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. [email protected]
Market Infrastructure
ISDA, EU Industry Bodies Warn of ‘Cliff Edge’ Effects ‘No Deal’ Brexit
10/10/2018
New paper proposes steps that can be taken now to mitigate potentially systemic consequences of the UK leaving the EU without a withdrawal agreement and transition period in place.
Market Infrastructure
HKEX to Roll Out Nasdaq Real-Time Risk Technology
10/10/2018
The technology provides HKEX with a single point-of-entry for risk management across its markets and enables CCPs more efficient operations and regulatory compliance.
Enforcement
SFC to ‘Vigorously Pursue’ Individuals Culpable for Misconduct
10/10/2018
The SFC will do “whatever it takes” to tackle capital markets misconduct, said deputy chief executive Julia Leung at the 2018 Refinitiv Pan Asian Regulatory Summit.
Market Infrastructure
Malaysia Seeks GDPR-Style Data Protection Laws
09/10/2018
Malaysia needs to be on par with global legislation on data protection such as GDPR, said Minister Gobind Singh Deo at a recent conference.
Securities / Derivatives
Hong Kong, UK Sign Mutual Recognition of Funds Agreement
09/10/2018
The agreement allows eligible funds in Hong Kong and the UK to be distributed in each other’s market through a streamlined process.
Japan’s Suruga Bank Ordered to Halt Property Lending
08/10/2018
The bank was found to have extended inappropriate loans to businesses related to its founding members based on falsified proof of income and assets.
Market Infrastructure
Chi-X Australia Launches Transferable Custody Receipts in Apple Inc
08/10/2018
Deutsche-issued TraCRs represent a new mechanism for Australian investors to gain exposure to overseas listed companies, starting with Apple Inc.
Fintech / Regtech
BOT Pilot to Reduce Government Bond Settlement to T+2
05/10/2018
The pilot uses distributed ledger technology to enhance efficiency, transparency and security while reducing operating costs in the sales of government savings bonds.
Big Picture
Regulators Must Resist Pressures from ‘Reform Fatigue’ – IMF
04/10/2018
IMF economists urge for resistance against pressures to roll back regulation, as the post-crisis reform agenda is not yet complete and new risks continue to emerge.
Capital / Liquidity
India Govt Seizes Control of Troubled Lender to Reassure Markets
04/10/2018
The government has appointed a new board to revive the systemically-important infrastructure financier IL&FS and committed to ensuring liquidity to prevent further defaults.
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