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
Market Infrastructure
Japan Unveils Decisions on Treatment of Legacy LIBOR Contracts
23/11/2021
Synthetic JPY LIBOR may be used if the contracting parties agree to do so, as well as in “exceptional cases” where it is difficult to proceed with negotiations.
Market Infrastructure
FSB Calls for Urgent Action Complete LIBOR Transition Steps
23/11/2021
The FSB says transition should be “primarily to overnight RFRs” and that it is closely watching market developments regarding credit-sensitive rates.
HKMA Restricts Data Sharing for Direct Marketing Purposes
22/11/2021
Banks may not share customers’ personal data with third parties including their own group companies for direct marketing purposes.
Fintech / Regtech
Japan FSA Publishes Principles for Model Risk Management
22/11/2021
The FSA published the principles to catalyse further development of model risk management practices in the industry and prevent risk.
HKMA Concludes First Phase of Front Office Incentives Review
22/11/2021
Preliminary observations from the review show that banks are increasingly considering both financial and non-financial factors when designing incentive systems.
Fintech / Regtech
OCBC ‘Actively Exploring’ Partnerships to Enter Crypto Space
21/11/2021
OCBC’s Aditya Gupta says digital assets will be mainstreamed into the financial ecosystem “before we know it”, creating new growth opportunities and revenue streams for banks.
Market Infrastructure
HKEX Finalises Changes to Listing Regime for Overseas Issuers
21/11/2021
From 1 January 2022, overseas issuers without WVR structures will have lower minimum market cap requirements to secondary list in Hong Kong.
Securities / Derivatives
Bursa Malaysia Announces New Initiative to Accelerate ESG Adoption
18/11/2021
The initiative, known as #financing4ESG, will promote sustainable finance in Malaysia and accelerate ESG adoption among listed companies.
Crypto / Digital Assets
FSB Plenary Agrees Work Programme for 2022
18/11/2021
The programme includes work around the response to Covid-19, NBFI resilience, crypto/stablecoin/DeFi risks, climate risk, and the post-2008 crisis reforms.
Securities / Derivatives
HK FSDC Proposes Measures to Advance Biotech Hub Ambitions
18/11/2021
The FSDC says allowing SPACs to list in Hong Kong will help to bolster the city’s status as a fundraising hub for the healthcare and biotech sectors.
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