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
Securities / Derivatives
SGX Unveils Roadmap for Mandatory TCFD-aligned Disclosures
15/12/2021
Mandatory climate reporting will be required by listed FIs from financial year 2023. Board diversity policies have to be disclosed in annual reports.
Capital / Liquidity
CBIRC to Scrap Foreign Ownership Cap for Insurance AMCs
14/12/2021
Foreign investors will be able to increase their stakes in insurance asset management companies to 100 percent and assume control.
Securities / Derivatives
SFC Sets Out Rules for Quarantine-free Travel to Mainland
14/12/2021
Staff or directors of licensed corporations whose main purpose of travel is for the management of the firm’s Mainland business are eligible.
Fintech / Regtech
Bursa Malaysia Concludes Dematerialised Structured Warrants PoC
14/12/2021
The PoC demonstrated that smart contracts can help to enable parties to share standardised and automated business processes and enable increased workflow efficiency.
Securities / Derivatives
US Sanctions Force Chinese AI Firm to Postpone HK IPO
13/12/2021
The US Treasury placed Chinese AI firm SenseTime on an investment blacklist just as the company was preparing to list in Hong Kong.
Capital / Liquidity
RBI Loosens Rules on Bank Management of Overseas Units
13/12/2021
The RBI will also introduce new rules for how banks classify and value their investment portfolios, and how payment systems charge their customers.
Fintech / Regtech
RBA, CBA, NAB Conclude Project Exploring Wholesale CBDC
13/12/2021
The model used in the PoC preserves the current role of banks in the financial system and allows non-bank wholesale market participants to access the CBDC.
Fintech / Regtech
BIS Paper Says Suptech Tools Could Diminish Supervisory Judgment
12/12/2021
The increasing use of suptech tools may diminish supervisory judgment, which could lead to “supervisory blind spots” and a “broader loss of institutional knowledge”.
Securities / Derivatives
China to Restrict Use of VIE Structures for Foreign IPOs
10/12/2021
The blacklist is expected to target new companies in sensitive sectors that use VIE structures to run their China businesses.
Market Infrastructure
IMF Calls on FSB to Create Global Regulatory Framework for Crypto
10/12/2021
The IMF proposes three elements that should be included in the framework, which is urgently needed to manage financial stability and market conduct risks.
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