
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
HKEX Proposes to Streamline Listing Regime for Overseas Issuers
03/04/2021
The proposed changes provide an easier path to a Hong Kong listing particularly for Chinese companies under pressure to delist from US exchanges.
Securities / Derivatives
SGX Opens Consultation on SPACs Listing Framework
02/04/2021
At least 90 percent of IPO proceeds will have to be placed in escrow pending a SPAC’s acquisition of a target company.
Market Infrastructure
Singapore Announces End-date for SOR Derivatives
01/04/2021
Banks are asked to cease issuance of SOR derivatives and SIBOR-linked financial products by end-September 2021.
ESG / Sustainability
BOJ, FSA Highlight Ongoing Initiatives to Address Climate Risk
31/03/2021
Bank examinations will include assessments of efforts to address climate-related risks, and work is underway to identify possible approaches to climate-related scenario analysis.
Capital / Liquidity
HKMA Issues Guidance on Reporting ARR Positions in IRRBB Returns
30/03/2021
The guidelines say alternative volatility estimates may be used value new ARR options in cases where there is not enough implied interest rate volatility data.
Securities / Derivatives
Hedge Fund Collapse Sparks Billions in Losses for Banks
30/03/2021
The SEC, FSA, and FINMA are monitoring the situation, after the collapse of Archegos Capital Management left Nomura and Credit Suisse with billions in losses.
Enforcement
FCA, BOE Set Out Priority Areas for LIBOR Transition
30/03/2021
Supervisory tools may be used to address insufficient progress and poor risk management or governance.
Market Infrastructure
FMSB Issues Draft Standard on ‘Appropriate’ Use of Term SONIA
28/03/2021
The main use cases where a robust rationale may be identified for using Term SONIA in lending products include trade finance, working capital, and Islamic finance products.
Market Infrastructure
HKMA Releases Banks from 30 June LIBOR Transition Milestone
26/03/2021
International banks say prematurely restricting the issuance of LIBOR-linked contracts may result in fragmented markets.
Market Infrastructure
Continued LIBOR Use Presents ‘Safety and Soundness’ Risks
25/03/2021
ARRC will not be able to recommend a forward-looking SOFR term rate by mid-2021. New York has approved legislation to facilitate transition for tough legacy contracts.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team