
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
SC Malaysia Launches Five Year Capital Market Masterplan
21/09/2021
The masterplan includes measures to facilitate greater fundraising efficiency, liberalise access to foreign funds, and further develop the derivatives market.
Market Infrastructure
RFR Adoption Reaches New Heights in Key LIBOR Markets
18/09/2021
RFR adoption jumped in August in Japan and Switzerland. The US and UK are seeing steady progress. ISDA chief Scott O’Malia says there is no room for complacency.
Securities / Derivatives
HKEX Issues Consultation on Listing Regime for SPACs
17/09/2021
A SPAC has to raise at least HKD 1 billion from its initial offering. Subscription and trading will be restricted to professional investors.
AML / KYC
SFC Finalises AML Guidelines for Securities Sector
15/09/2021
The guidelines will take effect on 30 September, except for the new cross-border correspondent relationships requirements, which take effect six months later.
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.
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