AGP Executive Report
Last update: 24 minutes agoRBI Forex Moves: India’s central bank shortened the discounted USD-INR swap hedging window for FCNR(B) deposits, now allowing banks to mobilise until Aug 31 (with swaps usable until Sep 11), after inflows topped $52.3B and total foreign-currency inflows hit $56.846B. Crypto Compliance Spotlight: Tether says KPMG has completed its long-promised full independent audit, while a separate review flags broken KYC/revocation controls in Hong Kong dollar stablecoin HKDAP, raising governance and operational risk questions. Banking Regulation & Risk Buffers: Curaçao and Sint Maarten’s CBCS is tightening sanctions procedures (24-hour updates) and weighing a countercyclical capital buffer to better absorb future shocks. Market Valuation Warning: JPMorgan strategist David Kelly says total US corporate equity value is over 400% of GDP—an overvaluation signal reminiscent of past extremes. Corporate Finance/Infrastructure: Bank of America forecasts the data-center systems market could reach $2.2T by 2030, driven largely by AI buildout, with CPUs seeing a renewed role. Deal Watch: JPMorgan boosted Bitcoin and Ether ETF holdings in its Q2 filing, while Nu Holdings surged after regulators approved its banking license in Mexico.
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.
Perspectify News
