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
Taiwan FSC Opens Applications for Banks Seeking to Use IRB Approach
29/01/2024
The FSC published application documents and explanatory materials to aid banks in making their applications. The first batch of applications are due on 30 June 2024.
Securities / Derivatives
CSRC Adds More Securities Lending Curbs to Boost Stock Market
29/01/2024
Shareholders are no longer allowed to lend shares during their lock-up period. Borrowed shares will no longer be available on the same day.
Securities / Derivatives
IOSCO Seeks Feedback on Post Trade Risk Reduction Services
28/01/2024
IOSCO believes portfolio compression and counterparty risk optimisation services deserve attention from regulators globally.
Securities / Derivatives
Korea Amends Law to Guard Against Unregulated Investment Advice
26/01/2024
Unregistered investment advisors are allowed to operate online chatrooms, but only to provide “non-specific investment advice” to a “general audience”.
ESG / Sustainability
Hong Kong to Launch New Subsidy Scheme for Green Fintech
26/01/2024
The scheme will provide early-stage funding for pre-commercialised green fintech companies, said Hong Kong official Salina Yan.
ESG / Sustainability
China Relaunches Voluntary Carbon Credit Market
26/01/2024
The revamped CCER scheme, which was initially launched in 2012 but then shelved in 2017, allows any enterprise to purchase carbon credits.
Sanctions
US Senate Committee Approves REPO for Ukrainians Act
25/01/2024
If the legislation gets signed into law, it would pave the way for the US to confiscate Russian assets. However, the EU is unlikely to do the same.
Securities / Derivatives
China Announces RRR Cut, Other Measures to Boost Stock Market
24/01/2024
Besides the 50bp RRR cut for banks, regulators pledged to bolster investment returns and incentivise SOEs to improve share price performance.
Market Infrastructure
Taiwan to Introduce Responsibility Mapping System for Banks
24/01/2024
The FSC has directed the local banking association to develop a responsibility mapping system by 1 January 2025, based on the UK Senior Managers Regime.
Securities / Derivatives
China Planning Package of Measures to Stabilise Stock Market – Report
24/01/2024
Policymakers have earmarked at least CNY 300 billion of local funds and CNY 2 trillion of offshore funds to use to buy shares.
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