
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
Market Infrastructure
NZ Banking Conduct, Culture Review Finds ‘Significant Weaknesses’
05/11/2018
But conduct and culture issues do not appear to be widespread at banks in New Zealand, the FMA and RBNZ said, citing only ‘a small number of issues’ related to poor conduct by bank staff.
Enforcement
APRA Gets A$60mn in New Funding, Byres 5-Year Reappointment
05/11/2018
Following Royal Commission findings that APRA never took a financial institution to court, the agency said it needed more funding to take a more aggressive enforcement approach.
Crypto / Digital Assets
Hong Kong Targets Investor Protection in New Approach to Crypto Regulation
02/11/2018
The SFC will bring crypto-asset portfolio managers, fund distributors and eventually exchanges under its regulatory net, said Ashley Alder at Hong Kong Fintech Week.
Fintech / Regtech
HKMA Launches Blockchain-based Trade Finance Platform ‘eTradeConnect’
01/11/2018
Launched at Hong Kong Fintech Week, eTradeConnect improves trade efficiency by automating trade finance processes using blockchain technology.
Big Picture
European Firms Will Have Access to UK Clearing in No-Deal Brexit
01/11/2018
European traders will temporarily be able to use UK derivatives clearing services even without a Brexit deal in place, according to the European Commission’s Valdis Dombrovskis.
Market Infrastructure
Singapore Leads Asia Pacific in Open Banking Readiness
01/11/2018
In APAC, Singapore is the most prepared for open banking, followed by Australia and Hong Kong, according to Finastra’s ‘Open Banking Readiness Index’.
Market Infrastructure
Hong Kong-UK Mutual Funds Recognition Hits a Snag
31/10/2018
A number of Hong Kong unit trusts are not eligible to be sold in the UK, where regulations require an independent trustee or custodian, according to a Fund Selector Asia report.
Capital / Liquidity
Changes to Address Bad Behaviour at Banks Will Improve Resilience – RBA
30/10/2018
Australian banks are more resilient following post-GFC reforms. But changes to address culture and conduct issues will increase resilience further, says RBA asst governor Michele Bullock.
Securities / Derivatives
S. Korea Scales Up Stabilisation Fund as Market Hits 22-Month Low
30/10/2018
The 500 billion won fund will start investing in the KOSDAQ from November. Separately, market participants will establish an emergency monitoring system to better respond to instability.
Securities / Derivatives
China Relaxes Rules on Stock Buybacks to Support Market
30/10/2018
Over 750 listed companies have since announced stock buybacks, including Ping An Insurance Group, which plans to buy back $15.8 billion of its outstanding shares.
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