AGP Executive Report
Last update: 10 hours agoAI in Banking: Revolut says it’s building its own finance-focused foundation model, PRAGMA, to connect transaction and customer signals for fraud, credit and support decisions. Banking Regulation: The Bank of England plans to relax bank leverage/capital rules and improve how buffers can be released, while warning AI could raise financial stability risks. Crypto & Markets: Coinbase wins UK authorisation to offer investment services alongside crypto, expanding access to derivatives and equities for local users. Housing & Mortgages: Nationwide appoints a new lead product manager for intermediaries to strengthen broker support, as the wider UK debate on CGT and taxes heats up. Tax Policy: HMRC delays publishing updated CGT impact analysis amid speculation over higher capital gains rates under Andy Burnham. Political Finance Fallout: Nigel Farage resigns as MP to trigger a Clacton by-election amid scrutiny over undisclosed gifts/donations, with standards and elections watchdog questions now in play. Energy & Investment: BoE flags multiple financial risks from AI and geopolitics, while a Poland-led consortium pitches a £35bn UK SMR reactor plan. Consumer Finance: High-spending online gamblers face new UK financial risk checks.
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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