AGP Executive Report
Last update: 2 hours agoCoastal Risk Shock: A new Climate Council report says rising sea levels and storm surges could damage or wipe out 267,000 Australian properties and 2m hectares by 2100, with an estimated $855bn hit—WA worst at $230.5bn, Queensland most properties at risk (93,000+). Private Credit Rules Tighten: The Financial Services Council has issued Standard 30 and Guidance Note 57 for private credit/private markets managers, starting 1 July 2027, with a clearer definition of “private credit” and tougher expectations around credit risk and disclosure. Banking & Fraud Controls: FinCEN flagged $12.7bn in activity linked to suspected digital asset investment scams flowing through the US system (Sep 2023–Dec 2025), pushing banks to detect, identify and report suspicious behaviour tied to overseas scam centres. Supervision on Financial Abuse: Papua New Guinea’s central bank and 15 institutions signed the Empower Finance Code to tackle financial abuse that can trap people in debt, lock them out of funds, or misuse accounts. Housing & Rates Pressure: Multiple reports point to mortgage stress as bond yields surge toward 15-year highs, raising the stakes for Australian borrowers and bank sentiment.
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