Currency pressure drives rate action in Indonesia, India and Nigeria as China holds its loan prime rate for a twelfth month, while US and UK regulators advance stablecoin supervision and tokenised settlement frameworks.

Diverging monetary policy and rapid AI adoption reshape banking risk this week, as Fed vice chair Bowman signals no rate hike, BOJ's Ueda flags oil-shock persistence, and regulators race to govern agentic AI.

ESMA advances centralised European market supervision as China extends state oversight to outbound investment, while US regulators strip reputational risk from supervisory guidance and the UK launches commercial variable recurring payments.

Intesa Sanpaolo's EUR 30.6 billion ($35.3 billion) bid for Monte dei Paschi becomes Italy's largest banking deal, as EU ministers advance centralised market supervision and Indonesia, South Korea and India take defensive currency measures.

The Fed's updated projections turn sharply hawkish under new chair Kevin Warsh, as Iran-war energy inflation pushes the Bank of Japan to a 31-year rate high and China issues its first AI governance rules for banks.

The BIS warns record sovereign debt held by non-bank investors poses new systemic risk, as Morgan Stanley gates a private credit fund again, and MAS launches an AI institute.

Four central bank chiefs unite in Sintra against forward guidance, as the ECB's Claudia Buch resists easing capital rules, China debuts an overnight repo tool, and Singapore clears a $2.7 billion 1MDB suit for trial.

Standard Bank becomes the first African bank authorised to clear Renminbi transactions, as HSBC's TradeCash goes live in Singapore and the IFC and Santander launch a $500 million supply chain finance facility.

In transaction finance this week, Standard Chartered completes the world's first live remittance under Swift's new retail payments scheme, as UK banks Barclays, HSBC, Lloyds and NatWest go live on the same cross-border framework.

This week's Risk and Capital Weekly Brief covers Gulf banks' strong AT1 demand, OCC-approved stablecoin trust charters for Circle and Sony Bank, ABN AMRO's AML fine, and Brazil's stalled BRB rescue.

This week's Transaction Finance Weekly covers the European Parliament advancing the digital euro, Swift's blockchain pilot with 17 banks, and SCB's launch of Citi's 24/7 dollar clearing in Thailand.

This week's Asian Banker Weekly Brief covers the collapsed US-Iran ceasefire and oil surge, a $2.1 trillion chip selloff, Swift's blockchain payments pilot, and Circle's national trust bank approval.

Emirates NBD partners with Techstars on AI adoption and Tabby launches a digital banking app, as Deutsche Bank expands in Saudi Arabia and Qatar and CBUAE licences reinforce the UAE's fintech hub status.

Record Wall Street profits from trading and dealmaking contrast with muted consumer banking growth, as the UK regulates BNPL, Klarna seeks a US bank charter, and Nubank completes its Mexico conversion.

Revolut wins an Australian banking licence, Stripe and Advent reportedly bid $53 billion for PayPal, and Pix enters a US trade dispute, leading a week of shifts across global retail banking and payments.