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
Crypto / Digital Assets
BCBS Publishes Final Standards for Bank Crypto Exposures
17/07/2024
The BCBS published final amendments to the prudential standard and the final disclosure framework for banks’ cryptoasset exposures.
Fintech / Regtech
FSB to Update 2017 Paper on AI-related Risks
17/07/2024
FSB Chair Klaas Knot said this work is not currently aimed at developing policy options or regulatory standards.
Big Picture
FSB Proposes Measures to Address Cross-border Payment Frictions
17/07/2024
Two new FSB reports offer policy recommendations to address legal, supervisory and regulatory frictions in cross-border payments.
Crypto / Digital Assets
FSC Korea Issues Regulations for New Virtual Assets Law
16/07/2024
The regulations specify how the virtual asset market will be supervised and illegal activities will be investigated. The new law takes effect on Friday.
Market Infrastructure
HKEX Unveils List of Mainland ETFs Being Added to Stock Connect
16/07/2024
Starting 22 July, 85 mainland-listed ETFs will be added to Northbound trading and 6 HK-listed ETFs will be added to Southbound trading.
Capital / Liquidity
China’s Liaoning Province Merging 36 Banks Into One Institution
15/07/2024
Liaoning Rural Commercial Bank is absorbing 25 rural commercial banks and 11 village banks as part of a central government plan to reform the rural credit system in China.
ESG / Sustainability
ASIFMA Report Offers APAC Guidance on ISSB Adoption
15/07/2024
The report says APAC jurisdictions should adopt IFRS S1 and IFRS S2 simultaneously, to prevent the risk of a “country or market discount”.
Capital / Liquidity
Korea Approves Resolution Plans, Announces D-SIBs List
14/07/2024
The FSC said future resolution plans need to include measures to address possible IT service interruptions and bank runs.
Securities / Derivatives
CSRC Tightens Curbs on Short Selling, Securities Lending
12/07/2024
Margins for short-selling will increase. CSF suspended its securities lending business. Quant trading also under scrutiny.
Market Infrastructure
UK to Introduce New Listing Regime from 29 July
12/07/2024
The new regime will merge the ‘premium’ and ‘standard’ listing segments and allow founders to exert greater control of their companies.
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