
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. manesh@regulationasia.com
Market Infrastructure
Japan FSA Calls on Market to Complete LIBOR Transition Efforts
09/06/2022
Only a small number of JPY LIBOR contracts remain that still need to complete the transition, but USD LIBOR rates are “still widely used” by Japanese FIs and corporates.
Crypto / Digital Assets
US Senators Propose Regulatory Framework for Crypto Assets
08/06/2022
The CFTC would be granted authority over crypto spot markets, based on the understanding that “most digital assets are more similar to commodities than securities”.
Market Infrastructure
MAS Finalises Revisions to BCM Guidelines for FIs
07/06/2022
FIs have until 6 June 2023 to meet the requirements of the revised guidelines, and until 6 June 2024 to conduct their first BCM audit.
Fintech / Regtech
Ant Group Launches Digital Bank Operations in Singapore
06/06/2022
ANEXT Bank, wholly owned by Ant Group, will aim to provide digital financial services to MSMEs, particularly those with cross-border operations.
Big Picture
Regulation the ‘Clinching Factor’ in Driving Sell-side Transformation
05/06/2022
New research from the ValueExchange sheds light on the role legacy technology plays in the future growth of sell-side firms.
Crypto / Digital Assets
Japan Approves Law Clarifying Legal Status of Stablecoins
05/06/2022
Under the revision bill, only licensed banks, trust companies, and registered money transfer agents will be able to issue stablecoins.
Crypto / Digital Assets
Korea FSS Probes Use of Crypto by Payment Firms
04/06/2022
Regulators also plan to launch a ‘Digital Assets Committee’ this month to bring additional safeguards and regulatory structure to Korea’s crypto industry.
Fintech / Regtech
ASIC Releases Updated ePayments Code
02/06/2022
The revised Code extends the protections to cover NPP payments and toughens banks’ obligations to help customers recover funds sent to the wrong account.
Crypto / Digital Assets
Fed Explores CBDC Impacts on Monetary Policy Implementation
02/06/2022
CBDC withdrawals could reduce bank reserves, which would result in competition for funding, higher interest rates, and ultimately a larger Fed balance sheet.
Market Infrastructure
Singapore Launches New Utility to Tackle Supply Chain, Trade Issues
02/06/2022
Over 70 participants have signed on to use SGTraDex – including DBS, OCBC, Standard Chartered, UOB, Trafigura, ExxonMobil and Chevron.
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