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
Market Infrastructure
SGX Shareholders Voice Concerns Over Regulatory Powers
21/09/2018
Despite robust profits and extensive expansion plans announced at its AGM, SGX was criticised for not doing enough to protect minority shareholders.
Capital / Liquidity
Majority of Banks Unprepared for FRTB’s 2022 Deadline – Report
20/09/2018
An IHS Markit survey of 34 banks in North America, Europe and Australia suggests the industry needs to move more quickly to get their target risk architectures for FRTB in place by 2022.
Market Infrastructure
High Speed Markets a Challenge for Central Banks
20/09/2018
Modern market infrastructure and the volumes of data they bring present a challenge to central banks in the way they monitor markets to fulfil their mandates.
Securities / Derivatives
SEBI Imposes New Caps on Mutual Fund Fees
19/09/2018
The new caps link total expense ratios to assets under management, in a bid to pass on the benefits of scale to investors and improve transparency in the industry.
Market Infrastructure
MAS Simplifies Mobile Payments with Unified Payment QR Code
18/09/2018
The SGQR combines multiple payment QR codes into a single SGQR label, to be rolled out across Singapore over the next six months.
Securities / Derivatives
Chinese Brokers Receive Lukewarm Response from Expat Investors
18/09/2018
Foreign nationals in China can now open trading accounts at local brokerages, but so far brokers and investors appear unenthusiastic, say reports.
Market Infrastructure
HKMA Launches Faster Payment System, Common QR Code
18/09/2018
New payment system connects banks and stored-value facility operators to enable instant payments in Hong Kong dollar and renminbi.
Market Infrastructure
UnionPay Extends Reach into Hong Kong, Macau, Europe
17/09/2018
UnionPay launches mobile payments in Hong Kong and Macau, among other tie-ups in Singapore, France and the UK.
Enforcement
ASIC Pursues Civil Penalty for ANZ Disclosure Breach
17/09/2018
ANZ failed to disclose in its 2015 capital raising that underwriters Citi and Deutsche took up one-third of its share placement.
Enforcement
Two ICBC Branches Under Investigation for Illegal Fundraising
13/09/2018
The branches sold unregistered investment products to other banks to channel funds into companies beyond what regulatory lending caps allowed.
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