AGP Executive Report
Last update: 3 hours agoRegulatory Pressure: Australia’s APRA imposed formal licence conditions on Bendigo Bank after a Deloitte root-cause review found longstanding gaps in non-financial risk management, including governance and risk oversight. Banking Compliance: India’s RBI told credit rating agencies not to name itself as the regulator for bank deposit ratings, creating a potential clash with SEBI’s disclosure rules—agencies are now seeking guidance. Fraud & Cybersecurity: A sophisticated phishing scheme hit nearly 1,000 Crédit Agricole customers in France, stealing banking details and triggering follow-up calls that led to money being taken from dozens of victims. AI in Finance: Google agreed to buy Spirit Airlines’ internal business data for $10m in bankruptcy to support AI training, while a new industry analysis warns banks’ AI testing adoption is outpacing trust, QA governance and oversight. India Banking Policy: Finance Minister Nirmala Sitharaman announced a high-powered committee to shape banking reforms for “Viksit Bharat,” with youth-focused banking and inclusion among key discussion areas. Lending Trends: Philippines banks boosted agriculture lending to P3.1tn in June, exceeding mandated quotas and marking the strongest compliance since Sept 2025.
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