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
Crypto / Digital Assets
Hong Kong Opens Consultation on Regulatory Regime for Stablecoins
28/12/2023
Hong Kong will implement a licensing regime that will require issuers of fiat-backed stablecoins that meet certain conditions to be licensed by the HKMA.
ESG / Sustainability
NYDFS Finalises Guidance on Climate Risk Management
27/12/2023
NYDFS has finalised the guidance but plans to first collect information from regulated organisations before establishing any concrete implementation timelines.
Crypto / Digital Assets
Hong Kong SFC to Permit Listing of Spot Crypto ETFs
23/12/2023
HKEX welcomed the SFC’s move, saying it will enhance Hong Kong’s role as a leading digital asset hub across the region.
Crypto / Digital Assets
FSC Korea Issues New Accounting Guidelines for Crypto Assets
22/12/2023
Crypto exchanges that have control over customer assets must account for them separately as assets and liabilities.
Market Infrastructure
UK FCA Issues Listing Reform Proposals for Consultation
22/12/2023
The FCA is also consulting on rules for a bond market consolidated tape and proposals to increase the availability of bond and derivatives information.
AML / KYC
FinCEN Issues Final Rule on Access to Beneficial Ownership Information
22/12/2023
The final rule prescribes the circumstances under which BOI may be disclosed, including to FIs and foreign governments, and how it must be protected.
Capital / Liquidity
FSB, IOSCO Issue Guidance to Address Liquidity Mismatch in Funds
21/12/2023
The FSB recommendations and IOSCO guidance aim to strengthen liquidity management by managers of open-ended funds.
Crypto / Digital Assets
IOSCO Finalises Policy Recommendations for DeFi
19/12/2023
The policy recommendations for DeFi are intended to be complementary to and interoperable with IOSCO’s policy recommendations for crypto and digital assets markets.
Fintech / Regtech
China Issues New Rules for Non-bank Payment Institutions
19/12/2023
Regulators are imposing stricter licensing, business management, risk management and user protection rules on non-bank payment institutions.
Market Infrastructure
HKMA Proposes Updated Guidance to Address Banking Sector Talent Gaps
19/12/2023
The revised guidance includes new expectations on manpower planning and staff training to ensure banks can fill their talent gaps.
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