
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
Big Picture
Asian Benchmark Administrators Face ‘Perfect Storm’ in 2021
17/12/2019
The BMR transition period is now scheduled to end alongside LIBOR’s discontinuation, creating a “perfect storm” of regulatory change for benchmark administrators and users at end-2021.
ESG / Sustainability
Asset Managers Looking to Boost ESG, Climate Efforts: SFC
17/12/2019
There is significant interest among asset management firms to step up their ESG efforts and management of environmental and climate risks, an SFC survey has found.
Big Picture
RegTech Association Flags Under-Investment in Australian Regtech
12/12/2019
Despite Australia having everything needed to be a global RegTech leader, mainstream adoption is being stymied by an equity gap, says new research from the RegTech Association.
AML / KYC
BCBS Solicits Comments on Prudential Treatment for Crypto Assets
12/12/2019
The BCBS proposes to allocate direct crypto-asset holdings to the banking book, and indirect exposures to the trading book, while prohibiting the use of internal models to calculate market risk.
Capital / Liquidity
HKMA Defends Against Rumours of Hong Kong Stability Risks
12/12/2019
The HKMA has not seen any large-scale outflow of funds from Hong Kong and the banking system had sufficient capital and liquidity to withstand any impact.
Big Picture
No Immediate Financial Stability Risks from Cloud Services: FSB
10/12/2019
While no immediate financial stability risks have been identified, there may be new issues to consider given the scale of services provided via the cloud and the small number of globally dominant players.
Big Picture
BigTechs Could Raise Issues for Policymakers: FSB
10/12/2019
BigTech firms could raise a range of issues for policymakers, warranting additional regulation and/or financial oversight over their activities, the FSB says in a new report.
ESG / Sustainability
ASEAN Regulators Are Shoring Up Climate Safeguards: WWF
10/12/2019
In a new report, WWF Singapore says ASEAN financial regulators and banking associations are increasing their expectations on banks to assess and mitigate climate and environmental risk.
Market Infrastructure
ISDA Seeks Regulatory Clarity on LIBOR Pre-cessation Trigger
09/12/2019
ISDA is prepared to re-consult on adding a mandatory pre-cessation fallback clause in LIBOR contracts once it gets clarity from regulators on the implications of a “non-representative” LIBOR.
Capital / Liquidity
MAS Highlights FX Liquidity, Cyber Risk in Latest FSR
02/12/2019
In its latest Financial Stability Review, the MAS highlights pressures on foreign currency liquidity and the potential impacts of a cyber attack on Singapore banks and their service providers.
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