
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
Cybersecurity
DDoS Attacks Force Fourth Day of Market Closure at NZX
27/08/2020
The hacker group said to be responsible has reportedly also carried out attacks against MoneyGram, YesBank India, Worldpay, PayPal, Braintree and Venmo this week.
Structural Regulation
Singapore Raises Salary Requirement for Financial Sector Work Visa
27/08/2020
MAS officials have recently said protecting Singaporean jobs was a “top priority” and that financial sector employers must “commit to growing the local talent pool”.
Trading & Investment
Korea to Extend Short Selling Ban Six More Months
27/08/2020
During the six-month extension, the FSC plans to strengthen penalties for illegal short-selling and improve retail investor access to stock short sales.
Clearing & Post-Trade
SGX to Offer Free Analytics to Facilitate UMR Preparation
26/08/2020
Through a partnership with Cassini Systems, SGX will provide market participants the analysis needed to understand how they can reduce the UMR cost burden.
Structural Regulation
ASIC Issues Guidance on Use of Enhanced Regulatory Sandbox
25/08/2020
The enhanced regulatory sandbox will commence on 1 September, following legislative amendments passed in February and subsequent regulations made in May.
Structural Regulation
ISDA Calls for Global Alignment in UPI, UTI Implementation
25/08/2020
ISDA is urging the FSB to “intensify monitoring and coordination of jurisdictional alignment” to the global UTI, UPI and CDE recommendations.
Trading & Investment
SZSE’s ChiNext Debuts First 18 Listings Under New IPO System
24/08/2020
18 companies rose by 212 percent on average on their first day of trading, with one company rising more than 2,900 percent during the day.
Capital Adequacy
Hong Kong IA Proposes New Capital Rules for Insurance Groups
24/08/2020
The rules set out capital, regulatory reporting and public disclosure requirements that apply to insurance groups where the holding company is incorporated in Hong Kong.
Structural Regulation
HK Bourse Finalises Changes to Professional Debt Regime
23/08/2020
The issuer net assets requirement will be raised, a minimum issuance size will be introduced, and state corporations will be required to meet issuer eligibility requirements.
Trading & Investment
HKEX Adds Two More Taiwan Futures Contracts to MSCI Suite
20/08/2020
HKEX is seeking CFTC certification for the new contracts. The move intensifies competition with SGX, which already has a CFTC-certified futures contract for Taiwan.
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