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
Market Infrastructure
China Puts Forward Tighter Regulations for Stock Market
15/04/2024
The rules will tighten listing requirements, speed up delisting of problem firms, and enhance supervision of programme trading.
Market Infrastructure
IOSCO Establishes New Workstreams on AI, Tokenisation
15/04/2024
New workstreams on green finance and credit default swaps will also be created, according to IOSCO’s updated work plan for 2024.
ESG / Sustainability
SBTi Policy Decision Prompts Backlash from Staff, Advisers
12/04/2024
SBTi announced its intention to allow the use of carbon credits to tackle Scope 3 emissions. Staff and technical advisers are demanding a reversal of the new policy.
Fintech / Regtech
CFTC Subcommittee to Advance Work on AI Regulation
12/04/2024
MRAC subcommittee will initially focus on obtaining a better understanding of how CFTC registrants are using AI to conduct regulated activities.
Big Picture
Financial Sector “Highly Exposed” to Cyber Risks, IMF Warns
11/04/2024
This is the first time the IMF has assessed cybersecurity in its Global Financial Stability Report, which says cyber policy frameworks are “inadequate”.
Big Picture
BIS Paper Calls for Global Consistency in Stablecoin Regulation
11/04/2024
Despite commonalities in the regulatory efforts across jurisdictions, the regulatory landscape remains “diverse and fragmented”, the paper says.
Sanctions
US Treasury Official Calls for Expanded Tools to Target Crypto
10/04/2024
Without Congressional action, the use of virtual assets by terrorists, ransomware actors and rogue nations will only grow, said Wally Adeyemo.
AML / KYC
US Treasury and PBOC to Conduct Joint Financial Shock Exercises
09/04/2024
The exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks.
Crypto / Digital Assets
ESMA Calls on EU Commission to Clarify Aspects of DLT Pilot Regime
08/04/2024
Four applications have been received and eight others are expected in 2024, but no authorisations have been granted under the Regime.
Crypto / Digital Assets
New BIS Project Seeks Overhaul of Global Payment System
04/04/2024
Seven central banks will develop common infrastructure that can accommodate tokenised versions of wholesale central bank money and commercial bank deposits.
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