Manesh Samtani
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. [email protected]
Articles by Manesh Samtani
Capital / Liquidity
China Set to Unveil New Stimulus, On Top Of Rate Cuts
15/06/2023
Regulators are expected to further lower mortgage costs, boost re-lending through policy banks, and cut banks’ reserve requirements.
Crypto / Digital Assets
US SEC Responds to Court Order on Crypto Rulemaking
14/06/2023
The SEC said it has not yet decided what action to take regarding Coinbase’s rulemaking petition, but that it will provide an update by 11 October 2023.
AML / KYC
Experts Critical of FATF Effectiveness in Combating Kleptocracy
14/06/2023
Panellists at a high-level conference expressed concern that countries with strong connections and clout received lenient treatment from the FATF.
Capital / Liquidity
UBS Closes Credit Suisse Deal, Imposes ‘Red Lines’ on Bankers
13/06/2023
FINMA said its intensive supervision will “definitely continue”. MAS said it expects both banks to handle the implications for jobs “responsibly”.
Crypto / Digital Assets
HKMA to Start ‘Paving the Way’ for e-HKD Implementation
12/06/2023
The HKMA expects that it will take at least two to three years to build a wholesale layer of production grade for possible e-HKD implementation.
AML / KYC
Sanctions Enforcement Not a ‘Credible Threat’: RUSI Roundtable
12/06/2023
Roundtable participants said lessons should be learnt from the significant penalties that drove banks to observe the Iran sanctions regimes.
AML / KYC
Ukraine Calls on FATF to Add Russia to Blacklist
09/06/2023
Ukraine says Russia has engaged in money laundering, sanctions evasion, terrorism financing, human trafficking, proliferation financing, and cyber-attacks.
Crypto / Digital Assets
Australia Issues New Strategic Plan for Payments System
08/06/2023
A new licensing framework will be introduced, including for payment stablecoin issuers. RBA will explore fast payment links with other jurisdictions.
Big Picture
Banks Increasingly Expected to Prevent Misconduct – Report
07/06/2023
New report from Starling says outcomes-based regulation, culture initiatives, data science and technology can help enhance culture and conduct risk management in the banking industry.
Market Infrastructure
CME Group Sees Opportunities in China Derivatives Market
07/06/2023
CME Group’s Russell Beattie said meetings with Chinese exchanges, regulators and brokerage firms were “overwhelmingly positive”.
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