CBDCs

BIS Innovation Hub Releases mBridge Report, Sets Out Next Steps

27/10/2022

The mBridge project team will continue working to get to a minimum viable product that can be used by early adopters next year.

AI Risk & Governance

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.

Conduct, Culture & Accountability

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.

Reporting & Disclosures

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.

CBDCs

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.

Trading & Investment

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.

Reporting & Disclosures

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.

PEPs & Sanctions

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.

Climate Risk

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.