AGP Executive Report
Last update: 11 hours agoCentral Banking Watch: The Bangko Sentral ng Pilipinas is expected to keep lifting rates, with Deutsche Bank Research forecasting two more quarter-point hikes to 5.25% as El Niño risks push inflation higher. Regulatory Relief: BSP also granted banks time-bound mark-to-market leeway on peso government securities, waiving losses from April to December if holdings are moved to maturity-basket—aimed at protecting capital after Middle East-driven yield spikes. Digital Payments & Banking Access: Kenya’s KCB and Airtel Money struck a deal letting Airtel customers deposit and withdraw cash at 22,000+ KCB agents, boosting interoperability and inclusion. Capital Markets Infrastructure: HKEX and HKMA launched a pilot to use e-HKD for after-hours derivatives margin payments, aiming to improve risk management outside regular banking hours. M&A/Investing: Janus Henderson secured approvals to complete its take-private at $52 per share by June 30, with shares set to delist from the NYSE. Crypto & Stablecoins: South Korea’s Toss Bank partnered with the Solana Foundation for cross-border remittance and stablecoin settlement tests; meanwhile Altura began winding down its stablecoin yield vault after a redemption rush. Insolvency Stress Test: India’s IBC recoveries fell to 23% with average haircuts of 68% in FY26, highlighting persistent resolution delays and weaker outcomes. Consumer Protection: India’s CCPA fined Storia Foods and English Oven maker Rs 1 lakh each over “100%” claims that didn’t match product composition.
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.