AGP Executive Report
Last update: an hour agoSettlement Shift: UK and EU banks have entered the final year of preparations for T+1 securities settlement, due on 11 October 2027. The FCA expects firms to implement system changes this year and begin testing. London Listings: A City taskforce has urged Chancellor John Healey to offer tax incentives costing up to £1.28bn a year, warning the UK risks creating companies only to lose them overseas. Rates & Budget: Bank of England officials have warned against assuming rising bond yields will curb inflation, as the government faces pressure to reassure markets ahead of the Budget. Crypto Oversight: The UK has sanctioned three crypto firms over alleged links to Russian finance networks, widening its crackdown on sanctions evasion. Digital Money: The Bank of England says it will act as “the banker to the stablecoin,” signalling a larger role for the central bank as the sector develops. Investor Flows: UK investors have overtaken China as the biggest source of gold ETF inflows this year.
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