
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
ESG / Sustainability
Thailand: SEC Pledges Support for AIMC Sustainability Roadmap
11/06/2021
The three-year roadmap includes an initiative to develop an ‘ESG Data Framework’, which will enhance the information investors can be provided on the ESG efforts of listed companies.
Market Infrastructure
CBIRC Finalises Corporate Governance Guidelines for Banks, Insurers
11/06/2021
Directors are required to treat shareholders fairly and guarantee their rights, demonstrate high standards of professional ethics, and protect the rights and interests of stakeholders.
Capital / Liquidity
BCBS Consults on Prudential Treatment of Cryptoasset Exposures
11/06/2021
Bitcoin and other “Group 2 cryptoassets” will be subject to a 1250% risk weight to avoid exposing bank depositors and creditors to a loss.
Market Infrastructure
NGFS Updates Climate Scenarios With More Data
10/06/2021
If the transition fails, 13% of global GDP would be at risk by the end of the century, even before accounting for severe weather events.
Capital / Liquidity
IMF Reaffirms Hong Kong Stability, Identifies Pockets of Risk
10/06/2021
The IMF recommends enhancing monitoring of lending to Mainland China, increasing oversight over banking groups, and regulating mortgage lending by non-banks.
Fintech / Regtech
FSC Korea Grants Toss Bank Final Approval to Operate as Digital Bank
10/06/2021
With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.
Big Picture
MAS Sets Out Climate Strategy in Inaugural Sustainability Report
09/06/2021
Five asset managers have been appointed to manage S$1.8bn of Singapore’s official foreign reserves under new mandates focused on climate change and the environment.
Capital / Liquidity
BCBS to Consult on Capital Rules for Banks’ Crypto Exposures
09/06/2021
The proposed consultation builds on an earlier paper which outlined an approach that would subject direct crypto exposures to full deductions from CET1 capital.
Market Infrastructure
CFTC Subcommittee Proposes Switch to SOFR for Interdealer Swaps
09/06/2021
The ARRC said the change, proposed for 26 July, will allow it to formally recommend forward-looking SOFR term rates published by CME Group.
Capital / Liquidity
APRA Proposes Phased Approach to New Credit Risk Reporting Standard
09/06/2021
An interim and simplified reporting standard will apply while ADIs develop their capabilities for delivering the full suite of credit risk data collected by ARS 220.0.
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