Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Capital / Liquidity
HKMA Finalises Policy Manual on How Pillar 2 Capital is Determined
27/01/2025
The HKMA will consider whether banks have taken into account material climate-related financial risks when determining Pillar 2 capital requirements.
China to Impose New Salary Cap at State-owned FIs – Report
27/01/2025
A CNY 1 million cap on annual income will be introduced at 27 state-owned financial companies, including the big five banks and the top six insurance companies.
Crypto / Digital Assets
US to Form Presidential Working Group on Digital Assets
26/01/2025
The SEC also officially rescinded Staff Accounting Bulletin No 121, which made it more costly for firms to keep custody of digital assets on behalf of others.
Market Infrastructure
PBOC Issues New Draft Rules on Cyber Incident Reporting
25/01/2025
The draft provides a standardised framework for the classification of cybersecurity incidents and more clearly defines reporting requirements during different stages of an incident
Crypto / Digital Assets
FSB Publishes Work Programme for the Year Ahead
25/01/2025
The work programme highlights digitalisation, climate change, and the shifting macroeconomic environment as key priorities
Securities / Derivatives
SFC Expands Listed Structured Fund Offerings in Hong Kong
24/01/2025
The SFC will allow product issuers to offer single-stock leveraged and inverse products and defined outcome-listed structured funds
Market Infrastructure
JSCC’s Transition to VaR Margin Models Has Improved Efficiency: JPX
24/01/2025
The transition from SPAN to JSCC-VaR has improved risk management and margin efficiency for listed derivatives, but further refinements are needed.
Big Picture
Chinese Regulators Should Introduce a Stewardship Code: Report
24/01/2025
Fidelity International’s Flora Wang says the implementation of such a stewardship code in China would be a “decisively positive step”.
Securities / Derivatives
China Unveils Plans to Increase ‘Long-term Funds’ in Stock Market
23/01/2025
The plan includes measures to encourage insurers, pension funds, and other medium- to long-term capital funds to increase their stock market investments
ESG / Sustainability
PIOB Certifies IESBA’s Global Ethics Sustainability Standards
22/01/2025
IESBA’s ethics standards for sustainability reporting will be launched in conjunction with IAASB’s sustainability assurance standard on 27 January
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