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
Big Picture
GFMA, BCG Call for Rapid Scaling of Carbon Markets
28/10/2021
Rapid scaling and better coordination of carbon markets are necessary to accelerate global decarbonisation and meet the Paris Agreement goals.
Securities / Derivatives
Chinese Authorities Order ‘Key Industries’ to Repay Their Debt
27/10/2021
The notice from the NDRC and SAFE comes days after Evergrande paid $83.5mn worth of overdue interest on an offshore bond just before a grace period expired.
ESG / Sustainability
NGFS Details Progress Made By Supervisors on Climate Risk
27/10/2021
The NGFS plans to launch a capacity building initiative for supervisors, develop policy recommendations to bridge data gaps, and further build on its climate scenarios work.
ESG / Sustainability
SEBI Proposes New Requirements for ESG Funds in India
27/10/2021
ESG-labelled funds will have to invest at least 80% of total assets in ESG themed securities, and disclose measures taken to mitigate greenwashing risks and reliance on third party scores.
Market Infrastructure
China: Top Policymakers Issue Climate Transition Guidance
26/10/2021
The guidance includes measures to develop the green finance sector, provide low-cost funds for green projects, and expand the carbon trading market.
Fintech / Regtech
HKMA to Bolster Regtech Talent Through New Skills Framework
25/10/2021
The HKMA will launch a new ECF on Fintech by year-end. It will incorporate a set of competency standards and training curriculum that apply to regtech practitioners.
AML / KYC
FATF Concludes Plenary, Finalises Work in Key Areas
23/10/2021
The FATF will issue updated guidance for VASPs next week. A statement on Afghanistan was released. Beneficial ownership and cross-border payments also in focus.
AML / KYC
US Signals More Balanced Approach to Sanctions Policy
23/10/2021
The US will move to a sanctions policy that is more clearly linked to policy objectives and reduces harm caused to individuals and businesses.
Market Infrastructure
MAS Consults on Revisions to BCM Guidelines
23/10/2021
The guidelines emphasise the need for FIs to take an end-to-end view in ensuring the continuous delivery of critical business services and functions.
AML / KYC
Australia Senate Report Proposes New Crypto Licensing Regime
21/10/2021
The committee recommends a new category of market licence be created for crypto exchanges and a new company structure for DeFi platforms.
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