Partnerships HSBC and Wells Fargo Expand DLT Solution to Include Offshore Yuan HSBC Bank and Wells Fargo & Company announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore Yuan (CNH). The offshore Yuan is the fifth currency resolved between the two banks utilising a shared settlement ledger. Since the shared
<p><span>The Reporting Transformation Committee will focus on overseeing the design of solutions for parts of the reporting process where the Bank, FCA and reporting firms interact directly. This will cover aspects of modernising reporting instructions and creating a better integrated end-to-end reporting process.</span></p>