AGP Executive Report
Last update: 6 hours agoBanking Labor Watch: Malaysia’s HR ministry is monitoring a dispute tied to the 20th collective agreement and festive assistance for bank workers, urging parties to let the Court of Appeal process run (hearing set for March 22, 2027). Markets & Rates: Global bond jitters and easing oil prices helped lift equities; the FTSE 100 closed up 0.4% as construction contraction in the eurozone eased slightly in September. Corporate Credit Risk: JPMorgan CEO Jamie Dimon warned that competition for capital could squeeze corporate borrowers and widen credit spreads if bond stress deepens. AI in Banking: A study says small financial firms’ AI use is concentrated in IT, while infrastructure and governance remain major blockers; JPMorgan also flagged rising cybersecurity risks after Anthropic’s new models. Payments & Fraud: Nigeria’s data-localisation deadline for payment records is pushing banks and fintechs toward new local infrastructure plans; meanwhile, police warned of phishing tied to the Payconiq-to-Wero switch. Crypto Policy: The US Treasury dropped a proposed $10,000 reporting rule for crypto sent to self-controlled wallets. Deal & Hiring: JPMorgan appointed Rob Sweeney to lead global investment banking and expanded prime services via Ripple Prime for Brevan Howard funds.
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