Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Big Picture
Model Risk Heightened in Current Credit Environment: BCBS
05/07/2023
Model and data limitations are making it more difficult for banks to capture credit quality deterioration, which may lead to higher future bank losses and capital inadequacy, the BCBS says.
Market Infrastructure
Bond Connect Will be Further Enhanced, Says HKMA Chief
05/07/2023
HKMA chief Eddie Yue discussed plans to open foreign access to the onshore treasury bond futures market and allow repo trades via Bond Connect.
Market Infrastructure
IOSCO Declares Certain Credit Sensitive Rates Non-Compliant
04/07/2023
IOSCO’s statement comes after the final five settings of USD LIBOR were published for the last time on Friday, marking the end of a more than 50 year old benchmark.
Market Infrastructure
Singapore Finalises Approach for Transitioning SIBOR Loans to SORA
30/06/2023
Recommendations finalised for how adjustment spreads should be set for converting SIBOR loans to a SORA reference rate.
Securities / Derivatives
HKEX Signs Beijing, Ningbo MoUs to Boost New Listings
30/06/2023
The MoU with Beijing Stock Exchange will support cross-listings. The Ningbo MoU will support Ningbo-based companies in listing in Hong Kong.
Securities / Derivatives
SFC to Further Enhance Market Connectivity With Mainland
28/06/2023
SFC chief Julia Leung said at an ASIFMA event that new Mainland-based derivatives contracts will be launched in Hong Kong.
Securities / Derivatives
HKEX Says New IPO Settlement Platform Will Launch in October
28/06/2023
HKEX has completed external user testing for the launch of FINI, which will shorten IPO settlement times from five to two days.
Big Picture
China Pension Market Growth Depends on Regulation Reforms – Report
28/06/2023
ASIFMA and KPMG said in a joint report that China’s pension system reforms will create new opportunities for global asset managers.
Crypto / Digital Assets
New Report Details Misuse of Customer Funds by FTX
28/06/2023
FTX was able to remove customers’ money from their primary deposit accounts by making misrepresentations to banks.
Crypto / Digital Assets
UK Law Commission Offers Recommendations on Digital Assets
28/06/2023
The Law Commission suggests the introduction of a distinct category of personal property to better recognise and protect the unique features of digital assets.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team