AGP Executive Report
Last update: 8 hours agoPayments Infrastructure: UK’s biggest banks are set to fund a new UK Payments Delivery Company, with an equity raise aiming to secure about £50m and build a domestic payments utility that could rival Mastercard/Visa over time. Regulation Watch: The FCA has published quarterly consultation paper No. 53, proposing updates across financial promotions, banking conduct rules, cryptoasset regime implementation, complaints reporting and money market fund reporting. Crypto & Markets: Bitcoin is stuck near $77,000 as traders wait for the Fed, with analysts pointing to $76,000 support and $83,000 resistance; separate coverage flags broader crypto pressure from central-bank decisions. Political Finance: Labour peers are pushing a £50,000 cap on political donations as Reform UK faces scrutiny after £72m in crypto-linked donations, with Lords debate set to test the rules. Industrial Policy: The government is moving toward public acquisition of Speciality Steel UK after a private rescue failed, raising questions about taxpayer protections and jobs. UK Economy/Policy: Bank of England rate expectations remain in focus ahead of jobs data and the next decision.
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