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
Capital / Liquidity
BCBS Issues Principles on Managing Climate Risks in Banking
15/06/2022
12 principles are aimed at banks and 6 are aimed at financial supervisors and regulators. Implementation is expected “as soon as possible”.
Securities / Derivatives
ASIC Issues New Guidance on Prevent Greenwashing in Funds
14/06/2022
Being ‘true to label’ is a regulatory must-have when it comes to sustainability-related products, says ASIC deputy chair Karen Chester.
Securities / Derivatives
Canadian Regulators Propose Revised Derivatives Reporting Rules
13/06/2022
The CSA says the proposed rules will enable market participants to harmonise their reporting systems across multiple global regulators.
Securities / Derivatives
US SEC Unveils Plans to Address Payment for Order Flow
10/06/2022
Brokers will have to send orders from retail investors to “open and transparent” auctions and meet stronger best execution obligations.
Market Infrastructure
Japan FSA Calls on Market to Complete LIBOR Transition Efforts
09/06/2022
Only a small number of JPY LIBOR contracts remain that still need to complete the transition, but USD LIBOR rates are “still widely used” by Japanese FIs and corporates.
Crypto / Digital Assets
US Senators Propose Regulatory Framework for Crypto Assets
08/06/2022
The CFTC would be granted authority over crypto spot markets, based on the understanding that “most digital assets are more similar to commodities than securities”.
Market Infrastructure
MAS Finalises Revisions to BCM Guidelines for FIs
07/06/2022
FIs have until 6 June 2023 to meet the requirements of the revised guidelines, and until 6 June 2024 to conduct their first BCM audit.
Fintech / Regtech
Ant Group Launches Digital Bank Operations in Singapore
06/06/2022
ANEXT Bank, wholly owned by Ant Group, will aim to provide digital financial services to MSMEs, particularly those with cross-border operations.
Big Picture
Regulation the ‘Clinching Factor’ in Driving Sell-side Transformation
05/06/2022
New research from the ValueExchange sheds light on the role legacy technology plays in the future growth of sell-side firms.
Crypto / Digital Assets
Japan Approves Law Clarifying Legal Status of Stablecoins
05/06/2022
Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.
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