
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
Trading & Investment
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.
Market Abuse
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.
Structural Regulation
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.
Structural Regulation
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.
Payments & Settlements
OTC Clear to Launch RTGS Settlement Service for Members
18/11/2020
From 30 November 2020, the new service will relieve clearing members from having to create payment instructions to settle amounts due to OTC Clear each day.
Emerging Prudential Risks
FSB to Address NBFI Vulnerabilities as Key Priority in Year Ahead
17/11/2020
In a letter to the G20, the FSB outlines its key priorities for the year ahead, including work to address vulnerabilities in money market funds, open-ended funds, and bond markets.
Capital Adequacy
RBNZ Consults on Implementation of Bank Capital Changes
17/11/2020
The RBNZ is consulting on new rules for the instruments that make up a bank’s capital, and proposed actions it will take if banks breach prudential capital buffer requirements.
Clearing & Post-Trade
HKEX Proposes Revamp of Hong Kong IPO Settlement Process
16/11/2020
Subject to market support and readiness, HKEX intends to launch a new platform called FINI in 2022 that will cut the IPO settlement process from T+5 to T+1.
PEPs & Sanctions
US Investors Barred from Buying Stocks Linked to Chinese Military
15/11/2020
Index providers will likely be forced to remove companies like China Mobile and China Telecom from key benchmarks by 11 January.
Trading & Investment
HKEX Chief Outlines Ongoing Market Development Initiatives
12/11/2020
HKEX Chief Charles Li hinted at the possibility that Stock Connect could be extended to the primary market, and expanded to include derivatives.
JOIN OUR NEWSLETTER
An exclusive weekly selection of top stories from the Regulation Asia editorial team.