AGP Executive Report
Last update: 10 hours agoMortgage Policy Shock in Australia: After the Federal Budget, ING says it’s updating serviceability for negative gearing: for established investment properties bought after 12 May 2026, benefits will be limited to rental income for borrowing tests, with early estimates pointing to an 8%–12% hit to investor borrowing capacity. Fraud Watch: India’s “life certificate” pension scams are escalating, with criminals using fake bank links to harvest OTPs, CVVs and PINs. UK Banking Access: Lloyds will restore cheque deposits at post offices and banking hubs until end-2030 after pressure from MPs, aiming to help older customers who still rely on cheques. Central Banking & Regulation: The Bank of England warns agentic AI could outpace regulation and raise cybersecurity and market risks. Digital Banking Push: OCBC is launching an AI-avatar wealth app and plans to hire 600 relationship managers for its wealth push. World Bank Moves: The World Bank will phase out lending to China by 2031, shifting toward a “knowledge partner” role. Ghana Flood Funding: The World Bank blames Ghana’s Ministry of Finance fiscal controls for delays to the $350m GARID flood-resilience project.
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.
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