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
Capital / Liquidity
Climate Risk & Regulation: A Race to the Top
23/03/2021
Bill Coen, Chair of the IFRS Advisory Council and former BCBS Secretary General, speaks to Regulation Asia about initiatives underway to mitigate climate-related risk in the banking sector.
ESG / Sustainability
Climate Change Will Threaten Financial Stability: PBOC
22/03/2021
Climate change could impact monetary policy, credit risk, market risk and liquidity risk, and undermine the stability of the entire financial system, PBOC governor Yi Gang said.
HKMC Signs Infrastructure Financing MoUs with Five Banks
22/03/2021
The partner banks will identify infrastructure-related loan assets for the HKMC’s Infrastructure Financing and Securitisation business.
Capital / Liquidity
Myanmar Military Threatens to Confiscate Bank Assets
19/03/2021
Commercial banks have been ordered to resume full operations, or else transfer deposit accounts to state- or military-owned banks.
Market Infrastructure
RBA Keeping ‘Close Eye’ on LIBOR Transition Progress
18/03/2021
Firms should not wait for a term RFR or credit-spread adjustments to reference in non-derivatives products, says RBA assistant governor Christopher Kent.
AML / KYC
Stress Testing Your Sanctions Screening Effectiveness
18/03/2021
Independent testing can serve as a functional, scientific and transparent approach to bolster the effectiveness and efficiency of sanctions screening systems.
Market Infrastructure
HKMA Urges Continued Progress on LIBOR Transition Efforts
18/03/2021
The HKMA’s Edmond Lau highlighted three essential elements for LIBOR transition: operational and system capabilities, effective coordination; commitment from top management.
Big Picture
BIS Paper Offers Policy Options for Regulating Bigtech
17/03/2021
Authorities are assessing whether existing regulatory approaches are fit for the purpose of regulating the financial operations of bigtechs.
Market Infrastructure
HKMA to Commence Review of Front Office Incentive Systems
17/03/2021
The review will focus on how incentive systems at 20 retail banks are designed and implemented, and how they drive behaviours of frontline staff and affect customer outcomes.
AML / KYC
UPDATED – US Federal Judge Lifts Investment Ban Against Xiaomi
17/03/2021
The judge said there was no evidence of Xiaomi sharing information with the Chinese government, and that the ban deprived the company of its right to due process.
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