026-07-07•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 reported that bank assets rose 2.3% in May to KZT73.0 trillion and loans to the economy increased 1.5% to KZT41.3 trillion as of June 1. Business lending drove the increase, while resident deposits rose to KZT47.9 trillion and deposit dollarization fell to 20.0%. NPL90+ stood at 4.2% of loans, and capital adequacy remained high at 19.8% for k1 and 20.5% for k2.
Data & statisticsFinancial and market indicatorsSupervisory data
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2026-07-07•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 reported that insurance sector assets rose to KZT 4.2 trillion in May, while liabilities increased to KZT 3.1 trillion as reserves grew. Year to date premiums were KZT 657.2 billion, down 2.6% from a year earlier because voluntary insurance weakened, although mandatory insurance rose 12.0%. Insurance payouts increased 18.5% to KZT 197.5 billion and the number of contracts fell 29.3% to 7.4 million.
Data & statisticsFinancial benchmarks
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2026-07-07•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 said equity market capitalization rose 0.6% in May to KZT 47.4 trillion, even as share trading dropped 3.2 times to KZT 29.7 billion and the KASE index slipped 0.1%. Corporate debt outstanding increased to KZT 17.0 trillion and corporate bond trading rose 23.6% to KZT 906.0 billion, while government securities trading fell 12.0% to KZT 849.3 billion. Collective investment assets also increased, rising 5.6% to KZT 326.8 billion.
Data & statisticsFinancial and market indicators
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2026-07-07•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 said it reviewed 13,200 complaints in May, down 24.2% from the previous month, with banks and microfinance organizations accounting for most cases and debt settlement the main issue. It also imposed 20 recommendatory supervisory measures, four written orders and 21 fines totaling KZT 10.6 million. Separately, it updated progress on its three-part mortgage refinancing program, including KZT 213.4 billion of refinanced loans and KZT 101.1 billion of additional support for socially vulnerable borrowers.
SupervisionInterventionsConsumer and investor protection
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2026-07-07•Australia•Reserve Bank of Australia
The Reserve Bank of Australia reported June 2026 official reserve assets of A$102.52 billion, equivalent to US$70.42 billion. The Australian dollar total rose from May’s A$100.57 billion, while the US dollar value fell from US$72.05 billion. Foreign exchange, SDRs and the IMF reserve position increased, while gold and other reserve assets declined.
Data & statisticsBalance of payments and other external statistics
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2026-07-07•Taiwan•Ministry of Finance (Taiwan)
Taiwan's Ministry of Finance has warned about fraud schemes that falsely claim customs duties or fines must be paid to release goods sent from overseas. The scams often start through social media and direct victims to transfer money to private accounts. The ministry said genuine customs detentions and penalties are issued through official notices and paid only into designated national treasury accounts.
SupervisionAlertsFraud and scams
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2026-07-07•Mexico•CONDUSEF
The National Commission for the Protection and Defense of Users of Financial Services awarded Afore SURA its "Commitment to Serving Older Adults" badge after the firm renewed its protocol for customers aged 60 and over. The badge recognizes financial institutions that provide priority, accessible, inclusive and non-discriminatory service under 10 service principles. Afore SURA said the protocol covers more than 600,000 older clients through 61 branches, digital channels, mobile outreach and specialized pension guidance.
OtherConsumer and investor protection
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2026-07-07•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank said its Monetary Council chairmanship will transfer on 9 July 2026 from Gaston Browne of Antigua and Barbuda to Dr Irving McIntyre of the Commonwealth of Dominica. The ceremony will also unveil a new family of EC banknotes and coins to mark the 50th anniversary of the EC dollar’s peg to the USD.
Institutional developmentLeadership change & appointmentsLeadership change and appointments
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2026-07-07•Caribbean•Eastern Caribbean Central Bank
The Eastern Caribbean Central Bank is marking 50 years since the EC dollar was fixed at XCD2.70 to USD1.00. It said the peg has been maintained without devaluation or revaluation and remains supported by reserve coverage and unanimous-approval requirements for any parity change.
