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
Securities / Derivatives
HKSCC to Enhance Settlement Process for Dual Counter Securities
04/06/2024
HKSCC intends to eliminate the need for manual inter-counter transfers in CCASS during settlement of securities traded in multiple currencies.
Securities / Derivatives
MAS Issues Guidelines for New Derivatives Reporting Regime
03/06/2024
The guidelines focus on UTI generation and reporting, as well as re-reporting of contracts that haven’t yet matured when the new regime takes effect.
AML / KYC
Tokenisation Will Improve Correspondent Banking Model: BIS Paper
01/06/2024
The next generation of correspondent banking will make “previously closed corridors economically viable once again”.
Market Infrastructure
Korea Launches “Bug Bounty” Reward Programme
01/06/2024
Any Korean national can apply to participate in detecting security vulnerabilities in financial industry software, mobile apps or websites.
Capital / Liquidity
EU Adopts Final Basel III Rules, Confirms Jan 2025 Roll-Out
31/05/2024
Earlier this week, an ECB official said Basel III should be delayed in the EU if the US is too slow to adopt its own reform plan.
ESG / Sustainability
China Issues Basic Framework for Sustainability Disclosures
28/05/2024
These Basic Standards are part of a national unified sustainability disclosure standards system that is expected to be established by 2030.
Capital / Liquidity
Japan’s Norinchukin Bank to Raise $7.7b in Capital
22/05/2024
The bank needs to strengthen its capital base after interest rate increases went beyond expectations and caused significant unrealised losses on its foreign bond investments.
Fintech / Regtech
Implementing Singapore’s New OTC Derivatives Reporting Regime
20/05/2024
Broadridge’s Carl Hovland and David Farmery talk to Regulation Asia about the measures firms should consider as they implement new OTC derivatives reporting requirements in Singapore.
ESG / Sustainability
ICMA Proposes Draft Code for ESG Data Providers
17/05/2024
The draft Code of Conduct was prepared by an ICMA-led industry working group that was sponsored by Hong Kong’s SFC.
Sanctions
Canada Issues First Sanctions Over Settler Violence in West Bank
17/05/2024
Four individuals were sanctioned for engaging in violence and violent acts against Palestinian civilians and their property.
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