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
Securities / Derivatives
SGX RegCo Mulls Measures to Address Concentration Risk in REITs
22/11/2020
SGX RegCo chief Tan Boon Gin spoke about concentration risk, the enforceability of security deposits overseas, and director independence at REIT managers.
Market Infrastructure
March Market Turmoil Highlighted MMF Vulnerabilities: IOSCO
22/11/2020
In a new report, IOSCO highlights the need for further reform to address vulnerabilities in certain types of non-public money market funds.
Market Infrastructure
LIBOR Transition Work Needs to Accelerate in Early 2021: FSB
21/11/2020
In a progress report on global transition efforts, the FSB highlights slower progress in loan markets, which it says must be addressed urgently.
Market Infrastructure
APLMA Seeks Consensus on SOFR-based Loan Facilities in APAC
19/11/2020
New discussion drafts cover the use of SOFR for USD loan facilities in APAC, one using the compounded average approach and the other based on Daily Simple SOFR.
Enforcement
China Bond Default Shock Prompts NAFMII Underwriter Probe
19/11/2020
Haitong Securities, Industrial Bank, China Everbright Bank, Zhongyuan Bank are suspected of violations, as recent defaults prompt concerns over the health of SOEs.
Market Infrastructure
India’s Transition Away from LIBOR ‘Full of Challenges’
19/11/2020
The RBI’s Vasudev Hemachandran writes about the need to replace MIFOR with an alternative rate, and the issues India faces in its transition.
Securities / Derivatives
US SEC to Propose Rules for Chinese Delistings Next Month
18/11/2020
SEC officials have been working on the rules since August, when a presidential working group proposed enhanced listing standards to ensure access to Chinese audit work papers.
Market Infrastructure
OTC Clear to Launch RTGS Settlement Service for Members
18/11/2020
From 30 November 2020, the new service will relieve clearing members from having to create payment instructions to settle amounts due to OTC Clear each day.
ESG / Sustainability
FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead
17/11/2020
In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.
Capital / Liquidity
RBNZ Consults on Implementation of Bank Capital Changes
17/11/2020
The RBNZ is consulting on new rules for the instruments that make up a bank’s capital, and proposed actions it will take if banks breach prudential capital buffer requirements.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team