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
ESG / Sustainability
Industry Seeks Guidance on Sustainability-related Repo: ICMA
04/09/2024
A February 2024 ICMA survey highlighted a growing need for guidance on all types of sustainability-related repo.
ESG / Sustainability
Chinese Issuers Increasingly Adopting CGT in Green Bond Issuances
04/09/2024
As of 31 July, 325 green bonds aligned with the China-EU Common Ground Taxonomy have been issued in China’s interbank market.
Enforcement
Korean Regulators Intensify Scrutiny of Woori Bank, Affiliates
03/09/2024
The FSS suspects that Woori intentionally covered up unfair loans granted to relatives of the group’s former chairman.
Market Infrastructure
Deadline Fast Approaching for New Trade Reporting Rules in Australia and Singapore
03/09/2024
DTCC, MAS and ASIC are calling on market participants to accelerate testing efforts to ensure readiness for new reporting rules that go live on 21 October.
Securities / Derivatives
China Launches Non-deliverable Forwards in Interbank Market
02/09/2024
CFETS said the introduction of foreign currency NDFs will help market participants better hedge their forex risks.
Securities / Derivatives
Korea Outlines Three-Step Plan to Expand KOFR Adoption
02/09/2024
FSC Vice Chair Kim So-young said KOFR adoption is no longer a matter of choice but a practical necessity that must be swiftly implemented.
Capital / Liquidity
PBOC Starts Participating in Open Market Bond Trading
02/09/2024
The PBOC is expected to participate in treasury bond trading more regularly to manage financial system liquidity and the yield curve.
Capital / Liquidity
Korea Threatens Further Restrictions on Lending to Households
01/09/2024
Korean banks expect the regulatory pressure to trigger a “loan cold spell” during H2 this year, harming borrowers with real credit demand including genuine homebuyers.
Crypto / Digital Assets
BCBS Paper Warns of Risks in Permissionless DLT Systems
30/08/2024
New working paper describes the risks associated with permissionless DLT, highlighting the need for banks to adopt robust risk management strategies.
AML / KYC
FinCEN Finalises AML Rules for Investment Advisers, Real Estate
30/08/2024
Based on feedback to the February proposals, the final rules walk back certain measures to reduce potential burdens on businesses.
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