AGP Executive Report
Last update: 4 hours agoUK Employment Reform Shock: Lawyers say investment banks face a surge in tribunal claims as the UK scraps the unfair dismissal compensation cap and cuts the time to file from two years to six months from Jan. 1, 2027. Kenya Digital Fraud Risk: Kenya’s regulator reports fraud and scam complaints tied to mobile money and digital financial services jumped sharply, with SIM control increasingly acting like an identity switch for banking access. RBI Deposit Rules: India’s RBI will tighten fixed-deposit rules from Oct. 1, standardizing how banks offer retail deposit rates and boosting daily disclosure so customers can compare offers more easily. RBI Loan Recovery & Capital Oversight: India’s central bank also moves to strengthen bank capital and tighten loan recovery practices, with new leverage and prudential frameworks aimed at reducing stress from defaults and financial-contract losses. Nigeria Dividends Blocked: Nigeria’s CBN says only six major listed banks paid 2025 dividends totaling N1.27tn; five profitable lenders were barred for failing prudential requirements. Australia Mortgage Pressure: Westpac shares slid after a quarterly update showing a 20% drop in mortgage applications and weaker housing credit outlook ahead of the RBA decision. NYSE Tokenized Securities: NYSE says it’s building onchain settlement infrastructure for tokenized securities, following live testing with DTC and signaling a broader push toward faster settlement. Philippines Payments Upgrade: BSP and PPMI launched Direct Debit PH plus InstaPay Cash-In and higher InstaPay for Business limits to expand access and raise transaction capacity. India Gold Loans Push: Indian banks are expanding gold loans to win NBFC customers, citing faster disbursals and growing portfolios.
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.