Fintech / Regtech

GIFT City, Japan Fintech Body to Cooperate on Innovation

27/10/2022

GIFT City and the Fintech Association of Japan plan to launch a fintech accelerator and other entrepreneurial programmes.

Enforcement

Australian Court Orders ANZ to Pay A$25m Penalty

27/10/2022

ANZ inadvertently failed to provide promised fee and interest rate discounts to customers due to inadequacies within its systems.

ESG / Sustainability

JPX Launches Beta Version of ESG Information Portal

27/10/2022

The portal provides users easy access to ESG information from reports published by TSE-listed companies.

Crypto / Digital Assets

Japan Credit Bureau to Develop CBDC Payments Solution

26/10/2022

JBC, IDEMIA and Soft Space plan to develop a CBDC payment solution and conduct a pilot test with Tokyo merchants.

Capital / Liquidity

China Regulator Queries Banks About Yuan Declines

26/10/2022

SAFE is surveying banks about sharp yuan declines amid concerns that some market participants may be “maliciously shorting” the currency.

Enforcement

German Consumer Group Files Greenwashing Suit Against DWS

26/10/2022

The suit claims that DWS misrepresented a fund’s green credentials in marketing material. A hearing date is set for 10 March.

AML / KYC

RBI Grants First Vostro Approvals to Russian Banks

26/10/2022

Sberbank and VTB Bank have been granted approval to open vostro accounts in India to settle rupee trade transactions.

ESG / Sustainability

Singapore Commits to Tougher Net-Zero Emissions Target

26/10/2022

Singapore will develop low-carbon hydrogen as a fuel source, with a view to reaching peak emissions earlier than its stated 2030 deadline.

Securities / Derivatives

China Expands List of Stocks Eligible for Margin Trading

26/10/2022

The expansion enables investors to use more leverage to buy stocks, which the SSE and SZSE say will enhance market vitality and liquidity.