
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 Proposes Revisions to Derivatives Reporting Rules
19/05/2022
The FSA is looking to implement the data requirements specified by CPMI-IOSCO’s CDE Technical Guidance “as much as possible”.
Big Picture
Regulation Needed for ‘Shadow’ Crypto Financial System: BIS
19/05/2022
As banks and asset managers increase exposure to crypto, substantial activity is still concentrated in lightly regulated crypto exchanges.
Market Infrastructure
Singapore Consults on Adjustment Spreads for Legacy SOR Contracts
19/05/2022
Declining liquidity in the SOR-SORA basis swap market is causing difficulties in pricing adjustment spreads used to covert legacy SOR contracts to SORA-based contracts.
ESG / Sustainability
Singapore Launches ESG Registry Under Project Greenprint
17/05/2022
STACS says the registry will provide financial institutions, corporates, and regulators access to quality ESG certifications and data.
Market Infrastructure
ASIC Consults on Final Derivatives Reporting Rules
17/05/2022
ASIC will implement the UTI and LEI requirements on 1 October 2023, and the UPI and CDE on 1 April 2024.
Big Picture
Bank Culture Regarded as Critical Governance Priority: Report
16/05/2022
Financial regulators are prioritising psychological safety, ‘speak up’ culture, and the ability to “predict and prevent” stakeholder harm, says a report from Starling.
AML / KYC
ISDA AGM Highlights Global Scrutiny of Crypto Sector
14/05/2022
Senior officials from the FSB, Basel Committee, US SEC, and CFTC spoke at ISDA’s AGM about the need for more regulation in the crypto sector.
Market Infrastructure
UK Unveils Legislative Agenda for Financial Services, Markets
12/05/2022
The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.
Fintech / Regtech
TerraUSD Collapse Highlights Need for Stablecoin Regulation: Yellen
12/05/2022
The world’s fourth largest stablecoin lost its peg this week, trading as low as 23 cents to the dollar on Wednesday.
Fintech / Regtech
Opposition to CBDC Based on Misconceptions, RBNZ Says
11/05/2022
Respondents to the RBNZ’s consultation have expressed concerns that cash and privacy would be at risk of disappearing if a CBDC is issued.
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