
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. manesh@regulationasia.com
Fintech / Regtech
China’s Rules for Blockchain to Take Effect in February
15/01/2019
Companies will be required to verify user data based on national IDs and phone numbers, effectively removing the anonymity of blockchainin the country.
Crypto / Digital Assets
Two Thirds of Korean Crypto Exchanges Vulnerable to Hacking
14/01/2019
Only 7 of 21 crypto exchanges in South Korea passed the government’s security audit; the rest are “vulnerable to hacking attacks at all times.”
Big Picture
APAC Capital Markets Set for Rapid Growth in Coming Decade
14/01/2019
New report from GFMA and New Financial offers policy recommendations to support the growth of deeper and more effective capital markets.
Market Infrastructure
China’s Securities Firms Under Pressure to Consolidate
01/01/2019
M&A activity between domestic brokerages is set to increase, says S&P Global. Consolidation may help local players better compete against foreign entrants.
Capital / Liquidity
China Promotes Perpetual Bonds to Replenish Bank Capital
31/12/2018
The FSDC has given the green light to allow commercial banks to replenish their capital through issuing perpetual bonds. Bank of China likely to be the first to do so.
Market Infrastructure
UPDATED – China’s Asset Management Sector Set for Shake-Up
28/12/2018
Up to 22 banks have announced plans to set up new wealth management subsidiaries which could end up taking market share from asset management firms.
Market Infrastructure
European Commission Unveils No-Deal Brexit Contingency Plan
21/12/2018
The 14-point plan includes conditional equivalence for UK CCPs and CSDs as well as delegated regulations to facilitate the novation of OTC derivatives contracts.
Capital / Liquidity
APRA Asked to Reconsider Tough Stance on Capital Requirements
19/12/2018
Australian banks are reportedly lobbying for APRA to loosen its tough stance on the capital requirements it proposed last month, as funding costs rise more than expected.
Crypto / Digital Assets
Japan FSA Publishes New Draft Framework on Crypto Assets
19/12/2018
The framework will impose restrictions on privacy coin listings, margin trading, derivative transactions and ICOs, and introduce new requirements to protect investors against hacks.
Market Infrastructure
Post-Crisis Reforms Need Recalibration for Repo Markets – GFMA, ICMA
17/12/2018
A new report calls on the FSB and BCBS to review and recalibrate post-crisis prudential standards in relation to their impacts on repo and securities lending markets.
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