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
Fintech / Regtech
MAS to Build Out CBDC Infrastructure, Technical Competencies
10/11/2021
Speaking at Singapore Fintech Festival, MAS managing director Ravi Menon outlined three reasons MAS could issue to a CBDC, while also highlighting the associated risks.
Enforcement
US Treasury Announces New Ransomware-related Sanctions
09/11/2021
The US Treasury Department, OFAC, State Department, DOJ, and FinCEN have taken coordinated action to counter the ransomware threat.
Market Infrastructure
HKEX Proposes April 2022 Launch of Derivatives Holiday Trading
09/11/2021
HKEX proposes to only allow Holiday Trading Participants access to Holiday Trading Products, i.e. non-HKD futures and options, even on regular business days.
PBOC Launches Credit Tool to Support Emissions Reduction
09/11/2021
The PBOC will provide lenders up to 60 percent of the principal of carbon emission reduction loans at an interest rate of 1.75 percent.
Market Infrastructure
Hong Kong to Issue First HONIA Floating Rate Notes
08/11/2021
The issuance is aimed at encouraging the private sector to issue similar products and develop of other HONIA-linked instruments.
Market Infrastructure
China, EU Publish Common Sustainable Finance Taxonomy
05/11/2021
The PBOC says the common taxonomy will help promote China-EU green investment and financing cooperation and cross-border activities, while reducing the cost of green certification.
SFC Imposes Tougher Requirements for ILAS Products
04/11/2021
ILAS products should be designed fairly and deliver fair outcomes. Issuers should lower surrender charges. Product features should not be unduly complex.
AML / KYC
MAS Proposes to Ease Retail Investor Access to Funds
04/11/2021
Under the changes, only a small group of more complex CIS would continue to be considered complex products and subject to additional disclosure requirements.
Market Infrastructure
China ABS Market: A Magnet for Global Investors
03/11/2021
China’s ABS market will see continued rapid growth in the coming years as the policy environment becomes more standardised and open, says Chen Yin, Associate Director at Moody’s Analytics.
Fintech / Regtech
MAS Sees “A Lot of Promise” in Crypto Space: Ravi Menon
03/11/2021
MAS is seeking to develop crypto technology and better understand smart contracts as it prepares for Singapore to become a “tokenised economy” by 2030.
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