Sustainable Finance

Version 2 of ASEAN Taxonomy Affirmed by Stakeholders

03/12/2023

The ASEAN Taxonomy Board said some feedback will be incorporated in the Version that will be effective in Q1 2023, and other improvements will be rolled out later.

CBDCs

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.

Reporting & Disclosures

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.

AI Risk & Governance

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”.

Cybersecurity

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”.

CBDCs

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.

Fraud, Scams & Cybercrime

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.

Climate Risk

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.

Emerging Prudential Risks

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.