Trump said the Doha meeting could be important and that we will wait and see.

Australia’s prudential regulator APRA opened consultation on June 29 proposing cuts to banks’ credit risk capital settings to free capital and support lending while keeping the banking system “unquestionably strong”. Key measures: lower standard risk weights for large domestic public infrastructure loans; reduced risk weights for certain high‑quality unrated corporate exposures that meet specified conditions; and adjustments to acquisition, development and construction (ADC) loan rules to allow more residential development projects to qualify for the lower 100% risk weight. APRA aims to finalise the package in H2 2026 with implementation from April 1, 2027.

U.S. Internal Revenue Service (IRS) failed to follow relevant review standards in a case involving a $384 million penalty.