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]
Capital / Liquidity
Major HK Banks Can Handle Risks from Property Loans – S&P Global
24/09/2024
Property market strains are “manageable” for large Hong Kong banks, though small and midsize banks with concentrated CRE exposures could face pressure.
Crypto / Digital Assets
HKMA Commences Phase 2 of e-HKD Pilot Programme
24/09/2024
Over 20 firms were selected to explore innovative use cases for e-HKD and tokenised deposits across three themes.
Fintech / Regtech
HKMA Invites Banks to Apply for GenAI Sandbox Participation
23/09/2024
The AI/GenAI sandbox trials will focus on three areas: risk management, anti-fraud measures, and customer experience.
Market Infrastructure
BIS Paper Examines Central Clearing in Government Bonds
22/09/2024
New BIS paper says centrally clearing could help mitigate risks and improve intermediation but introduce different challenges.
Crypto / Digital Assets
HSBC Tests Post-Quantum Cryptography With Tokenised Gold
21/09/2024
HSBC pilot-tested the ability to move gold tokens across different ledgers while protecting against quantum computing attacks.
AML / KYC
FATF Publishes Mutual Evaluation Report on India
20/09/2024
The report says India is achieving good results, but that it needs to address domestic PEPs, risks in the NPO sector, and a backlog of court cases.
Securities / Derivatives
Hong Kong Market Will Stay Open During Typhoons Starting Monday
20/09/2024
Market participants accounting for 99.9% of the securities market and all derivatives participants have declared they are fully prepared for the reform.
Capital / Liquidity
French and German Banks Calling on RBI to Adjust Trading Rules
19/09/2024
The existing rules would not be able to accommodate a third-party trading model proposed as a temporary solution to address ESMA’s derecognition of Indian CCPs.
AML / KYC
Europol Leads Takedown of Messaging Platform Used by Criminals
19/09/2024
A total 51 suspects have been arrested, including 38 in Australia, where the platform’s mastermind was located and a drug lab was dismantled.
Market Infrastructure
US, Hong Kong Cut Rates for the First Time in Four Years
19/09/2024
The last time the US Federal Reserve and HKMA lowered their benchmark interest rates was during the early days of the Covid-19 pandemic in 2020.
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