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
Market Infrastructure
ASX Pauses CHESS Replacement Project to Reassess Design
17/11/2022
ASX will write off about A$250mn in capitalised software, in response to an independent review by Accenture. ASIC and the RBA express disappointment.
Crypto / Digital Assets
ISDA to Publish Draft Standards for Crypto Derivatives by Year End
15/11/2022
ISDA will also consider developing collateral documentation for OTC crypto derivatives transactions and standard contracts for crypto swaps and physically-settled transactions.
Capital / Liquidity
India Resists ESMA Requirements on CCP Recognition – Reports
14/11/2022
ESMA decision will block EU banks from dealing with Indian CCPs after 30 April 2023. India faces similar standoffs with UK and Japanese regulators.
Crypto / Digital Assets
FTX Bankruptcy, Secret Transfers, and Regulatory Probes
14/11/2022
FTX files for Chapter 11 bankruptcy protection in Delaware as regulators in multiple jurisdictions investigate allegations of illegal activity.
Big Picture
FSB Letter to G20 Highlights Risks from Debt, Crypto, Climate
13/11/2022
The FSB is concerned with record-high debt levels, structural vulnerabilities in crypto, and climate-related financial risks.
Crypto / Digital Assets
Binance Backs Out of FTX Deal, Citing Regulatory Probes
10/11/2022
The US DOJ, SEC and CFTC are investigating FTX over its crypto lending products, handling of customer funds, and relationship with its US entity.
ESG / Sustainability
IOSCO Offers Recommendations on Scaling Up Carbon Markets
10/11/2022
In two separate consultation reports, IOSCO explores measures to bolster the transparency, integrity and resilience of mandatory and voluntary carbon markets.
ESG / Sustainability
ISSB Outlines Plans to Prepare Market for New Standards
10/11/2022
ISSB launches capacity building initiative. CDP to adopt ISSB standard on environmental disclosure platform. IOSCO to “promptly” decide on endorsement.
Crypto / Digital Assets
US Court Rules Crypto Firm LBRY Sold Unregistered Securities
09/11/2022
Industry watchers say the ruling could have implications for the SEC’s suit against Ripple, which was charged in December 2020 with selling unregistered securities.
Fintech / Regtech
Bursa Malaysia Concludes Customers Experience Analytics PoC
09/11/2022
A machine learning model was used to gain insights from industry data that will help improve the retail investor experience and outcomes.
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