Crypto / Digital Assets

Third Phase of CBDC Project “Helvetia” Gets Underway

01/12/2023

The pilot programme allows participating banks to settle digital bonds and repo transactions against wholesale CBDC on a DvP basis.

Enforcement

ASIC: Morningstar Pays Two ESG-related Infringement Notices

01/12/2023

Morningstar fund investors were exposed to weapons companies for “short periods of time” despite an ESG Policy that prohibited such exposures.

Fintech / Regtech

JPX to Distribute GenAI-based Stock Analysis to Investors

01/12/2023

JPXI will use AI technology from Israeli venture Bridgewise to deliver more information on TSE-listed companies to investors “than ever before”.

Crypto / Digital Assets

Cyber Security is a Key Risk for CBDCs: BIS Paper

01/12/2023

The report points to potential gaps in central banks’ internal capabilities and skills as a “key risk”.

Crypto / Digital Assets

More Foreign Banks Join China’s CBDC Pilot Initiative

30/11/2023

HSBC, Hang Seng Bank, Fubon Bank and Standard Chartered are participating in China’s CBDC pilot initiative.

AML / KYC

Australian Government Consults on Scams Code Framework

30/11/2023

The framework sets out the responsibilities of banks, telcos and digital platforms to prevent, detect, disrupt, and respond to scams.

ESG / Sustainability

Tokyo Launches Market Maker Trials for Carbon Market

30/11/2023

The market makers for the trial include Sumitomo Corp, Daiwa Securities, Marubeni Corp, Mizuho Bank, and Mitsui & Co.

ESG / Sustainability

BCBS Consults on Climate Risk Disclosure Framework for Banks

30/11/2023

The BCBS proposes to provide a common disclosure baseline for climate-related financial risks across internationally active banks.

Big Picture

APG Report Calls for Stronger AML/CFT Response to Illegal Fishing

30/11/2023

Governments have “low levels of understanding” on the ML/TF risks posed by illegal fishing, leading to poor AML/CFT responses.