
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
Securities / Derivatives
Thailand, Singapore to Introduce Depository Receipt Linkage
15/09/2021
Through the new linkage, Singapore and Thailand listed companies will be able to issue depository receipts in each other’s markets.
Capital / Liquidity
JBA Calls for Global Cryptoasset Regulations for Non-banks
15/09/2021
A global regulatory framework for cryptoassets that only includes banks would exacerbate rather than contain financial stability risks.
Market Infrastructure
APLMA, TMA Issue Guidance on SOFR Adoption in Loan Markets
15/09/2021
The HKMA said it supports the publication of the new information note, which sets out options to replace USD LIBOR with SOFR in loan contracts.
Market Infrastructure
Malaysia, Thailand Invite Banks to Become ‘Qualified ASEAN Banks’
15/09/2021
The initiative is part of the April 2019 bilateral arrangement between BNM and BOT under the ASEAN Banking Integration Framework.
Securities / Derivatives
Korea to Introduce Fractional Trading of Foreign, Domestic Stocks
13/09/2021
Fractional trading is expected to become available within this year for foreign stocks, and in Q3 2022 for domestic stocks, the FSC said.
Big Picture
Exchanges Can Help Minimise Broker-Dealer Operational Risk
13/09/2021
A paper by Citadel Securities, NYSE, Nasdaq, MIAX, MEMX, and BOX says exchanges can provide an additional layer of protection on top of broker-dealers’ own risk controls.
Fintech / Regtech
Global Central Banks Urged to Accelerate CBDC Efforts
11/09/2021
Banks worried about the implications of CBDCs should be more worried about stablecoins, DeFi and bigtech challenging their models, says Benoît Cœuré.
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.
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