AGP Executive Report
Last update: 9 hours agoCrypto ETF Flows: T. Rowe Price is using active crypto security selection in its trillion-dollar asset-management push, including a “grow-with-me” crypto ETF design as SEC standards expand. Digital Banking Push: Kuwait’s NBK says its NBK Mobile Banking App is driving faster, branch-free transactions with a focus on security and customer autonomy. Bank Resolution Powers: Bangladesh Bank issued rules for temporary administrators under the Bank Resolution Act, allowing them to keep critical functions running and even replace top management. Bangladesh Digital Credit: Bangladesh Bank’s draft would let banks offer interest-free digital “salary-backed” style overdraft/utility loans up to Tk 5,000 with only fixed service fees and full digital onboarding. UPI Fees Clarification: The Philippines’ digital banks say BSP’s framework allows cost-based transfer fees, not permanent zero-fee transfers. UPI Cost Debate (India): India’s government reiterated UPI stays free for users, with any merchant fees framed as limited MDR for certain transactions. Regulatory Capital & Risk: RBI proposals include leverage buffers for global systemically important bank branches and new rules for banks’ financial contract loss coverage. Urban Co-op Banking Reform: Amit Shah urged India’s urban cooperative banks to modernize tech, boost transparency, and join NUCFDC for support as RBI resumes licensing. Market Mood: Bitcoin ETFs logged a strong week with record inflows, while Japan’s top banks boosted foreign-currency liquidity buffers amid Iran-related dollar funding worries.
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.