Indian benchmark indices fell for a fifth straight session on July 24, with the Sensex closing near 76,060 and the Nifty below 23,800, as surging global crude oil prices and persistent foreign selling weighed on markets.

The Reserve Bank of India has temporarily removed the interest-rate ceiling on fresh foreign-currency non-resident deposits with three-to-five-year tenors, allowing banks to offer more competitive rates and draw inflows from non-resident Indians.

The FCA and PRA have proposed a new UK regime for captive insurers, offering a streamlined authorisation process and lighter requirements to attract companies that self-insure their own risks, with consultation running to mid-October.

The Bank of Japan is maintaining a gradual tightening stance with its policy rate at 1%, the highest since 1995, as it prepares to refresh its economic projections amid oil-driven inflation risks and a volatile yen.

The Bank of Korea raised its benchmark base rate by 25 basis points to 2.75% in mid-July, reversing part of its earlier easing as it moves to contain household debt, frothy asset prices and currency pressures.

The Monetary Authority of Singapore, with banks and fintechs, has released a framework called SAFR to keep autonomous AI agents performing financial tasks safe, secure and accountable as human oversight becomes harder to maintain.

The Monetary Authority of Singapore has proposed a Protected Cell Company framework that would let a single entity legally segregate assets and liabilities across cells, supporting captive insurance, insurance-linked securities and sovereign risk pools.

The Central Bank of the UAE has approved a Comprehensive Financial Institution Resilience Package to strengthen the stability of the banking and financial sector, a move welcomed by the country's banking federation.

The European Central Bank kept its key interest rates unchanged on July 23, leaving the deposit rate at 2.25% after June's hike, while a sharp rebound in German economic sentiment suggested businesses believe the worst of the energy shock may have passed.

The Bank of Canada kept its benchmark overnight rate at 2.25%, describing the economy as weak but showing signs of improvement, while pointing to US trade policy and the Middle East conflict as key uncertainties for the path ahead.

A senior Reserve Bank of Australia official has outlined how the central bank is working with the country's large superannuation industry to address the changing risks facing the multi-trillion-dollar retirement-savings sector.