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
ESG / Sustainability
PBOC Announces Additional Measures on Climate
21/04/2021
The PBOC will allocate more green bonds to China’s foreign exchange reserves. A new catalogue of projects that are eligible for green bond issuance has been issued.
Market Infrastructure
StanChart Commits to Cutting Emissions in Shipping Portfolio
21/04/2021
Standard Chartered has joined 25 other signatories to the Poseidon Principles, a global framework that targets carbon emission cuts in the shipping industry.
ESG / Sustainability
CSRC Announces Launch of Guangzhou Futures Exchange
21/04/2021
The GFEX will develop carbon futures, and also explore electricity futures, climate-related products, commodities index futures and other “green-linked” commodities.
Capital / Liquidity
HKMA Issues Guidance on Govt Guaranteed Personal Loans
20/04/2021
Lenders should not take any actions which tighten credit to borrowers on knowledge of their application for PLGS loans.
Market Infrastructure
FMSB Offers Guidance on Transitioning LIBOR Back Book
20/04/2021
The Spotlight Review examines back book transition complexities through practical case studies and sets out key considerations for managing the associated risks.
Market Infrastructure
Japan Sets End Date for New JPY LIBOR Interest Rate Swaps
20/04/2021
New interest rate swaps referencing JPY LIBOR and maturing after the end of 2021 should cease by end-September 2021.
AML / KYC
PBOC Finalises New AML Regulations for Financial Institutions
20/04/2021
The new regulations take effect from 1 August 2021 and are applicable to non-bank financial institutions, overseas bank branches and holding subsidiaries.
Securities / Derivatives
Korea Set to Expand Securities Lending to Retail Investors
20/04/2021
Seventeen securities firms will begin to provide stock lending services worth an estimated KRW 2.4 trillion to retail investors from 3 May.
AML / KYC
US Sanctions Russia Over Election Interference, Cyber Attack
16/04/2021
US banks will be barred from purchasing rouble-denominated sovereign bonds in the primary market starting from 14 June.
Market Infrastructure
LSTA Offers Guidance on Credit Sensitive Rates to Replace LIBOR
15/04/2021
The advisory provides sample language to facilitate the use of credit sensitive rates in hardwired fallback language in new and amended loan documentation.
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