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
ESG / Sustainability
SGX RegCo to Further Enhance Corporate Governance Rules
13/09/2022
SGX RegCo will consult on mandatory requirements for listed companies to disclose the dollar values of director and CEO remuneration.
AML / KYC
US Treasury Issues Guidance on Russian Oil Price Cap
12/09/2022
The price cap on Russian crude starts in December. India and China import over half of Russia’s seaborne oil. Nord Stream 1 is closed.
Securities / Derivatives
Korea: FSS Governor Puts Accounting Industry on Notice
12/09/2022
The FSS will intensify its supervision of the accounting sector and punish serious irregularities to raise audit quality and industry professionalism.
ESG / Sustainability
MAS, SGX Launch Digital Disclosure Portal for ESG Data
12/09/2022
ESGenome will reduce the effort required of listed entities to report on sustainability, assess impact, and drive informed decision making.
Market Infrastructure
CPMI Issues Update on ISO 20022 Harmonisation Work
12/09/2022
High-level harmonisation requirements for cross-border payments will take effect in 2025, and be adopted by all existing usage guidelines.
Big Picture
ASIFMA Offers Guidance on Identifying Labour-related ESG Risks
08/09/2022
ASIFMA’s new paper says open dialogue and engagement is needed for investors to better understand the labour practices of investee companies.
Market Infrastructure
Liz Truss Implications for the UK Financial Sector
06/09/2022
Planned tax cuts will benefit banks. The FCA, PRA and PSR may be merged. China may be declared a threat to national security.
Market Infrastructure
CSRC Unveils Plans to Further Expand Stock Connect
05/09/2022
More companies will be added to Stock Connect and Hong Kong will introduce treasury bond futures and a special counter for yuan stocks.
HKMA Introduces New Rules for Banks Offering BNPL Products
05/09/2022
Banks that engage or partner with third-party service providers when launching BNPL products will be held accountable for the actions of those providers.
Fintech / Regtech
HKMA Issues Guidance on Managing Cloud Computing Risks
02/09/2022
Banks’ agreements with CSPs should ensure the HKMA can access information stored in the cloud and relevant risk management controls for on-site examinations.
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