
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
Capital / Liquidity
MAS Launches New RMB Liquidity Facility for Banks
23/11/2020
RMB funding of up to 3 months will be channelled to primary dealers, thereby enhancing credit intermediation and overall RMB market liquidity in Singapore.
Securities / Derivatives
ASIC Launches Probe into ASX Over Equity Market Outage
23/11/2020
ASIC had earlier said it would determine whether ASX followed the relevant regulatory requirements and met its licence obligations.
Market Infrastructure
BSP Instructs Banks to Report on LIBOR Exposures Quarterly
23/11/2020
The regular reports will guide the degree of the central bank’s supervisory engagement with individual institutions, BSP deputy governor Chuchi Fonacier told Regulation Asia.
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.
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