AGP Executive Report
Last update: 34 minutes agoBanking Regulation & Compliance: The Central Bank of Nigeria opened applications for the second cohort of its Regulatory Sandbox (Aug 12–31), with two testing tracks for VASPs and data-enabled financial services aimed at boosting innovation while protecting consumers and market integrity. Sanctions Risk: Armenia’s central bank tightened rules from Aug 12 requiring banks to screen, monitor, and block transactions that could evade Russia sanctions, including continuous checks on clients and counterparties. Big Bank Dealmaking: Bank of America is set to buy up to a 49.9% stake in Jio Credit via Jio Financial’s NBFC arm in a deal reported around ₹18,268 crore, as BofA also pushes its $250B U.S. infrastructure financing push. AI & Markets: AMD plans to raise up to $5B in an investment-grade bond sale to fund AI-driven capacity, while Cerebras shares slid after mixed results and Intel’s $20B offering drew fresh scrutiny. Fintech & Consumer Credit (UK): Creditspring won FCA permission to operate as a credit broker, and Zilch launched new membership tiers plus salary advances and pay-monthly features. Crypto & Banking Adjacent: UBS tripled its Bitcoin ETF stake to about $90M, and Metaplanet denied selling BTC after a large transfer, calling it routine custody.
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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