AGP Executive Report
Last update: 19 minutes agoRegulatory Capital Relief (Canada): OSFI cut the domestic stability buffer to 3% from 3.5%, giving Canada’s six largest banks more room to deploy capital. Digital Banking Rules (Philippines): BSP cleared banks to run digital marketplaces under a new Type A framework, requiring at least three non-affiliated providers and banning gambling services. Fraud/Crime Crackdown (Nigeria): CBN ordered banks and fintechs to disclose ultimate beneficial owners, tightening controls against money laundering, terrorism financing, and hidden ownership. Cyber Disruption (Iran): A limited cyberattack on shared communications hit four Iranian banks, causing simultaneous outages across POS, ATMs, and online/mobile banking. Payments Modernization (Europe): CBI extended Request to Pay to corporates across Italy and SEPA via EBA CLEARING and Nexi, enabling structured payment requests in a few clicks. Stablecoin/Programmable Finance (FV Bank): FV Bank expanded its platform with stablecoin settlement, custody, programmable payments, and cross-border rails, starting with stablecoin invoicing. Holiday Ops (US): Juneteenth closed US stock exchanges and most banks/USPS, while FedEx and UPS kept operating. Market/Tech Finance: ESMA reported on a global CCP fire drill and flagged next steps to reduce fragmentation in procedures and stress testing.
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.