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
Cross-boundary Wealth Management Connect Launched
10/09/2021
The PBOC, HKMA and AMCM have published the implementation details to support the launch of the Cross-boundary Wealth Management Connect Pilot Scheme.
ESG / Sustainability
MAS to Set New Disclosure Standards for Retail ESG Funds
10/09/2021
Enhanced disclosures will be required from retail ESG funds next year. NUS will launch a new centre of excellence this year to groom ESG talent.
Market Infrastructure
IOSCO Says Credit Sensitive Rates Pose Financial Stability Risk
09/09/2021
IOSCO says SOFR should be used in place of USD LIBOR and that it will be closely monitoring how the “IOSCO badge” is used in compliance assessments of credit sensitive rates.
Market Infrastructure
HKMA Urges Continued Momentum in Bank Culture Efforts
09/09/2021
Culture is the “invisible glue” that holds a bank together and assumes an even more critical role during the pandemic, says the HKMA’s Arthur Yuen.
Market Infrastructure
Greater Bay Wealth Connect Launch Imminent
07/09/2021
An announcement may come as early as Friday, ahead of a formal launch on the first Monday after China’s Golden Week holiday.
AML / KYC
AUSTRAC Releases Banking Sector Risk Assessments
07/09/2021
The big four represent the highest risk due to the scale of retail products and services they offer, particularly those that facilitate cash transactions and rapid funds transfers.
Market Infrastructure
Singapore Minister Urges FIs to Pursue International Postings
07/09/2021
MAS will extend the funding duration from 3 to 6 months for the overseas component of its Finance Associate Management Scheme starting next year.
ESG / Sustainability
Singapore Launches Asian Institute of Digital Finance
05/09/2021
The research institute has led efforts to develop a federated learning platform for SME credit analytics that is expected to launch by year-end.
Securities / Derivatives
SGX Finalises Framework for SPAC Listings in Singapore
03/09/2021
The finalised framework lowers the minimum market cap required of a SPAC listing to S$150mn from S$300mn proposed in SGX’s March consultation.
Securities / Derivatives
HKEX, HKSTP to Collaborate on Biotech, Fintech Initiatives
02/09/2021
HKEX will leverage expertise from Hong Kong Science and Technology Parks Corp to help it review biotech listing applications.
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