AGP Executive Report
Last update: 10 hours agoCentral Banking Watch: Brazil cut its Selic rate by 25 bps to 13.75% for a fifth straight meeting as growth cools ahead of next month’s election. Gulf Rates: Bahrain raised its overnight deposit base rate by 25 bps to 4.50% after the US Fed move, with similar GCC follow-through. Asia Credit Pulse: China’s new yuan lending shrank in July, with households and firms cutting borrowing, signaling weak demand. AI in Banking Ops: A US state-regulator group published an AI supervisory framework for examiners, pushing banks to prepare for tougher scrutiny of AI use. Digital Identity: Westpac will issue business digital ID credentials via the Govt.nz app wallet, aiming to speed account verification and reduce fraud risk. Tokenized Assets: Anchorage Digital Bank expanded institutional custody to Etherlink and Tezos tokenized real-world assets, including a physical-uranium token. Regulation & Integrity: World Bank expert told South Africa’s inquiry that SAPS may need a one-off “deep clean” to tackle corruption. Corporate Finance: HDFC Bank investors face new securities fraud class actions tied to alleged undisclosed deposit and interest-rate practices. World Bank Leadership: Nobel laureate Michael Kremer named the World Bank’s next chief economist.
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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