
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
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.
Capital / Liquidity
More Progress Needed on Basel III Implementation – BCBS
29/10/2018
Basel Committee report shows limited progress in adoption of NSFR, SA-CCR, securitisation framework, and bank capital requirements for equity in funds.
Market Infrastructure
Shinzo Abe’s Beijing Visit Paves Way for Financial Sector Cooperation
29/10/2018
Forty years since the 1978 peace treaty marked by a series of MoUs between central banks, securities regulators, stock exchanges and industry bodies, among others.
Crypto / Digital Assets
Chinese Arbitration Court Protects Bitcoin as ‘Property’
29/10/2018
“Bitcoin has the nature of a property, which can be owned and controlled by parties, and is able to provide economic values and benefits,” the Court ruled.
AML / KYC
AUSTRAC Annual Report Highlights Increased Suspicious Matter Reporting
25/10/2018
A 70% increase in suspicious matter reporting over the previous year was partly attributed to the strong message sent by AUSTRAC’s A$700mn enforcement action against CBA.
Market Infrastructure
Bond Connect Credited for Rapid Growth of China ABS Market
25/10/2018
China’s onshore ABS market has been growing rapidly since the launch of Bond Connect last year, according to panellists at IMN’s Asian Structured Credit Summit.
Fintech / Regtech
Fintech Must be Governed Under Existing Legal Frameworks – HKEX
24/10/2018
Financial services offered in either a test or real environment should be governed by the same legal framework, says HKEX in a new report.
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