Policy & regulationGuidance & interpretationCurrency and cash management
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2026-07-07•Brazil•Brazil Securities Commission (CVM)
The Brazil Securities Commission has announced that Brazil's Federal Court of Accounts launched a survey on the Termo de Compromisso mechanism as part of an operational audit of CVM governance. The survey seeks views on effectiveness, equal treatment and transparency, and is open until July 14. Participation is anonymous and responses go directly to the Federal Court of Accounts.
SupervisionReviews, inspections & stress testsAuditing
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2026-07-07•Asia•Asia/Pacific Group on Money Laundering (APG)
The Asia/Pacific Group on Money Laundering has issued a report describing cyber scam hubs as transnational enterprises that combine online fraud with human trafficking and forced criminality. It identifies weak oversight in special economic zones, opaque ownership structures, corruption and virtual asset channels as key enablers, while highlighting challenges in cooperation, asset recovery and crypto tracing. APG also launched a public database with more than 10,000 financial crime case studies.
Policy & regulationGuidance & interpretationAML and CFTFraud and scams
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2026-07-07•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has issued its first detailed review of voluntary administrations and deeds of company arrangement, based on 5,020 companies entering voluntary administration from 1 July 2021 to 30 June 2025. It found that 44% of appointments entered a DOCA and that larger, more complex cases were far more likely to do so than smaller businesses. ASIC also released a supporting data pack on insolvency outcomes.
ResearchRecovery and resolution
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2026-07-07•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission has issued a new instrument for IDPS and IDPS-like scheme operators that replaces two 2023 platform relief instruments with a single consolidated framework. It removes and updates some requirements, including replacing quarterly reporting with electronic access to account information. ASIC will update Regulatory Guide 148 in the coming months.
Policy & regulationRules & requirementsRegulatory burden
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2026-07-07•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission said Joanne Pellew has been convicted on three counts of dishonestly using her position as a director and one count of managing a corporation while disqualified. The convictions relate to about AUD 739,655 in transfers between Ochre group entities in 2018 and to her role in a June 2019 labour hire agreement while disqualified. Sentencing is listed for 4 September 2026.
EnforcementInvestigations & enforcement actionsFraud and scams
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2026-07-07•Australia•Australian Securities & Investments Commission
The Australian Securities & Investments Commission said former FAL Healthy Beverages CEO Tim Xenos was acquitted on appeal of one dishonesty conviction. He withdrew appeals against two other convictions, while his sentence appeal and resentencing on those remaining counts were adjourned to 5 August 2026 for judgment.
EnforcementInvestigations & enforcement actionsCorporate governance
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2026-07-07•Indonesia•OJK
Indonesia's Financial Services Authority announced a new memorandum of understanding with the Business Competition Supervisory Commission to deepen coordination on financial sector competition oversight. The five-year pact, effective from July 6, 2026, replaces the 2020 framework and covers policy coordination, joint research, data sharing, expert support, outreach and staff capacity building. The authorities said the update reflects growing competition and supervisory issues linked to digital transformation in financial services.
Policy & regulationCooperationDomestic cooperation
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2026-07-07•Indonesia•Bank Indonesia
Bank of Indonesia said official reserve assets increased to USD145.6 billion at the end of June 2026 from USD144.9 billion a month earlier. The rise was mainly due to tax and services receipts, despite government external debt repayments and rupiah stabilisation measures. Reserves covered 5.5 months of imports, remaining above the international adequacy benchmark.
Monetary policyMonetary policy assessments & outlooksBalance of payments and other external statistics
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2026-07-07•Ecuador•Central Bank of Ecuador
The Central Bank of Ecuador said its first-quarter 2026 economic cycle analysis shows the economy remained in an expansion phase and above its long-term trend. Its coincident and leading indicators both point to continued expansion, with the second-quarter signal to be confirmed when GDP data are available.
Data & statisticsEconomic data and developments
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2026-07-07•Ecuador•Central Bank of Ecuador
The Central Bank of Ecuador said access to bank accounts for refugees and migrants rose to 48% in 2025 from 11% in 2022, citing UNHCR data presented at a financial inclusion event in Quito. The update linked the gain to regulatory changes that broaden the documents accepted for opening basic and savings accounts, while officials said a public financial inclusion policy is being developed with refugees and migrants as a priority group.
Policy & regulationRules & requirementsFinancial inclusion