AGP Executive Report
Last update: 4 hours agoPhilippines Banking Relief: The BSP let banks temporarily exclude net unrealized losses on peso government securities from capital calculations after Middle East conflict pressures yields, easing pressure on CAR and CET1. UK Crypto Rules Shift: The Bank of England backed off strict stablecoin consumer holding limits and moved to a £40bn systemic stablecoin issuance cap, while tightening reserve and reward rules. Stablecoin Infrastructure Deal: MoonPay acquired Entendre to add AI accounting agents for reconciliation, treasury and close workflows, extending stablecoin payments infrastructure into finance ops. CBI Crackdown on Bank Fraud: India’s CBI arrested former RCFL and RHFL CEOs over an alleged Rs 7,623 crore fraud tied to loans to intermediary and conduit firms, with losses to multiple public sector banks. AI Governance Warning: A Financial Stability Board consultation said banks can’t fully monitor agentic AI in real time as it may take hundreds of steps and errors can surface late. Payments Expansion: Revolut says its South Africa launch is targeted for 2028, with a waitlist nearing 100,000 registrations. Banking Access Push (UK): A fund will support “banking deserts” fixes in North Yorkshire, including a shared banking hub offering cash withdrawals, deposits and face-to-face services. Solana Validator Move: MoneyGram joined Solana as a validator and on the Solana Developer Platform, deepening its stablecoin and blockchain payments push.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.